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.O'Connell Ronan Australia's oldest micronation, Hutt River is no more thanks to Covid-19 https://www.cnn.com/travel/article/australia-micronation-hutt-river-principality/index.html 9 February 2021 CNN en References