Ones and Tooze
Ones and Tooze

Trump’s ‘Gold Card’ Path to Citizenship

U.S. President Donald Trump has announced a new aspect of his administration’s immigration policy: a path to citizenship for “high-level” people who can bypass the usual process by paying $5 million. Trump said the program will raise revenue for the government—but it might primarily attract Russian

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Adam Tooze Host

Topics Discussed

Episode Summary

Executive Summary: The episode pairs a broad discussion of immigration politics in the West—especially Trump’s proposed $5 million “gold card,” H-1B visas, labor-market effects, and deportation politics—with a second segment on brutalism as a postwar architectural movement tied to honesty, material legibility, and social purpose. The hosts argue that anti-immigrant sentiment is now politically mainstream, while brutalism’s original ethics were often distorted by later planning and urban redevelopment.

Main Topics: Anti-immigration politics across the West (Priority: 5/5): The hosts discuss how immigration has become broadly unpopular in the U.S. and Europe, linking this shift to rightward political movement, pandemic-era migration backlogs, inflation, and xenophobic mobilization. Trump’s proposed $5 million gold card (Priority: 5/5): They examine Trump’s new investor-citizenship idea, contrasting it with conventional golden visas and arguing it is primarily a revenue and branding device that would mostly attract ultra-wealthy Chinese and Russian applicants. High-skilled immigration and H-1B visas (Priority: 5/5): The segment contrasts restrictionist rhetoric with the economic benefits of skilled migration, with Adam arguing H-1B visas are a legitimate mechanism for U.S. growth and innovation rather than a labor scam. Labor-market effects of mass migration (Priority: 4/5): The hosts distinguish elite skilled migration from mass migration, arguing that the overall U.S. labor-market effects are neutral or positive, but that pressure is concentrated among low-skilled Latino workers and in segmented local markets. Deportation, reintegration, and Central American policy (Priority: 4/5): They cover the practical and diplomatic realities of deportation, including negotiations with Central American governments and Guatemala’s efforts to reintegrate returnees through a multi-stage national return plan. Dual citizenship and national identity (Priority: 4/5): The conversation turns normative, asking whether opportunistic or transactional citizenship changes the meaning of citizenship and how dual citizenship is interpreted differently in the U.S., Germany, Ireland, and Israel. Brutalism as architecture and politics (Priority: 5/5): In the second half, the hosts explain brutalism’s postwar origins, its ideals of structural honesty and social responsibility, and how those aims were often co-opted by cost-cutting urban redevelopment and later preservation debates.

Key Arguments: Anti-immigrant politics is now mainstream across much of the West, not marginal, and is often amplified by center-right and even social-democratic actors. Trump’s gold card is less an immigration reform than a transactional revenue scheme; it is likely to attract flight capital from wealthy Russians and Chinese rather than broadly useful investment. H-1B visas are a legitimate and valuable channel for high-skilled migration, especially in sectors like software and technology, and claims that they are a scam are politically motivated. Migration has broad macroeconomic benefits or neutrality in the U.S., but localized negative wage effects are most likely at the lower end of the labor market, especially among Latino workers. Deportation is not just a domestic enforcement issue but a regional development issue requiring coordination and reintegration policy in sending countries. Dual citizenship should be understood politically and contextually rather than abstractly; its meaning depends on the historical and symbolic relationship between the two states involved. Brutalism was originally an ethically serious architectural response to postwar destruction, emphasizing legibility, honesty, and responsibility, but its later mass adoption often degraded those ideals. The current revival of interest in brutalism is partly aesthetic, but the original social and political aspirations of the movement have often been lost or inverted in practice.

Data Points: Gold card price: $5 million - Trump’s proposed pathway to permanent residency and citizenship for wealthy foreigners Foreign-born share of U.S. labor force: 18.6% - Referenced in discussion of overall immigration and labor-market effects Undocumented share of U.S. workforce: about 5% - Used to frame the scale of undocumented labor in the U.S. Latino share of foreign-born labor force: about 9% of the labor force - Half of the foreign-born labor force is Latino Latino share of undocumented labor force: 75% - Used to argue that immigration pressure is concentrated in Latino labor markets Native-born Latino weekly earnings: $947 per week - Compared with non-native-born Latino earnings in the U.S. Non-native-born Latino weekly earnings: $792 per week - Illustrates wage pressure among low-skilled immigrant labor H-1B visas in the U.S.: about 600,000 - Approximate stock of H-1B visa holders discussed New H-1B visas issued annually: about 120,000 - Used to show the limited scale of the program Guatemalan undocumented population in the U.S.: 675,000 - Cited as a major deportation and reintegration challenge Potential impact on Guatemala: 10% of the Guatemalan workforce - If all undocumented Guatemalans in the U.S. were expelled Increase in deportation flights to Guatemala: 40% - Part of Guatemala’s agreement with the U.S. on deportations Barbican penthouse sale price: over $4 million - Example of brutalism’s shift into elite residential status First published use of 'brutalism': 1951 - Marked as the origin point of the term or movement in architecture U.S. dual citizenship ban: until 1967 - The Supreme Court struck down most laws forbidding dual citizenship

Pivotal Quotes: "this gold card model will follow the same pattern. There's no evidence from serious work in Europe where rich societies ... have offered various types of golden visa scheme." — Adam Tooze: Critique of Trump’s proposed investor-citizenship scheme "I mean, this is the populist mind virus kind of spreading across the American political system." — Adam Tooze: Reaction to anti-H-1B rhetoric from Bernie Sanders and others "Brutalism was an architecture that ... was struggling with history and the drama and violence of 20th century history." — Adam Tooze: Explanation of the movement’s original ethical and historical purpose

Implications: The episode frames immigration as a deeply political, segmented issue: skilled migration remains economically useful, while mass migration and deportation raise distributional and regional-development concerns. Brutalism’s revival shows how once-radical social aesthetics can be detached from their politics and repackaged for elite consumption.

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About Ones and Tooze

Foreign Policy economics columnist Adam Tooze, a history professor and a popular author, is encyclopedic about basically everything: from the COVID shutdown, to climate change, to pasta sauce. On our new podcast, Tooze and FP deputy editor Cameron Abadi will look at two data points each week that explain the world: one drawn from the week’s headlines and the other from just about anywhere else Tooze takes us. Check out Adam Tooze’s column at https://foreignpolicy.com/author/adam-tooze/.

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