And 5 million today is only half a million in purchasing power two generations ago. And even less three generations ago.
So basically we are talking about middle class as it used to be defined. Problem in the USA is, very few people now have this money; so quite rightly it seems out of reach for many
A EB-5 visa costs ~1 million dollars and has been available since the 1990s. So anyone who wanted one has had plenty of time to get one.
The new “gold card” intends to replace the existing program.
Increasing the cost from 1 to 5 million sounds like it would decrease the number of applicants, not increase them. I suspect part of this change will be loosening the requirements to justify the increased cost.
I think people with 5mil could probably get in a lot cheaper.
And 5 million today is only half a million in purchasing power two generations ago. And even less three generations ago.
So basically we are talking about middle class as it used to be defined. Problem in the USA is, very few people now have this money; so quite rightly it seems out of reach for many
A EB-5 visa costs ~1 million dollars and has been available since the 1990s. So anyone who wanted one has had plenty of time to get one.
The new “gold card” intends to replace the existing program.
Increasing the cost from 1 to 5 million sounds like it would decrease the number of applicants, not increase them. I suspect part of this change will be loosening the requirements to justify the increased cost.