This is the third installment in the ongoing series in which I design a purely hypothetical, small government, libertarian nation called Ascendia. Please read parts one and two if you have not yet before reading this article so that you’re up to speed.
Today, I will explain how taxes would work in a nation based on individual freedom, peace, and free markets.
As discussed in prior installments, Ascendia would be a minarchist libertarian nation, not an anarcho-capitalist nation. Most people, being politically illiterate, think these two are the same, when they are not.