Interesting argument from the Sovereign Individual by James Dale Davidson [thread]:
-
Show this thread
-
The primary role of government is to provide protection in exchange for taxes. However, governments have gotten lazy and no longer provide good value to tax payers.
1 reply 0 retweets 1 likeShow this thread -
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.
1 reply 0 retweets 1 likeShow this thread -
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.
1 reply 0 retweets 1 likeShow this thread -
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.
1 reply 0 retweets 1 likeShow this thread -
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/ …)
2 replies 1 retweet 5 likesShow this thread
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.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.