Securitize Citizenship!

The author proposes giving every US citizen an extra, transferable passport that could be sold to would-be immigrants, with markets setting prices based on how well the country is governed. The idea is that the combined value of all passports would equal the capitalized value of the government, so poor trade or tax policy would lower passport prices and pressure leaders through citizen-shareholders. The post also suggests that unmonetizable policies, such as those on abortion or environmental issues, would gain a visible cost, and in a far-fetched scenario, well-run countries could take over poorly run ones by buying their passports.