You can buy Austrian citizenship for ~5M EUR. Cyprus and Malta offered similar schemes at much lower prices until recently. Italy incentivizes people to move their tax residence there by letting them pay a 200k EUR lump sum tax annually instead of the standard progressive rate. I don't really see why we shouldn't have programs like this if there is vetting, but I'm also curious under which US laws this can be justified. Who would have standing to contest this even if it wasn't legal?
PS:
Under 50 USC §3508, the CIA director or the Attorney General can bring in up to 100 aliens and their family per year for permanent residence without regard to any admissibility requirements. Perhaps to maximize revenue these spots can be auctioned off at a premium.
There already was such a system with more concrete requirements. It is called the EB5 visa and has a path to green card. What does this new method bring to the table?
The payments are not going to Trump, personally. They're probably not going to the government, either; I bet this becomes like the EB-5 investor visa, where you make certain kinds of investments within the US. I admit that the text on the website doesn't make this clear, though.
Yeah, if you peel off Trump's name, the insane branding, and the fact that this seems to have been implemented completely extra-legally, I don't hate it.
The "extra-legally" part is not at all clear. When this goes to court (and I'm sure it will), the administration's argument will probably go something like this: Congress has authorized the administration to issue visas to people of "exceptional ability in business" -- see 8 U.S.C. § 1153(b)(2), for example. However, Congress did not specify how, exactly, the executive will ascertain that ability. The Trump administration believes that making a one million dollar investment in the U.S. demonstrates evidence of business ability, and is using this as a factor for issuing and prioritizing visas.
PS:
Under 50 USC §3508, the CIA director or the Attorney General can bring in up to 100 aliens and their family per year for permanent residence without regard to any admissibility requirements. Perhaps to maximize revenue these spots can be auctioned off at a premium.