Bob Owens

The saddest truth in politics is that people get the leaders they deserve

Texas, south of the border

Written By: Bob - Sep• 24•12

I don’t know who John Galt is… but I do think I know where he’s investing:

Small government and free-market capitalism are about to get put to the test in Honduras, where the government has agreed to let an investment group build an experimental city with no taxes on income, capital gains or sales.

Proponents say the tiny, as-yet unnamed town will become a Central American beacon of job creation and investment, by combining secure property rights with minimal government interference.

“Once we provide a sound legal system within which to do business, the whole job creation machine – the miracle of capitalism – will get going,” Michael Strong,  CEO of the MKG Group, which will build the city and set its laws, told

Strong said that the agreement with the Honduran government states that the only tax will be on property.

“Our goal is to be the most economically free entity on Earth,” Strong said.

I’m extremely impressed with the leadership of Honduras for taking the chance on this and other “free cities” to help their nation’s economy, especially considering the Latin American proclivity for leftist regimes. It’s gutsy, and I it makes the change for the Honduran economy that it intends.

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