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Private city in Honduras will have minimal taxes, government
FoxNews.com ^ | 9/22/12 | Maxim Lott

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 ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: centralamerica; honduras; latinamerica; plannedcities
Prior articles:

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.

1 posted on 09/22/2012 8:17:47 PM PDT by UnwashedPeasant
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To: All

when can we move in?


2 posted on 09/22/2012 8:22:33 PM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: UnwashedPeasant

Where does money for courts/police/fire come from?


3 posted on 09/22/2012 8:22:39 PM PDT by ROTB (Live holy, forgive all & pray in Jesus' name. Trust He is willing & able & eager to ANSWER BIG!)
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To: ROTB; UnwashedPeasant

Duh.

>Strong said that the agreement with the Honduran government states that the only tax will be on property.


4 posted on 09/22/2012 8:26:33 PM PDT by ROTB (Live holy, forgive all & pray in Jesus' name. Trust He is willing & able & eager to ANSWER BIG!)
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To: newnhdad

FReeper Island!


5 posted on 09/22/2012 8:27:05 PM PDT by null and void (Day 1341 of our ObamaVacation from reality - Obama, a queer and present danger)
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To: ROTB

With a moral people there will be no need for police or courts./s


6 posted on 09/22/2012 8:28:49 PM PDT by wita
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To: UnwashedPeasant

Galts Gulch?......


7 posted on 09/22/2012 8:29:24 PM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: UnwashedPeasant

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.


8 posted on 09/22/2012 8:31:20 PM PDT by Patrick1 (" Let's all pray Kim Kardashian's divorce won't have an impact on her craft.")
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To: ROTB
In NYC, city police services weren't established until 1845. They seemed to do ok.

I prefer elected sheriffs and sworn militia (as required).

/johnny

9 posted on 09/22/2012 8:31:27 PM PDT by JRandomFreeper (Gone Galt)
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To: ROTB

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.


10 posted on 09/22/2012 8:32:23 PM PDT by UnwashedPeasant
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To: UnwashedPeasant

“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.....


11 posted on 09/22/2012 8:38:16 PM PDT by max americana (Make the world a better place by punching a liberal in the face)
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To: UnwashedPeasant
the whole job creation machine – the miracle of capitalism – will get going

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."

12 posted on 09/22/2012 8:43:16 PM PDT by LibWhacker
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To: UnwashedPeasant

Drug Cartel haven.


13 posted on 09/22/2012 8:44:16 PM PDT by Tainan (Cogito, ergo conservatus sum)
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To: UnwashedPeasant

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.


14 posted on 09/22/2012 8:47:30 PM PDT by albionin
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To: UnwashedPeasant

¿Cuándo puedo mudarme allá?


15 posted on 09/22/2012 9:23:18 PM PDT by Choose Ye This Day (There's no shame in attacking a criminal's bean bag. -- Ron Swanson)
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To: null and void

Yep!!!!


16 posted on 09/22/2012 9:25:00 PM PDT by Bradís Gramma (PRAY for this country like your life depends on it......because it DOES!)
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To: albionin

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.


17 posted on 09/22/2012 9:33:13 PM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: UnwashedPeasant

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.


18 posted on 09/22/2012 9:36:25 PM PDT by Rembrandt (Part of the 51% who pay Federal taxes)
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To: Rembrandt
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?

/johnny

19 posted on 09/22/2012 9:42:56 PM PDT by JRandomFreeper (Gone Galt)
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To: Patrick1

More than half of all FDs in this country are still volunteer.


20 posted on 09/22/2012 9:43:44 PM PDT by moonhawk (Rush, Mark, Sean: Conservative talkers. Sarah, Newt: Conservative DOers. Mitt: Conservative faker)
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To: TexasFreeper2009

Instead of the companies there doing pre-employment screening, I’d administer three random POST-hiring drug tests, once each month.


21 posted on 09/22/2012 9:45:25 PM PDT by txhurl
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To: JRandomFreeper

“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?
/johnny”

I presume you’re going to vote Obama again.


22 posted on 09/22/2012 9:50:12 PM PDT by Rembrandt (Part of the 51% who pay Federal taxes)
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To: Rembrandt
I never vote for liberals, of any party.

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?

/johnny

23 posted on 09/22/2012 9:52:12 PM PDT by JRandomFreeper (Gone Galt)
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To: TexasFreeper2009
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.

Honduras kicked out their commie presidente' ... we consciously elected ours!

24 posted on 09/22/2012 10:19:54 PM PDT by The Duke
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To: UnwashedPeasant

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.


25 posted on 09/22/2012 10:47:59 PM PDT by MasterGunner01
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To: UnwashedPeasant

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.

texas


26 posted on 09/22/2012 11:00:53 PM PDT by Longtooth
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To: JRandomFreeper
A good question...
27 posted on 09/23/2012 12:35:34 AM PDT by danielmryan
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To: UnwashedPeasant

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.


28 posted on 09/23/2012 1:00:54 AM PDT by MrDem (Founder: Democrats for Cheney/Palin 2012)
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To: UnwashedPeasant

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.


29 posted on 09/23/2012 9:22:37 AM PDT by rigelkentaurus
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To: rigelkentaurus
"we should try the same experiment in the US! I say, let’s make this kind of deal for Texas"

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.

30 posted on 09/23/2012 11:00:24 AM PDT by UnwashedPeasant
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