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August 15, 2011

There is a country in Europe with a federal income tax rate of 1.2% and free trade, recognition of same-sex unions and yet no anti-discrimination legislation, people can own handguns for self-defence, welfare is done at a local level, their leader believes the State should just concentrate on the rule of law and foreign affairs, citizens can veto any piece of legislation with a referendum, local autonomy is so extensive that a local community (about 3000 people) have the freedom to vote themselves independent at any time, there is no standing army, they refuse to join the EU, and have a GDP/person of $134,392. Welcome to the Principality of Liechtenstein — libertarian wonderland.

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