Why do some microstates, especially those in Europe, tend to be immensely wealthy? e.g. Monaco, Singapore, San Marino

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Why do some microstates, especially those in Europe, tend to be immensely wealthy? e.g. Monaco, Singapore, San Marino

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Anonymous 0 Comments

It’s a late 20th century phenomenon in Europe. They became tax havens. Billionaires and millionaires can hide their money there and still visit it ( if necessary) easily. They are safe from invasion and have stable governments.

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