Here’s an interesting idea: a city with no taxes on sales, income, or capital gains. Construction commences in a few months. According to the article, the Honduran government has stipulated that property taxes be collected, but that’s it. Most of the rest of the legal system will be based on Texas state law.
After Katrina, a smart friend of mine floated the idea of a ten-year tax moratorium on the Louisiana and Mississippi Gulf coasts. (You know, in the interest of getting large numbers of citizens, not just government officials, interested and invested?) I’ve frequently wondered how that would have turned out.