Is Liechtenstein A Libertarian Utopia?
Liechtenstein isn’t just one of the world’s smallest countries, it’s one of the most prosperous. Despite having just 37,000 citizens and covering just 61 square miles in central Europe, the microstate has a per capita income of about $100,000, a corporate flat tax of 12.5 percent, and an income tax of just 1.2 percent.
Reason’s Nick Gillespie talked with the country’s leader, Prince Hans-Adams II, at the International Students for Liberty Conference in Washington, D.C. about how Liechtenstein turned itself around while becoming world famous for its banking privacy and openness to immigrants.
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