3 ms·
Seasteading is not motivated by environmental concerns , but mainly by libertarian concerns to escape regulations and governments. How would they evade taxes i
by return1 7y ago
Seasteading is not motivated by environmental concerns , but mainly by libertarian concerns to escape regulations and governments. How would they evade taxes in international territory where there are no taxes?
[edit since i m blocked from replying]:
- US is unique in taxing worldwide income. I would assume the colonists would renounce any other citizenship anyway, and the colony does not have taxes.
- They could not move any financial assets or to the colony unless it is somehow recognized internationally. There is no way to evade taxes.
- The only possible way to tranfer assets is to convert them to cryptocurrency , which presumably would only be useful in the colony. And there 's probably not going to be a way to move large sums of money out of the colony, unless international banks agree to cooperate with it.
[and a tangent]
It's "interesting" to contrast the reactions of HN 2019 compared to 10 years ago: https://news.ycombinator.com/item?id=194028 https://news.ycombinator.com/item?id=194028
- CaptainZapp 7y agoThey would evade taxes from moving from where they currently live (and pay those taxes, which they're not able to evade via fancy constructs) to "Nowhere Land" where they (apparently) are not taxed at all. Alas, "Nowhere Land" may figure at one point that they need to generate income for basic maintenence and other necessary expenses. Basic maintenance, which can be very, very costly out at sea.
- jdblair 7y agoThere are taxes in international waters. If you are a US citizen you owe income tax no matter where you earn your income. Hiding your income and not paying income tax is evading taxation. https://www.irs.gov/individuals/international-taxpayers/taxpayers-living-abroad https://www.irs.gov/individuals/international-taxpayers/taxp...