From #USVI to #VIexit

Imagine a new jurisdiction that has as its drivers an economy driven by and serving as a Caribbean hub for technology, energy, and transportation. It is made up of three city-states, each city-state, given its infrastructure and population, specializing in but not necessarily restricted to one of the above economic drivers. Its “government” would be limited to developing, deploying, and maintaining infrastructure including harbors, highways, airports, and broadband; settling lawsuits; prosecuting crimes; and providing external defense.

It wouldn’t levy a tax. Instead, this administration would act more like a joint stock company, funded by residuals earned on its equity interest in businesses that earn significant revenues or employ significant numbers of people and by annual capital contributions made by citizens.

The administration would not be allowed to make or enforce laws that address personal decisions, beliefs, or behaviors short of prosecuting crimes that involve property or personal harm. No ;laws against or for abortion. No laws against or for religion. No laws for or against sexual orientation. The managers and board of directors of this administration would serve a seven-year term and citizens would decide whether to renew their terms.

Dividends collected would be reinvested in infrastructure. Citizens would have an ownership interest in this joint stock structure and would collect dividends based on their annual capital contribution. Citizenship would be limited to individuals born in the jurisdiction; the children of citizens born in the jurisdiction; and those purchasing citizenship status minus the right to vote.

A different form of “government” based on enhanced individual freedoms, equity ownership; and no taxation…..

If you can celebrate the birth of a nation that didn’t have you in mind when it was formed nor has you in mind when the benefits are distributed, then its time to open your mind to the possibilities of something bigger, better, and all yours ….#VIexit

About Alton Drew

Alton Drew brings a straight forward and insightful brand of political market intelligence. Alton Drew graduated from the Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). You can also follow Alton Drew on Twitter @altondrew.
This entry was posted in Political Economy, U.S. Virgin Islands and tagged . Bookmark the permalink.

One Response to From #USVI to #VIexit

  1. George Lindley says:

    interesting concept, sorta like a libertarian utopia. It will never happen , don’t forget half the people in the U.S. are on the dole. The other half get tax deductions and tax refunds ( which they do not even know is their own money). Good luck though.

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