Stephan Livera Podcast SLP464 Can Free Private Cities Make the World Dramatically Richer? with Erick Brimen CEO of Prospera
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Mar 8, 2023 Erick Brimen, CEO of Prospera and a proponent of free private cities, discusses how these innovative governance models could generate an astonishing $100-200 trillion in global wealth. He delves into the dynamics of living together and historical precedents for this model. Brimen highlights the critical links between governance quality and economic growth, using Venezuela as a cautionary tale. He also talks about Prospera's unique governance structure, its role in Bitcoin adoption, and how it aims to foster real estate development and community-driven economies.
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Pitching Zones: Stop Exporting Your People
- Offer a voluntary, better alternative so citizens won't emigrate; import best governance practices instead.
- Use private capital to build infrastructure and share tax upside with the national government to create local benefits without public spending.
Optionality Can Strengthen Sovereignty
- Sovereignty properly belongs to individuals as self-determination, not absolute bureaucratic control.
- Creating more voluntary options for citizens actually enhances national sovereignty, not erodes it.
How Residency And Taxes Work In Prospera
- To live or work in Prospera, obtain Honduran residency then apply for Prospera residency or e-residency.
- Expect default taxes of 5% personal, 10% corporate (1% revenue proxy), 2.5% sales tax and 1% land-value tax annually.