Investors have offered to buy Belle Island for 1 billion, to create a new libertarian State. It would be a US Territory like Guam. 1 billion dollars would save Detroit (which no longer has the funds to maintain their parks anyway), but the greedy power hungry politicians will never allow something like this.
Investors seek to buy island from Detroit and start a 'new nation' free of personal and corporate income taxes, where everyone has good credit and citizenship costs $300GBy Dan Prochilo
PUBLISHED: 10:38 EST, 26 January 2013 | UPDATED: 12:46 EST, 26 January 2013
A developer wants the city of Detroit to sell an island that is now a city park to a group of buyers looking to transform it into the newest U.S. commonwealth.
Rodney Lockwood, a developer from Bingham Farms, a village of 1,100 people about a half-hour from Detroit, is pushing for the city to sell the 982-acre Belle Isle for $1 billion to a group of investors who 'believe in individual freedom, liberty and free markets,' according to a website set up by proponents of the concept, commonwealthofbelleisle.
com.
During the next three decades, the buyers would establish a 'remarkable new nation' of 35,000 people using private money, transforming the island into a quasi-autonomous state with its own government, currency and system of taxation.
There would be no personal or corporate income tax in this business-friendly utopia.This is what Belle Isle could look like in 30 years, if a group of investors purchases it for $1 billion and realizes their vision of turning the island in the Detroit River into a new U.S. commonwealth
Developer Rodney Lockwood says the economic effects of his plans for Belle Isle, the largest island city park in the United States, could restore Detroit to its glory days
All citizens would be mandated to have good credit, no criminal background and command of the English language, according to The Detroit News.
Supporters forecast that a privately owned Belle Isle would rival Singapore 'as an economic miracle,' generating 'billions of dollars in desperately needed economic growth' and becoming 'a social laboratory for the western world' -- an experiment in small government.Read more:
http://www.dailymail.co.uk/news/article-2268696/Belle-Isle-Developer-wants-buy-island-Detroit-start-remarkable-new-nation.htmlFred Smith, Washington, United States, 11 months ago
The genius of American entrepreneurial capitalism is that no matter how repressive the state, ideas bubble forth. China allowed Hong Kong freedom and hundreds of millions of Chinese moved out of poverty. Michigtroit would do well to consider that path also. Creating islands of economic freedom liberated from an ever expanding Leviathan would provide examples of what America might yet become - again that Shining City on th Hill. We don't have to teach the "grass" to grow, just move the political rocks off our lawn. Lockwood has made his proposal -- why not allow him his experiment? Fred Smith, Director of CEI's Center for Advancing Capitalism