Marc Lore, former CEO of Walmart’s U.S. e-commerce, co-founder of Quidsi and Jet.com and co-owner of the Minnesota Timberwolves and Minnesota Lynx, has a brand new ardour. Lore needs to create a Utopian metropolis someplace in America. Town is known as Telosa and Lore has aspirations of transferring 50,000 folks there by 2030.
Telosa’s web site calls the undertaking “Making a extra equitable and sustainable future.”
The plan is to construct this metropolis within the American West desert or Appalachia, and USA At this time studies the imaginative and prescient for the town entails an amalgam of equality and capitalism.
Dubbed “Equitism,” Lore characterised this reformed model by asking, “What when you may pay the identical taxes that you simply pay as we speak however get the very best social companies of any nation on this planet?”
Within the web site’s video, Lore described the town as “Numerous as New York Metropolis mixed with effectivity, security and cleanliness of Tokyo mixed with the social companies, the sustainability and the governance mannequin of Stockholm.”
Telosa permits the town’s residents to construct and promote their very own properties and the town retains possession of the land.
Whereas wandering the streets of Telosa, one would spot autonomous autos, a high-speed rail system and the beacon of the town, a futuristic skyscraper named Equitism Tower.
The web site says recent water might be saved, cleaned and reused on-site, renewable sources will energy the town and the atmosphere will at all times be a precedence.
When it’s all mentioned and performed, Telosa’s whole price is predicted to be over $400 billion. If all goes based on plan, the land’s value may eclipse $1 trillion.
Anybody who needs to be among the many first 50,000 settlers of Telosa will must be chosen by means of an software. The choice course of has but to be determined.