Great idea. With the internet they could also offer a world wide zero house percentage bit coin lottery, tax free if winners move there to claim it. They'd have mostly happy rich people immigrating there, the reverse of our Land of the Free Stuff.
Thanks for your comment, Reeses.
I suspect strongly, though, that nothing would be necessary to encourage productive people to move there, open businesses, etc., other than:
- rule of law
- limited government (subset of law)
- respect for property rights (subset of rule of law)
- very limited government
- very low taxes (subset of everything above)
It’s not that this hasn’t been tried before. It’s more like the US used to be and what we’re going away from now.
If one of these little countries does this (or, more accurately, establishes a “zone” where this is the case and everyone believed it were permanent), it would change the world, literally.
This may be the one best way to fight leftism here: give an example somewhere else of what life in a conservative environment is like.
Bonus question for everyone: what do you predict would be the unemployment rate in this zone?