3 ms·
While I'm not here to defend the article there are plenty of low taxation countries with a very high standard of living. There's a reason why a lot of sports s
by brc 16y ago
While I'm not here to defend the article there are plenty of low taxation countries with a very high standard of living. There's a reason why a lot of sports stars move to places like Monaco. And that's not the only example - there are plenty of places accommodating to rich individuals.
- fab13n 16y agoMonaco is a nice place to spend your wealth, but it's a poor place to produce wealth. No real estate (not at a realistic price anyway), no skilled workforce except in fiscal optimization (although they might call themselves bankers), no natural resources. Wealth-producing countries tolerate Monaco because it's too tiny for its parasitism to produce big effects. De Gaulle threatened to close Monaco off with a blocus, unless it stopped welcoming French taxpayers. Needless to say, the prince complied immediately.