Monaco 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 exc

Monaco 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.