Thursday, February 26, 2009

Economy

The Listonian Free State enjoys a free-market economy with little intervention from the government, resulting in a superb standard of living for citizens of all races, creeds, genders, and classes.

After the breakup of the former Federal Republic of Brolecia, the founders of the LFS undertook dramatic and progressive reforms to liberalize industry and banking, including the establishment of the Liston Stock Exchange (LSE) and the Liston Mercantile Exchange (LME).

The operations of government are funded through taxes levied on the unimproved value of land throughout the country as well as excise taxes (gambling, alcohol, tobacco and marijuana) and user fees; there are no income taxes (personal or corporate) or sales taxes.

As the constitution requires the government to issue a balanced budget unless there is a national emergency, revenues currently exceed expenditures and the government runs a surplus which is in turn held in the National Trust. This, combined with a national lottery, is the basis for education and public health funding as well as a social safety net for workers and retirees.

1 comment:

  1. This sounds like a very interesting governmental structure. Will it be sustainable from these excise taxes though? love your blog by the way

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