Although I hate philantrophy, I already paid more than 100.000 dollars for the translation of 15 of the Austrian classics to Turkish. That amount includes the translation and first printing costs. I am hoping with the money coming from sales it can go on.
I will also sponsor some Turkish economists to attend the Mises University seminars in Alabama.
Other than that I could bring my family and my wealth to a free society if there would be one, but I dont think I could start it. I even thought of emigrating to the US and join the free state project but I find this dangerous these days. US is going bankrupt and the ones that will be paying are going to be US citizens.
ktibuk:When you grow you have to get on the books of the government. And in business if you stop you fall. You need to strive for more profits, or you go bankrupt.
This is false. The "grow or die" concept only applies to on-the-books businesses. A large corporation can lobby the State for favors. The cost of compliance with regulations is a larger % of revenue for a small business. If you're a small on-the-books business competing with a large corporation, you are in trouble.
If your business is off-the-books, then you aren't under pressure to grow. If you have an off-the-books business, then the State can't leech your profits and use them to fund your competitors.
I have my own blog at FSK's Guide to Reality. Let me know if you like it.
fsk:This is false. The "grow or die" concept only applies to on-the-books businesses. A large corporation can lobby the State for favors. The cost of compliance with regulations is a larger % of revenue for a small business. If you're a small on-the-books business competing with a large corporation, you are in trouble. If your business is off-the-books, then you aren't under pressure to grow. If you have an off-the-books business, then the State can't leech your profits and use them to fund your competitors.
You assume everything from an American model. And the notion that you won't have competitors, white, grey and black market just because you are black market, is naive. Your white market competitors will be the first one sending the state to shut you down. Everyone in business, understands that you're either growing/scaling, or you are losing market share. There is no standing still. The market is not static.
If you find something evil that wobbles, push it. - Gary North
You could invest in illegal narcotics, then you don't have any white market competitors, and all of your earnings are off the books. Of course there would be some added risk in going that route....
I wouldn't mind being in your shoes though. With that kind of money you have the option of going wherever you want to live, finding the freest, least taxed country you can. Personally, I'm planning on buying apartments for more favorable tax advantages later when prices collapse. Granted, your still paying tax money that way, but it's considerably less than the 38% (or whatever the current top bracket is) I am paying at the moment.
Libertarians are the last people you want to ask on how to spend other people's money.
Spend it on something you like or have knowledge about. Students will want to hear about how to become successful so host seminars at campuses and introduce Mises to them. I don't believe counter-economics will work to change the future.
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