Billionaires have the right to be eccentric .....

we talk the same way, we are called stark raving crazy.   Castles in the air, literally.  Great imagination, I'll give him that.

PayPal-founder Peter Thiel was so inspired by Atlas Shrugged - Ayn Rand's novel about free-market capitalism - that he's trying to make its title a reality.

The Silicon Valley billionaire has funnelled $1.25 million to the Seasteading Institute, an organization that aspires to launch a floating colony into international waters, freeing them and like-minded thinkers to live by Libertarian ideals.

Mr Thiel recently told Details magazine that: 'The United States Constitution had things you could do at the beginning that you couldn't do later. So the question is, can you go back to the beginning of things? How do you start over?'

The floating sovereign nations that Thiel imagines would be built on oil-rig-like platforms anchored in areas free of regulation, laws, and moral conventions.

The Seasteading Institute says it will 'give people the freedom to choose the government they want instead of being stuck with the government they get.'

The venture capitalist who famously helped Facebook expand beyond the Harvard campus, Mr Thiel called seasteading an 'open a frontier for experimenting with new ideas for government.'

After making his first investment in the project in 2008, Mr Thiel said: 'Decades from now, those looking back at the start of the century will understand that Seasteading was an obvious step towards encouraging the development of more efficient, practical public sector models around the world..........

h/t: Irene