Response To Murf’s Rebuttal On The Budget

My dear friend Murf has made several excellent arguments and it has taken me a bit of time along with writing my other articles to be formulate good replies to each statement, here is my response.

Murf said, “I have made my fictional budget for year 2035 and so I am assuming that there will not be any major revenue stream from LLD or LLM, but I am open to being wrong about this if anyone has info about those programs that show otherwise.”

My response, according to memory the president the 70 million LLM pool will not dry up until around the year 2060, please don’t quote me on the exact year but I know it is many years past 2035 and that the price of LLM is supposed to increase gradually overtime so revenues will still be coming in from LLM in 2035.

Murf said, “I have not seen anything that shows there are yearly recurring fees charged to businesses by LL. As far as I understand it, it is either 100 or 500 euros for one-time business registration.”

My response, according to the Liberland Company Law section 22, “Section 22 Registrar Fee

1. Each Company incorporated under this Law must pay an annual fee to the Registrar before 31 December of each year.

1. The fee shall be:

A. Proportional to the Company’s size and classification; and

B. Published in an annually reviewed Fee Schedule issued by the Registrar.

3. Companies failing to pay within 60 days shall receive a notice of non-compliance and may incur penalties or deregistration.
4. Deregistered Companies shall have six months to remedy the default or appeal, after which removal becomes permanent.

So yes Murf there is an annual company registration fee, formatting is off due to copy/paste not lining up exactly.

Murf said, “Liberland still has to make more money than they are paying LL govt employees to process the applications. I feel the rebuttal to this will be: And in answer to that, I would ask how is LL verifying that the person applying for a LL business is not part of a drug or human trafficking cartel? Or that they are not a wealthy person looking to launder money somehow? No physical human being from LL is going to look at the application? How about the IT guys that are getting paid to make and maintain that “automatic” system? IT guys still cost money and 500 euros is not a lot of employee hours.”

My response, the revenues from the business registration fees, court filing fees, and other processings to get items registered unto the blockchain like land titles, automobiles, boats, etc. should I would think offset any labor costs associated with the blockchain. There are people in Liberland that think the blockchain should also be privatized so they can also make that argument. I am still undecided on that topic but there is that argument that could be raised too.

Murf said, “I believe that, in general, a sovereign wealth fund has been a good thing. But, I believe for Wyoming’s fund and just investment fund managers in general have had an extremely easy time making money for themselves. The market always eventually goes up! If any of these fund managers make a bad call about when to enter an investment, and they pay too much and then go negative, all they have to do is wait it out. Their mistake will eventually fix itself and then become profitable and if they are only buying/selling a small % of the total fund on any given day, they can run a successful investment fund without extreme skill. BUT THE KEY IS THAT THE MARKET (in general) ALWAYS GOES UP.”

My response, this is what I would consider the bread and butter for Liberland in the future to be able to sustain itself on the interest income of its investments. I think a percentage of all revenues must go into the investment fund so no sticky fingers divert those funds away and Liberland has funding shortages in the future. Who knows maybe they could operate completely on investment interest income without needing anyone’s money in the future.