My country would be an parliamentary monarchy. The monarch (originally me) would rule for life, until he stepped down, or forfeited his power through extralegal actions. After each monarch's rule, a new monarch would be elected by the popular vote of all citizens. The monarch would have supreme executive authority within the bounds of the laws of the state. The legislature (Parliament) would make all the laws, but they would have to be approved by the monarch. If a law was not apporved by the monarch, his decision could be overturned by a 2/3 majority of Parliament. Parliament would consist of members from the different regions elected every 4 years. The number of members from each region woul dbe determined by the population of that region to better represent the needs and wants of the people of that region. If the monarch oversteps his bounds, he may be removed through a 2/3 voted of the legislature and a simple majority of the people.
The economy structure of the state would be capitalism with socialist principles. Tax rates would be significantly higher for those who made more money, with no cap on taxable income, and that revenue would be redistributed through the community through either direct relief or domestic programs such as free health care and education. In other words, people who work harder will be more well off, but not so much as anyone in my state will suffer from poverty. By living in my country you agree, whether openly or tacitly, that no man will suffer at the expense of another's luxury and leisure.
Everyone must attend college and every man must serve in the military (women optional) for one year minimum.
Everyone eligible must vote. At 16 you become eligible to take an exam on the history of government and current affairs to win your right to vote. At 18, you must take the exam. If you fail, you take a course at the nearest university and you keep taking that test until your dumb ass passes it. There will be no ignorance on my island.
There will also be no drugs. My society will flourish. It will not waste itself away with the inane and fleeting pleasures of any drug. All imports will be throughly inspected because I will not have a pussy-passive system like the U.S. does.
Everyone wil lbe happy. Why? Because they have a say in government, no one is suffering, and their rights are protected.
The name of my island will be "No Bullshitland."