Offshore “land” (property) is sold by square foot from entrepreneurs to investors. A democratic body controlled by residents built on representative and direct democracy governs the breakwater. It consists of two legislative houses which must agree by plurality to rule changes, and of citizen referenda where citizens need to approve the decision made in the representative body with a threshold of 5.000 voters. Additionally, a Harberger tax system prices externalities of decisions meaning that citizens pay a cost that is associated with the cost your vote imposes on others

Proponents: The Seasteading Institute

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