Libertarian Paradise: Liechtenstein - 71 Republic - Jackson Parker:
December 23, 2017 - "The Principality of Liechtenstein situated on the eastern border of Switzerland goes unnoticed by many despite its record achievements. The small country, only spanning a total of 62 square miles, ... holds one of the highest ratings of GDP per capita in the world, first if not adjusting for purchasing power parity. It has an astounding human development index of .912, above numbers such as the UK’s, Japan’s and South Korea’s. The country’s population of around 37,000 have had a minuscule unemployment rating of less than 3%.
"The cause is the libertarian tendencies of the country’s policy....
"With 88% of the legislature belonging to fiscally right-wing parties, the people of Liechtenstein have one of the freest economies in the world. Liechtenstein holds some of the lowest tax rates in the world [with] a basic personal income tax of 1.2% and corporate profits ... taxed 12.5%. This economic freedom has allowed the small country to have more registered companies than citizens that make up for its lack of natural resources with opportunity in an extremely strong financial sector.
"The sitting Prince of Liechtenstein, Hans-Adam II also strongly believes in the ideas of liberty stated in his book, The State in the Third Millennium.
Read more: https://71republic.com/2017/12/23/libertarian-paradise-liechtenstein/
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December 23, 2017 - "The Principality of Liechtenstein situated on the eastern border of Switzerland goes unnoticed by many despite its record achievements. The small country, only spanning a total of 62 square miles, ... holds one of the highest ratings of GDP per capita in the world, first if not adjusting for purchasing power parity. It has an astounding human development index of .912, above numbers such as the UK’s, Japan’s and South Korea’s. The country’s population of around 37,000 have had a minuscule unemployment rating of less than 3%.
"The cause is the libertarian tendencies of the country’s policy....
"With 88% of the legislature belonging to fiscally right-wing parties, the people of Liechtenstein have one of the freest economies in the world. Liechtenstein holds some of the lowest tax rates in the world [with] a basic personal income tax of 1.2% and corporate profits ... taxed 12.5%. This economic freedom has allowed the small country to have more registered companies than citizens that make up for its lack of natural resources with opportunity in an extremely strong financial sector.
"The sitting Prince of Liechtenstein, Hans-Adam II also strongly believes in the ideas of liberty stated in his book, The State in the Third Millennium.
I would like to set out in this book the reasons why the traditional state as a monopoly enterprise not only is an inefficient enterprise with a poor price-performance ratio, but even more importantly, becomes more of a danger for humanity the longer it lasts...."With the massive successes in economic and human development, Liechtenstein presents a favorable case towards how smaller government benefits everyone involved. With legislation to eliminate overstepping government regulations, taxes, and control, perhaps the whole world can take a card out of the Alpine microstate’s playbook to further the freedom of their citizens and to promote economic growth inside of their own borders."
The State should treat its citizens like an enterprise treats its customers. For this to work, the State also needs competition. We therefore support the right of self-determination at the municipal level, in order to end the monopoly of the State over its territory.
- HSH Sovereign Prince Hans-Adam II of Liechtenstein, The State in the Third Millennium
Read more: https://71republic.com/2017/12/23/libertarian-paradise-liechtenstein/
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