The Scandinavian Kingdom of Icoland is a colossal, genial nation, remarkable for its smutty television, complete lack of prisons, and punitive income tax rates. The compassionate, democratic population of 5.568 billion Icolandians love a good election, and the government gives them plenty of them. Universities tend to be full of students debating the merits of various civil and political rights, while businesses are tightly regulated and the wealthy viewed with suspicion.

The enormous government prioritizes Education, with Industry, Environment, and Healthcare also on the agenda. It meets to discuss matters of state in the capital city of Östreinsburg. The average income tax rate is 95.8%.

The frighteningly efficient Icolandian economy, worth 792 trillion Icoes a year, is quite specialized and led by the Information Technology industry, with significant contributions from Tourism, Book Publishing, and Basket Weaving. State-owned companies are common. Average income is an impressive 142,351 Icoes, and distributed extremely evenly, with little difference between the richest and poorest citizens.

Town nameplates frequently raise giggles from passing tourists, freedom is never freely given — only when the alternative is too expensive, arguments about toilet seats being left up or down get surprisingly heated, and couples kissing on the street are detained for 'unlawful exchange of genetic material'. Crime is totally unknown, thanks to a capable police force and progressive social policies in education and welfare. Icoland's national animal is the Orca, which frolics freely in the nation's sparkling oceans.

Icoland is ranked 179,222^nd in the world and 905^th in Europe for Largest Gambling Industry, scoring 44.42 on the Kelly Criterion Productivity Index.