Pick a US State to Never Leave In Exchange for a Payout (with penalties): What’s the State and What’s the #?
Let’s say you’re made an offer to pick a US state in which to live but never leave without penalties, and you can name your price. Could be a million bucks, could be $10 million, could be “$1, Bob!”.
You get that amount up-front, tax-free. You can spend it however you wish, but if you ever leave that state, you have to repay 3% of that figure each day you are gone, plus your expenditures (which are capped; see below).
What’s your state, and what’s your bottom #?
It would be easy to say 1,000,000,000,000,000.00, but that’s not really the point.
Some small caveats to prevent cheating:
- If you leave the state, you can take things like clothes, toiletries, meds, reasonable electronics. Ya know, what a reasonable person may take on a vacation. You can’t take your yacht or luxury motorhome — gotta rent those.
- When you leave the state, you have a $1,000 per day spending cap (still comes out of your own wallet, though), excluding airfare, for the trip as a whole. So you wanna go to Europe for 2 weeks? You cannot spend more than $14k during the trip, excluding airfare.
What’s your state of choice, and what’s your bottom #, realistically? Would love to hear the “why” behind your decision…