Citizenship StorePosted: February 17, 2012
The Federation of Saint Kitts and Nevis essentially sells citizenships for $250,000. Over at Slate, Matthew Yglesias argues this is a practice that should be adopted by the rest of the world, especially the United States.
That’s because you too can be a Kittitian and Nevisian for the not-so-low price of $250,000. All you have to do is hand over the cash.
Why would you want such a thing? Well, for residents of developing countries gaining access to a potential exit strategy in case of political instability is valuable. Some members of the old Egyptian elite, for example, might wish they had a nice island to flee to. For the rest, the islands’ lack of income taxation may be all the inducement needed. As for the islands themselves, every bit of export earnings helps, especially since this particular form involves virtually no sacrifice on the part of the native-born. Indeed, the fact that the rather meager benefits the islands offer command such a high price naturally raises the question of whether a country that people actually want to move to—the United States of America, say—should get in on the game.
I look forward to the day when citizenship is as liquid and disposable as underwear.