The Inevitable Death of the “Golden Passport”

For years the European island nation of Malta has offered what many call the “Golden Passport” – an exclusive citizenship to Malta for wealthy donors who can afford the nearly $1M fee. Critics complain that it enables shady characters to get access to a European passport to move freely through Europe. And more philosophically they argue that citizenship shouldn’t be something that is bought and sold. Yet the freedom an EU passport affords is a major benefit depending on which country’s passport ...