Micronations/Economics

Income

A means to generate income to cover operational costs is critical to the operation of any state. While recognized nations have a variety of tools at their disposal for this purpose, most Micronations lack the ability to tax a substantial number of citizens.

The Principality of the Hutt River had an economy based on tourism, and when COVID-19 decimated that industry, the micronation fell with it.^[1]

References

↑ O'Connell, Ronan. "Australia's oldest micronation, Hutt River is no more thanks to Covid-19" (in en). CNN. https://www.cnn.com/travel/article/australia-micronation-hutt-river-principality/index.html.

[1] O'Connell, Ronan. "Australia's oldest micronation, Hutt River is no more thanks to Covid-19" (in en). CNN. https://www.cnn.com/travel/article/australia-micronation-hutt-river-principality/index.html.

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