The Christian Science Monitor

‘Golden visas’: Europe tightens residency rules for the rich

In his Tennessee high school valedictorian speech in 1998, Benjamin Trotter invoked Socrates: “I am neither Athenian nor Greek, but a citizen of the world.”

Fast-forward two decades, and Mr. Trotter began to feel less at home in his own country. Worn down by divisions in American society, he began to fantasize about living in a place where he wouldn’t have to worry about the erosion of his rights as a member of the LGBTQ+ community. His gaze turned to Europe.

Being a citizen of the world, though, comes with a steep price tag: €350,000 ($377,000).

That’s on the low end for what is known as a

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