Interesting argument from the Sovereign Individual by James Dale Davidson [thread]:
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Historically, it was hard to leave your country, so there wasn’t much competition between governments. The internet and crypto will change this by making it easier to leave (e.g. work remote, bring your money, etc.) and harder to tax.
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As a result, governments will start to compete for citizens. They’ll begin to focus more on how much protection (and other services) they can offer the same way companies compete for customers.
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This will start with small governments that have less bureaucracy and less to lose. You already see this with Malta, Estonia, etc. changing policies to attract startups, crypto, and digital / economic residents. Small governments will disrupt big ones.
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After googling I found that it’s already possible to buy citizenship, sometimes in 60 days, to a number of different countries if you’re able to donate or invest $50k to $1M. St. Kitts is $250k, Malta is $1M, Dominica is $100k, Turkey is $1M, etc. (http://nomadcapitalist.com/2016/06/20/best-citizenship-by-investment-programs/ …)
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Davidson argues that most major technological shifts in society (neolithic revolution, industrial revolution) resulted in a change to government. It’s interesting to think about what that could mean for the information revolution, and whether the changes are already happening.
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