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So while I agree that microstates/citystates will become much more prevalent in the mid-long term I disagree about the rationale and whether it'll just be for t
by atlasunshrugged 6y ago
So while I agree that microstates/citystates will become much more prevalent in the mid-long term I disagree about the rationale and whether it'll just be for the wealthy. I think we would have seen much more of that in the U.S. already between high and low tax jurisdictions (e.g. California and Nevada) if it was as simple as tax optimization. I think for the ultra-wealthy there are other considerations than just taxes including visa agreements between nations and stability/rule of law (I know Henley & Partners does a brisk business selling citizenship to Chinese/Russians because they want to have citizenship in a place that won't throw them in prison or take all their money if they say the wrong thing). All that said, I do think that we'll end up with something like what Malka Older posited in her books with rather small Singapore style jurisdictions all over the world but probably catering to a range of people (e.g. the talent city in Nigeria currently in planning, manufacturing hubs, tourism/remote work hubs, etc.)