Belle Isle is a 1000-acre island located in the Detroit river between the US and Canada. A developer plans to purchase the island for $1 billion and convert it into a sovereign state that the wealthy from all over the world can come and live in, free from those oppressive taxes that are taken from them and given to the moochers and looters.
Lockwood’s pitch is for a group of wealthy investors to buy the island from Detroit for $1 billion and “build a supercharged community with its own laws, customs, transportation systems, taxation and currency, transforming Belle Isle into the ‘Midwest Tiger,’ rivaling Singapore and Hong Kong as an economic miracle,” according to Lockwood’s website.
The island would then be developed into a city-state of about 35,000 people, complete with “its own laws customs and currency, under United States supervision as a Commonwealth.”
Belle Isle would be founded on the principles of limited government, “exceptional” aesthetics and “respect for all citizens,” Lockwood says. Citizens would be submit themselves to criminal background checks before moving to the island, and once there, would not pay any corporate or income taxes.
Stephen Colbert looks at this and other indulgences of the wealthy.
(This clip aired on February 19, 2013. To get suggestions on how to view clips of The Daily Show and The Colbert Report outside the US, please see this earlier post.)