Skip to comments.Private city in Honduras will have minimal taxes, government
Posted on 09/22/2012 8:17:40 PM PDT by UnwashedPeasant
Small government and free-market capitalism are about to get put to the test in Honduras, where the government has agreed to let an investment group build an experimental city with no taxes on income, capital gains or sales.
Proponents say the tiny, as-yet unnamed town will become a Central American beacon of job creation and investment, by combining secure property rights with minimal government interference.
Once we provide a sound legal system within which to do business, the whole job creation machine the miracle of capitalism will get going, Michael Strong, CEO of the MKG Group, which will build the city and set its laws, told FoxNews.com.
Strong said that the agreement with the Honduran government states that the only tax will be on property.
Our goal is to be the most economically free entity on Earth, Strong said
(Excerpt) Read more at foxnews.com ...
It is near or at a deep-water port. Close to Roatán Island. Good location for a new Hong Kong or Singapore. If it were me, I would hire Disney Imagineering to help with city design.
when can we move in?
Where does money for courts/police/fire come from?
>Strong said that the agreement with the Honduran government states that the only tax will be on property.
With a moral people there will be no need for police or courts./s
Friedmanville is the name. Says minimal taxes not none, that is where the police come from. Fire departments were voluntary for decades in the U.S. and ambulance would be pay as you go.
I prefer elected sheriffs and sworn militia (as required).
I believe that the private company that manages the city will provide all services and will collect property taxes to pay for it. They probably also own all the land and will earn money selling the lots.
“If it were me, I would hire Disney Imagineering to help with city design.”
Good idea. Reminds me of my close bud who works for Universal Studios design team which includes the roller coaster rides. They went once to Shanghai and the Chinese local govt wanted Superman, Mickey Nouse etc. My bud said “Excuse me, but those are trademarked and copyrighted..” The Chinese locals looked at each other and the translator said “trademark? What is that?” And people kept asking why the Chinese are experts at stealing stuff and making crappy stuff.....
Not a fair test. Kind of like trying to grow straberries on asphalt... High levels of corruption, crime, drug cartel activity, worst homicide rate in the hemisphere. If the experiment fails, I don't want to hear leftists saying, "See, capitalism doesn't work."
Drug Cartel haven.
I predict that it will be a phenomenal success therefor it will most likely be the most hated and despised place on Earth. Wish we could do that here in the U.S.
¿Cuándo puedo mudarme allá?
I predict that once it is a success some commie future president of that country will seize it all and redistribute it to the poor.
It’s what commies do best, grab the stuff others built (especially infrastructure) and live off it till it turns to dust, then try and lure back the investors to rebuild so they can repeat the process.
San Pedro Sula is nearby and is currently one of the leading cities in the world for the incidence of murders, mostly drug related. I foresee problems for this utopia being planned; maybe they will name it Obamastan.
More than half of all FDs in this country are still volunteer.
Instead of the companies there doing pre-employment screening, I’d administer three random POST-hiring drug tests, once each month.
“If the current government is doing so bad that a nearby city is one of the leading cities for murder... How much worse can free market capitalism do?
I presume you’re going to vote Obama again.
You insulted, but you didn't answer the question. Government in that location is screwed up and not working. How can a free-market solution make it worse?
Honduras kicked out their commie presidente' ... we consciously elected ours!
IF this is true, how long will this new capitalist private city (cities) last before the heavy hand of the Honduran government starts interfering with its running?
Socialists or progressives do NOT like capitalists or capitalism in any way, shape, or form because it demonstrates the foolhardiness of their centrally planned societies.
If it works maybe we should try it here in the good ole USA. I’ve got some vacant land available out here in Weat Texas.
They need to use the Swiss model for safety, i.e. every resident/household MUST have a fully loaded assault rifle on premises and pass a mandatory use test. Else they will attract the nearby riffraff like flys to poop and have crime problems.
we should try the same experiment in the US! I say, let’s make this kind of deal for Texas, not just a city, a whole state that by itself would be something like the 14th biggest economy in the world. Once we have that agreement, we could then agree to, say, use the US Constitution as written and designed for our legal framework. I worked well until the progressives and Teddy Roosevelt messed everything up.
That would be the ideal situation. If Obama wins, I predict Texas will secede.
Then Texas can be the next Hong Kong!
At that point, the biggest threat to the survival of Freedom will be from do-gooder, nanny-state, "compassionate conservatives" who do not realize they are just as Statist as the Left.