Paypal Founder Invests $1.25 Million to Create Floating Libertarian Habitat

Billionaires with more money than they know what to do with are flocking to a company known as Seasteading Institute to get in on the ground floor, so to speak, on building floating countries (oil-platform-like structures) where they can exercise their Libertarian rights such as no socialist policies, no gun control and no federal taxes.

Wow, that's a great idea. Throw a bunch of billionaires into a tiny space, give them plenty of weapons and watch them try to govern themselves. They'd be at each other's throats faster than dingoes on an antelope.