Imagine a place that is 60 percent multiracial, 20 percent black, and 20 percent White, but where 1.9 percent of the population lives in poverty, where there is a 4 percent unemployment rate, where there are more businesses than people, and which has achieved the 17th highest GDP per capita in the world in spite of “the legacy of slavery,” and being only 586 miles from Haiti.
Unlike Haiti, where 72.2 percent of the population lives in poverty and 54.7 percent of the population lives in extreme poverty, and which has a 40 percent unemployment rate, imagine a place which rejected abolition, black supremacy, independence, and communism (in the case of Cuba), and instead of exterminating Whites and banning foreign investment, decided it was better off to remain colonized under the British Crown, fervently embrace foreign investment, and implement all kinds of crazy rightwing ideas like abolishing the income tax, capital gains tax, and other corporate taxes.
Hail the Cayman Islands!
Note: The wealth that is stashed away in the Cayman Islands, Bermuda, and the Bahamas isn’t being generated there by the natives, but the same is true of Florida and Texas which don’t have a state income tax and which have benefited from the fiscal decline of New York and Illinois. Like Florida, the Caymans, Bermuda, and the Bahamas have also taken full advantage of tourism.