How an Isolated Valley Became the World's Richest Country
ฝัง
- เผยแพร่เมื่อ 15 มิ.ย. 2024
- Play World of Tanks here: tanks.ly/3YEhhRZ
Thank you World of Tanks for sponsoring this video.
During registration use the code TANKMANIA to get for free:
-7 Days Premium Account
-250k credits
-Premium Tank Excelsior (Tier 5)
-3 rental tanks for 10 battles each: Tiger 131 (Tier 6), Cromwell B (Tier 6), and T34-85M (Tier 6)
The promo code is only for new players during registration.
Have you ever heard of Liechtenstein, the tiny Alpine principality? Despite its small size and remote location, it has managed to become one of the wealthiest countries in the world, with a staggering GDP per capita of $170,000 and an extremely high standard of living. But it's not exactly clear how this was achieved. From its humble beginnings as a poor and isolated valley of farmers, Liechtenstein faced numerous challenges to its development, from its harsh geography to its central location, which got it caught up in the tumultuous History of Europe. So this begs the question, how did Liechtenstein get so incredibly rich?
- Contents of this video --------------------------------
00:00 - Liechtenstein’s Economy
00:53 - The Second Richest Country in the World
02:54 - Why Liechtenstein Was Poor
04:59 - Economic Union with Switzerland
08:42 - Economic Miracle
15:47 - Liechtenstein Today
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
CASUAL SCHOLAR IS MADE POSSIBLE BY OUR PATREON COMMUNITY!
Support the channel by becoming a Patron today! 👉 / casualscholar
The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:
Talon Hickey, Hayden Haun, Emmanuel Fredenrich, Pulaski, Adrian Willenbücher, Hallucination
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- Sources used ---------------------------------------------
Liechtenstein: a modern history by Beattie, David
Secrets of the seven smallest states of Europe : Andorra, Liechtenstein, Luxembourg, Malta, Monaco, San Marino, and Vatican City by Eccardt, Thomas M
www.heritage.org/index/countr...
www.businessinsider.com/liech...
www.economist.com/1843/2019/0...
www.cia.gov/the-world-factboo...
www.liechtensteinusa.org/page...
www.britannica.com/place/Liec...
www.latimes.com/archives/la-x...
www.liechtenstein-institut.li/application/files/4315/7435/2841/LIAP_049.pdf
#Liechtenstein #LiechtensteinEconomy #LiechtensteinHistory #Economics #CasualScholar #History
Play World of Tanks here: tanks.ly/3YEhhRZ
Thank you World of Tanks for sponsoring this video.
During registration use the code TANKMANIA to get for free:
-7 Days Premium Account
-250k credits
-Premium Tank Excelsior (Tier 5)
-3 rental tanks for 10 battles each: Tiger 131 (Tier 6), Cromwell B (Tier 6), and T34-85M (Tier 6)
The promo code is only for new players during registration.
When is that Argentina video supposed to come out?
Pàaa
no 🤯
Honestly one of the funniest promo's I've ever heard
I think we aleady knew that!
"Unemployment is barely above 1%"
Imagine the whole country knowing which 400 people don't have jobs lol
Lol
Oh my. That never occurred to me. It's a fairly disturbing thought.
I wonder if that 1% might actually represent the disabled population in Liechtenstein
@@RobespierreThePoof no because disabled people aren't part of the total working force so they're out of the equation...
The rest supply the others with sniff 🤧
most likely young adults trying to find jobs but don't have enough CV lines for manufacturing positions, which seems to be a lot of in said country?
Tax haven. There. Saved you 17 minutes.
Hate it when rich people hide from paying their fair share of taxes😡
@@tauceti8060 I dont think being rich is a requirement to have your banking done in Lichtenstein. Im pretty sure you could open up a bank there yourself. Quit yer yappin
Thanks for the time save.
literally, if any country is wealthy, but particularly if it is small, you have 2 guesses to cover literally all of them
1) Tax haven
2) Oil economy
@@HeavyMetalorRockfan9 they are basically the only ways a country can become rich, what is not always possible with oil. Tiny countries just have to take the "tax-heaven" very seriously to survive, and also Liechtenstein makes much of the dental equipments of the hole world, as he said in the video, so Liechtenstein is not just a "tax heaven"
When your country is the size of Liechtenstein even the corner shop needs to think internationally. Liechtenstein is a fascinating place. Thanks for covering it.
LIECHTENSTEIN is just a lazy rip off of Switzerland.
May Allah protect and guide you to his light and happiness in this life and the hereafter, God bless, Ameen. Excuse me for giving a little presentation of Islam, because it is very misunderstood nowadays, especially on those « Antichrist's » times, where media and politics are mixed to distort history and truth. And terrorists (puppets of the Antichrist) who misinterpret verses, out of ignorance and political motivations, and take them out of historical context (just like radical atheists do by the way) don't help either. Thank you very much for your time.
First of all, if you have any questions regarding Islam and yourself, just open the Quran randomly, and you will find the answer in front of you, like a miracle and a sign from God.
Islam is an arabic word that means the Surrender to the One and Only God, our Creator, Protector, Provider, who gives us life and all that we have, we are safe and sound by his will and grace, we are His and to Him we return, and we have to thank him in this trial life by submitting to him by our free will, or later in the Day of judgment when it's too late to save our own skin. Islam was the original Religion descended to earth from heaven with Adam and Eve (peace and blessing be upon them) in the beginning of humanity. and was passed to people with the succession of the 124 000 prophets and 315 messengers of God to all nations and civilizations since, passing by Noah, Abraham, Isaac, Jacob, Ismaël, Joseph, Moses, Aaron, Joshua, David, Solomon and Jesus (Peace and blessing be upon them) during the history of mankind, the last replaces and completes the previous, until the succession of the last messenger of God fourteen centuries ago, Muhammad (Peace and blessing be upon him) to complete the noble morals of all mankind, to bring humans and jinns out of darkness into light, and to purify people's religion and belief from corruption and polytheism, and return it to purity and true monotheism, like it was in the times of the prophets (Peace and blessing be upon them).
Many Religions that we know nowadays, at their beginning were true and under Islam, initiated by one of the prophets of God, but their original teachings, history and scriptures have been corrupted over time with falsification and polytheism, or lost and replaced with false ones. That's why Islam is the only Religion accepted by God nowadays, which consists in bearing witness that there is no god besides Allah (God in Aramaic, the original language of Jesus and the Gospel), and that Muhammad is His servant and messenger, just like Jesus and Moses and others are His servants and messengers. Never a messenger of God said he was God or literally son of God, it was the people after him who changed the words of God and corrupted the Religion. God is unique and absolute, He does not need to have a family and sons or to associate anyone else with His kingdom, He can simply create whatever He wants, everything belongs to Him, and to Him everything will return. Allah said in Surah Al-Mu’minun : “God has never begotten a son, nor is there any god besides Him. Otherwise, each god would have taken away what it has created, and some of them would have gained supremacy over others. Glory be to God, far beyond what they describe. The Knower of the hidden and the manifest. He is exalted, far above what they associate. (91-92 / Translated by ITANI).
Allah means the one and only God, the God of all prophets and creatures, the creator of the universe and mankind, and the Master of the Day of judgment, where our destiny, Hell or Paradise, is decided based on our faith and deeds in this trial life, and above all, Allah's mercy.
Allah said in Surah Al-Ikhlas : In the name of God, the Gracious, the Merciful.
Say, “He is God, the One. God, the Absolute. He begets not, nor was He begotten. And there is none comparable to Him.” (1-4 / Translated by ITANI).
Allah said in Surah An-Nisa : O FOLLOWERS of the Gospel! Do not overstep the bounds [of truth] in your religious beliefs, and do not say of God anything but the truth. The Christ Jesus, son of Mary, was but God's Apostle - [the fulfilment of] His promise which He had conveyed unto Mary - and a soul created by Him. Believe, then, in God and His apostles, and do not say, "[God is] a trinity". Desist [from this assertion] for your own good. God is but One God; utterly remote is He, in His glory, from having a son: unto Him belongs all that is in the heavens and all that is on earth; and none is as worthy of trust as God. Never did the Christ feel too proud to be God's servant, nor do the angels who are near unto Him. And those who feel too proud to serve Him and glory in their arrogance [should know that on Judgment Day] He will gather them all unto Himself: (171-172 / Translated by Muhammad Asad).
Allah the Most Merciful said in Surah Ali-Imran : Behold, the only [true] religion in the sight of God is [man's] self-surrender unto Him; and those who were vouchsafed revelation aforetime took, out of mutual jealousy, to divergent views [on this point] only after knowledge [thereof] had come unto them. But as for him who denies the truth of God's messages - behold, God is swift in reckoning!
Thus, [O Prophet,] if they argue with thee, say, "I have surrendered my whole being unto God, and [so have] all who follow me!" - and ask those who have been vouchsafed revelation aforetime, as well as all unlettered people, "Have you [too] surrendered yourselves unto Him?" And if they surrender themselves unto Him, they are on the right path; but if they turn away - behold, thy duty is no more than to deliver the message: for God sees all that is in [the hearts of] His creatures.
Verily, as for those who deny the truth of God's messages, and slay the prophets against all right, and slay people who enjoin equity - announce unto them a grievous chastisement.
It is they whose works shall come to nought both in this world and in the life to come; and they shall have none to succour them.
(19-22 / Translated by Muhammad Asad)..
God said : Say, “We believe in Allah, and in what was revealed to us, and in what was revealed to Abraham, and Ishmael, and Isaac, and Jacob, and the Patriarchs, and in what was given to Moses and Jesus, and in what was given to the prophets from their Lord. We do not differentiate between any of them. And to Him, we surrender.”
(2:136 / Translated by Community)
Salam (Peace) -------------------
It's mind-boggling that Brooklyn, NY and Liechtenstein are roughly the same size by land area, yet while Liechtenstein has a population of around 38,000, Brooklyn has over 2.7 million!
Thanos was right 😂
im from a island called Guernsey in the English Channel which is nearly 3 times as small but we have a population of 65 thousand.
Is Guernsey part of England ? I’m always asking this question and I’m facinated on the island
@@jmgonzaga101 yes part of uk
@@maybe-arch Guernsey isn't part of the UK, it is a Crown Dependency.
Visited Liechtenstein this summer really just to say I’d been there, but it really is beautiful. Vaduz is a small and quiet town surrounded by beautiful mountains and rolling green hills. Walking across the bridge into Switzerland after leaving was magical.
I did the exact same thing! Also went up into the hills above Vaduz - gorgeous landscapes there too
@@fabadabean I wish I’d gone up to the castle but I just had brunch at a Vaduz cafe and went up into Appenzell Switzerland
Was it expensive?
@@ondebonde No!🙄
How could it not be expensive, like how much for a 3/4 star hotel, average lunch or dinner?
Main reasons:
- tax haven
- highly specialized manufacturing
- tax haven
- well run government
- tax haven
Would be interesting to see how well they do if they got rid of being a tax dodge.
Interesting choice of words. Tax dodge. If creative accounting is done legally on an international level it is not a tax dodge, it's good business provided the company does not receive Liechtenstein sourced income. Then they're taxed. Works well.
"creative accounting" is code for bullshit.
"legally on an international level" is a nebulous notion.
"good business" for who?
@@robertmcnamara5407
Well... it's not that country to have low taxes are the others to have stupidly high ones just to fuel wars and suffering, corruption etc...
basically a tiny Switzerland
@@radidov5333 It could be Switzerland's swiss , matter of fact swiss people are forbidden to use some financial stuff of Leichtenstein
I had the privilege of meeting Hereditary Prince Alois when I was a kid in the 90s. His family was invested in a business my mother worked at and she was the VPs secretary, I had gone to work with mom that day because it was my birthday and I had the day off school for some reason (teacher training or something). Anyway, he is a very nice person, like not just passing courtesy but he went out of his way to tell me happy birthday and asked about my plans. For a 6 or 7 year old kid, yeah 10/10 experience. I think I told him he sounded like Arnold Schwarzenegger now that I think about it...
Fun story. The European royals who still exist really specialize in positive interactions with the public. They see it as one of their primary roles and many know that if they fall at this, it could mean the end of their monarchy. It's probably also easier to be courteous if you have no financial worries in life and raised to recognize that your privilege comes with responsibilities - something the nouveau riche often lack.
@@RobespierreThePoof the lord of Lichtenstein is (apart from the Pope, if seen as monarch) the only European noble that still holds and uses effective powers in the country.
@@florianmaier104 Monaco?
@@florianmaier104 Principality of Monaco and Grand Duke of Luxembourg
There are regular parties in Liechtenstein where you can chat with the princely family. Without prior registration, and also as a foreigner/tourist. That is quite normal there.
Note: GDP per capita is inflated if workers are not resident in Liechtenstein, because per capita GDP is calculated by dividing GDP by the population. Still a very rich country.
Yeah these sorts of clickbait videos always kind of bug me since they're extremely misleading and because they make people think it's a gameplan other countries could follow. Lichtenstein is mainly wealthy for being a tax haven right next door to Switzerland, France, and Germany and despite "technically" having a GDP per capita of $180k the real average wage in the country is closer to $70k. Still high but it's lower than some US states. Lichtenstein is wealthier than most tax havens but that's a common problem with many of them.
@@arthas640 France and Germany doesn't have a GDP per Capita over $100k. Also it's not clickbait, it is true that if you measure the country with GDP per Capita then it'll be one of the richest in the world. If you want to account for the status of citizenship of the people working in Liechtenstein, use the metric called GNP (Gross National Product) then per capita it is or was actually the richest in the world according to 1998 World Bank data.
The only thing I would say is for the casual visitor it has long since lost much of the quaint surroundings and beautiful old buildings with painted facades and wood shingle that I remember with such joy from my childhood. Vaduz in particular feels horribly bleak with ill thought out pedestrianisation and a devotion to strange cube architecture! As a place to do business though it’s great and if you push up into the mountains some of the walks are spectacular, the three sisters is a favourite with wonderful views.
May Allah protect and guide you to his light and happiness in this life and the hereafter, God bless, Ameen. Excuse me for giving a little presentation of Islam, because it is very misunderstood nowadays, especially on those « Antichrist's » times, where media and politics are mixed to distort history and truth. And terrorists (puppets of the Antichrist) who misinterpret verses, out of ignorance and political motivations, and take them out of historical context (just like radical atheists do by the way) don't help either. Thank you very much for your time.
First of all, if you have any questions regarding Islam and yourself, just open the Quran randomly, and you will find the answer in front of you, like a miracle and a sign from God.
Islam is an arabic word that means the Surrender to the One and Only God, our Creator, Protector, Provider, who gives us life and all that we have, we are safe and sound by his will and grace, we are His and to Him we return, and we have to thank him in this trial life by submitting to him by our free will, or later in the Day of judgment when it's too late to save our own skin. Islam was the original Religion descended to earth from heaven with Adam and Eve (peace and blessing be upon them) in the beginning of humanity. and was passed to people with the succession of the 124 000 prophets and 315 messengers of God to all nations and civilizations since, passing by Noah, Abraham, Isaac, Jacob, Ismaël, Joseph, Moses, Aaron, Joshua, David, Solomon and Jesus (Peace and blessing be upon them) during the history of mankind, the last replaces and completes the previous, until the succession of the last messenger of God fourteen centuries ago, Muhammad (Peace and blessing be upon him) to complete the noble morals of all mankind, to bring humans and jinns out of darkness into light, and to purify people's religion and belief from corruption and polytheism, and return it to purity and true monotheism, like it was in the times of the prophets (Peace and blessing be upon them).
Many Religions that we know nowadays, at their beginning were true and under Islam, initiated by one of the prophets of God, but their original teachings, history and scriptures have been corrupted over time with falsification and polytheism, or lost and replaced with false ones. That's why Islam is the only Religion accepted by God nowadays, which consists in bearing witness that there is no god besides Allah (God in Aramaic, the original language of Jesus and the Gospel), and that Muhammad is His servant and messenger, just like Jesus and Moses and others are His servants and messengers. Never a messenger of God said he was God or literally son of God, it was the people after him who changed the words of God and corrupted the Religion. God is unique and absolute, He does not need to have a family and sons or to associate anyone else with His kingdom, He can simply create whatever He wants, everything belongs to Him, and to Him everything will return. Allah said in Surah Al-Mu’minun : “God has never begotten a son, nor is there any god besides Him. Otherwise, each god would have taken away what it has created, and some of them would have gained supremacy over others. Glory be to God, far beyond what they describe. The Knower of the hidden and the manifest. He is exalted, far above what they associate. (91-92 / Translated by ITANI).
Allah means the one and only God, the God of all prophets and creatures, the creator of the universe and mankind, and the Master of the Day of judgment, where our destiny, Hell or Paradise, is decided based on our faith and deeds in this trial life, and above all, Allah's mercy.
Allah said in Surah Al-Ikhlas : In the name of God, the Gracious, the Merciful.
Say, “He is God, the One. God, the Absolute. He begets not, nor was He begotten. And there is none comparable to Him.” (1-4 / Translated by ITANI).
Allah said in Surah An-Nisa : O FOLLOWERS of the Gospel! Do not overstep the bounds [of truth] in your religious beliefs, and do not say of God anything but the truth. The Christ Jesus, son of Mary, was but God's Apostle - [the fulfilment of] His promise which He had conveyed unto Mary - and a soul created by Him. Believe, then, in God and His apostles, and do not say, "[God is] a trinity". Desist [from this assertion] for your own good. God is but One God; utterly remote is He, in His glory, from having a son: unto Him belongs all that is in the heavens and all that is on earth; and none is as worthy of trust as God. Never did the Christ feel too proud to be God's servant, nor do the angels who are near unto Him. And those who feel too proud to serve Him and glory in their arrogance [should know that on Judgment Day] He will gather them all unto Himself: (171-172 / Translated by Muhammad Asad).
Allah the Most Merciful said in Surah Ali-Imran : Behold, the only [true] religion in the sight of God is [man's] self-surrender unto Him; and those who were vouchsafed revelation aforetime took, out of mutual jealousy, to divergent views [on this point] only after knowledge [thereof] had come unto them. But as for him who denies the truth of God's messages - behold, God is swift in reckoning!
Thus, [O Prophet,] if they argue with thee, say, "I have surrendered my whole being unto God, and [so have] all who follow me!" - and ask those who have been vouchsafed revelation aforetime, as well as all unlettered people, "Have you [too] surrendered yourselves unto Him?" And if they surrender themselves unto Him, they are on the right path; but if they turn away - behold, thy duty is no more than to deliver the message: for God sees all that is in [the hearts of] His creatures.
Verily, as for those who deny the truth of God's messages, and slay the prophets against all right, and slay people who enjoin equity - announce unto them a grievous chastisement.
It is they whose works shall come to nought both in this world and in the life to come; and they shall have none to succour them.
(19-22 / Translated by Muhammad Asad)..
God said : Say, “We believe in Allah, and in what was revealed to us, and in what was revealed to Abraham, and Ishmael, and Isaac, and Jacob, and the Patriarchs, and in what was given to Moses and Jesus, and in what was given to the prophets from their Lord. We do not differentiate between any of them. And to Him, we surrender.”
(2:136 / Translated by Community)
Salam (Peace) -------------------
Ireland surprised me, once ravaged by the worst famine that drove 80 percent of its population to migrate ,a country that was one of the poorest in Europe to 4th richest
any country with small population and is somewhat ok in terms of corruption can just got for that low corporate tax. Especially efficient when bordering strong economies directly. just tax heaven "magic".
Another tax haven. Immigration will take Ireland now…
180 years later
Tax havens are a cheat code. Its a race to the bottom for small nations.
Are yoy sure about that? GDP is rising but have you seen what actually is in there?
I went to liechtenstein over summer, explored vaduz and the castle and went hiking. The views on the hike were absolutely stunning and the city seems so well run and polished despite being so tiny
I also visited last year and hiked border to border, whole country was beautiful and insanely clean. The people where also very friendly. Would love to go back.
to be clear... "despite" is used incorrectly here... to be well run and polished is literally the easiest part of the job when they are so tiny.
The upper Rhine River valley where Liechtenstein is situated is by no means isolated.
An old trade road from or leading to Italy runs through the valley. In the 19th century a railroad was added. The Zurich International Airport is nearby.
@Anno Kitsune International or Domestic?
So just like Dubai, Singapore, and Hong Kong. A small city state taking advantage of it's location between much larger economic juggernauts.
Dubai is actually an emirate and city in the United Arab Emirates
The company Hilti is located in Liechtenstein. It's so crazy that a multi-billion dollar global company like that could come out of such a tiny country!
TAX.
@@harryjohnston2870 It was founded in and grew out of Liechtenstein! Not some billion dollar company that moved there for tax purposes (although I'm sure they probably get some special treatment in that department)
@@wllywaliy said "It was founded in and grew out of Liechtenstein"
MOST companies are founded and grow in tax paradises from the beginning
Hilti great tools😊
So much gullibility. I guess that's how this guy is able to make his money too from padded-out You-Tube videos.
marvelous as always :)
Thank you so much Kraut :)
even thought World of Tanks ad on a video like this feels goofy, it is still much better than Masterworks or Established Titles
Yet it is the whole point of making the video: to be a revenue stream.
Wanted to see Liechtenstein for awhile now. When I was on Facebook I followed a skier from Liechtenstein who posted a lot of photos of her country. I'll get there someday.
Can u share her name?
One other factor that's not mentioned is simply that Liechtenstein did not border any state of the Holy Roman Empire other than Austria. The HRE was dissolved in 1806; after Napoleon was defeated in 1815, Prussia slowly began to emerge as an economic and military power, resulting in the founding of the German Empire in 1876 and effective annexation of the other German states. But Liechtenstein was and is separated from the nearest point of Bavaria by about 20 miles as the crow flies. THIS is the geographical oddity explaining why the country still exists.
1:00 notice! They had a Leonard DaVinci painting to sell. Who else can say that?
The "super rich" investing in its people actually works better than taking their money.
"Its people."
The only country in history to send its army to war and returned +1. With no casualties.
This is a myth
@@EkoFranko Religion is also
@@EkoFranko That's the beauty about myths
@@alonglostmemory1908 not related to the statement at all
Basically
Tiny factory for sophisticated equipments
Accounting department for multinationals
Tax Haven similar to Switzerland
Technically, liechtenstein is more a mountain ridge than valley, it is also not isolated being directly located at a swiss motorway which also has plenty exits to cross directly to austria where another highway runs
Damn I was hoping for a video about Luxembourg, but this is great too...
Thank you for another fantastic video. 👍
Thanks for the awesome content and great video!!!
Good video, positive topic, no drama, no hyperbolic title. Good quality positive information, love it, good work 😊👍
1/ Stay out of wars, except for sales revenue. 2/ Maintain a small population 3/ Accept managing as much money from anywhere and anyone (no questions asked) as you can.
a type of Delaware corporate address but not as shady as a cayman island address
Good research and presentation
thank you
Gorgeous country with gorgeous people 👍❤️
GREETINGS FROM SERBIA 🇷🇸❤️❤️❤️❤️❤️
Normal people, like everywhere else.
That’s 99.9% of the world
Thank you. I learned a lot. Now, I would like to visit there. Quite beautiful. Bravo.
Lichenstein, it is a truly beautiful country. Smart, thinking people.
Once again, Casual Scholar delivers another fantastic video! Very informative and entertaining!
It's not a great analysis, and it's full of baseless assumptions.
@@hevnervals 👎
@Footnote Society AGREED!
I think if you listen closely it is neither of those things. It's merely a vehicle for a revenue stream.
@@maxsonthonax1020 I beg to differ. The videos are well researched, educational and extremely well produced. If it were just a revenue stream he would be slapping them together and pumping them out every week. 🙄
In short : Lichtenschtein offers financial products and services in US and the EU.
That was not mentioned in the video as much as it should have !
Watched this video as a while back I had the bizarre experience of playing for the Prince of Lichtenstein’s stag do. One reason they may be so rich is it took us months to get paid by the best man, who naturally was a vintage Ferrari dealer….
"Free market" is a heck of a description for a tax dodge. They provided a way for companies to legally lie about their location in order to avoid paying their fair share of taxes. Liechtenstein was taking what amounts to a commission for facilitating immoral activity.
Kenneth Selin
2 days ago
SMART corruption-free POLITICS makes for A PROPEROUS NATION. Undoubtedly. :D Ken, Toronto, Canada
What a STUPID description. Do you really know what you are talking about?
Lmao
dodging taxes isn't immoral, and paying taxes isnt moral. They are amoral things. Also, objectively speaking, there is no such thing as "fair share of taxes".
Taxes are immoral
Maybe those companies were tired of people putting their hands in the companies' pants and grabbing the wallet. The governments should try to ease the tax burdens on everyone and keep taxes low. And the citizens should try to pay for goods and services individually instead of making everyone else. That is if we want to keep things fair.
Liechstenstein: The Delaware of the Alps!
I visited Liechtenstein in September 28 and found the country exciting and beautiful. On December 24 as part of my Winter Wonderland vacation I'll be visiting Liechtenstein again and 3 other countries around it.
Great Video, watched in college during a Break 😎😄
replies wont load, so im replying to myself lol (nope I still cannot see the other reply)
Fun fact: Lichtenstein doesn‘t have an army but sends their recruits to the swiss military for training. 😄 just don‘t ever get in a fight with big sister Helvetia 🇨🇭
Until a bad bank scandal in a Swiss bank in the early 1970's, Liechtenstein was known in Switzerland as "the Swiss bank of the Swisses themselves".
Very interesting. Great video
Could make a video about the steel industry of Luxembourg :)
This kinda shows to me that no matter a countries unfortunate situation it can still work well
except if they're in an ongoing war
Untill their tax Is zero and they leech on other countries, yes they can still work very well
Its actually more the opposite. If a country has a "fortunate" situation, like natural resources, that often causes more problems than it solves. Its called the resource curse. Discovering natural resources is pretty much only good for the population of a country as a whole, if the country is already an advanced economy and democracy. Such as Norway and Scotland. If a poor country discovers oil/gas/diamonds/gold it almost always ends in disaster.
@@Soff1859
Scotland is not rich.
@@Soff1859 democracy part isn't necessary, but transparency and lack of/reduced corruption is necessary. Other than that you're correct. Democracy is just another political system and not something special. How well any political system operate depends on the people that are part of it.
I'm definitely moving to liechtenstein any time from now.
The genius leader who started the foundation of it all is the key to this massive success.
Very well made video. Take my sub.
Glad you enjoyed! Welcome to the channel!
Before even watching the video... Liechtenstein is not a valley... It is located on the eastern bank of the river Rhein. So half a valley...
What a trick!
I feel more enraged then when i met a real girl who said she lived in the hood..
She was in fact. From the valley
now
Vacate in Atlanta, then she going back to Cali
Got your girl on my line, world on my line
The irony I fuck 'em at the same damn time
She eyeing me like a nigga don't exist
Girl, I know you want this dick
Girl, I'm Kendrick Lamar
Aka Benz is to me just a car
That mean your friends need to be up to a par
See my standards are pampered by threesomes tomorrow
Kill 'em all dead bodies in the hallway
Don't get involved listen what the crystal ball say
Halle Berry, hallelujah
Holla back i'll do ya
Beast
I love bad bitches that's my fuckin problem
And yeah I like to fuck I got a fuckin problem
I love bad bitches that's my fuckin problem
And yeah I like to fuck I got a fuckin problem
I love bad bitches that's my fuckin problem
And yeah I like to fuck I got a fuckin problem
If finding somebody real is your fuckin problem
Bring ya girls to the crib maybe we can solve it
Congratulations to this channel for NOT making an obnoxious clickbait title with words in all CAPS 😱
Great Info 😍
Funfact: Liechtenstein is home to one of the biggest Rollercoaster Manufactorers in the world.
Edit: forgot to add the name. It's Intamin, known for rides at Universal Studios, Phantasialand, Efteling, Six Flags and more
Without saying the name, it’s not fun at all. Boring
@@seanbryan1739 en.wikipedia.org/wiki/Intamin
Huh, I had no idea Intamin were based there.
@@seanbryan1739 Forgot! Intamin :)
@@MattCooperKay yea quite insane but also cool
Dont' stop Liechtensteining! As a live motto
Good summary!
I went deep into some of these large ski areas and maybe it was my own findings but visually, places like Andorra and Zermatt seem more developed in their tourist infrastructure. If anyone knows which mountains and accommodations are the best in Liechtenstein, feel free to share.
wonderful country.. as i watched the whole video, i got to understand that it has a lot of factors, ill try to enumerate some:
1) Less corrupt citizens
2) Less population is more manageable
3) Very discipline and articulate contributing
in innovation sector
4) tax haven
5) The system of governance is so good that neighboring countries commutes daily just to do businesses and even work under their system
6) non toxic competetive citizens
7) trustworthy high value citizens
and more...
meanwhile in my country, politicians and authorities are busy devouring the people thru corruption... corrupted heart is way more difficult to deal with and will result to different kind and deeper level of corruption, not just the shallow thing about money
This
The success or failure of almost any political system hinges on points 1, 6 and 7
this@@sasi5841
true
It's very odd how three of the smallest countries in Europe are also the wealthiest. So, how does one become a Liechtensteinian!
Liechtenstein is known for its XX thousands of „letterbox companies“ = tax haven
It’s very hard to get in and reside.
As a company,it’s easier.
And citizenship is extremely hard to obtain
I hope they are very selective with 'immigrants', the wrong kind destroys nations like the US, UK and france
Be a ski champion
It's not odd, it is logical. Were you not paying attention? TAX HAVEN.
WOW!!! Great History
The Swiss halo effect!
short answer: money laundry
i studied in Liechtenstein, can tell you one thing. Its one of the most boring places i've ever been to.
I've been there! Was wonderful!
These videos are great.
God bless the Western civilization !!!!
Very nice and informative show, thumbs up!
I enjoyed it...
Good for them.... but I have no intention even driving nearby the place anytime soon.... I'd rather spend my time at the Greek Islands forever....!
Sorry..
Liechtenstein's most important assets are its tax treaties with the US (and some others)
Great no comment👍👍👍👏👏👏🤚☝️👌🙏
Well when it went to war they gained a soilder
Its not true its a myth
@@natansecret8580 oh sad
@@natansecret8580 Same as religion?
The first thought that came to my mind: Tax haven
SHORTSIGHTED !!!
Apart from the machine voice over, it is an enjoyable and informative video.
In population terms one Liechtenstein dies in India every day.
Why does the thumbnail make Liechtenstein look like it's in a desert?
The Republic of Ireland soccer team once held Liechtenstein scoreless.
#Memories.
Pick on a country your own size
very meaningful video
America licking they chops like “hmm.. what’s our angle, how we getting that oil”?
Liechtenstein's royal family is the best example for other royals. They should love their state not their title.
@@hoppingrabbit9849 While outdated, there are some advantages. As for good examples, see most European monarchies, the Japanese emperor and the late Thai king Bhumibol Adulyadej.
@@hoppingrabbit9849 I'm living in a regal system. The bureaucracy means things get done quicker without red tape
@@apveening there is no such thing as an outdated political system.
@@sasi5841 You just failed English 101.
@@apveening elaborate further
I love Liechtenstein! it is my favorite country. Prince Hanns Adam II is an amazing man. His book "The State In The Third Millennium" changed my life.
Being small has a positive equity inside and outside of other countries.
Ability effective and accountable government.
I liked the older title. Still, good video.
Tax Haven.
many world leaders could take lessons from liechtenstein on keeping taxes low, investment inflowing and citizen wealth up! keep up the good work!
An astute & moronic analysis. 🤔
@@maxsonthonax1020moronic to say to invest and not waste money?😂
Liechtenstein uses our currency, the Swiss Franc.
Ah yes the Leichtenstein company concept of a "Stiftung" or an "Anstalt"...
Excellent health care and education financed by other nations' taxes. There is always some shady shit isn't there
Yup, miracles dont just happen
0:49 what do you mean by "Leonardo da Vinci's counterpart to the Mona Lisa..."
da Vinci MADE the Mona Lisa, what 'counterpart' is there?
Please look up the definition of counterpart😉
The painting “Ginevra de’ Binci” is another one of his works and is considered to be the Mona Lisa (the painting’s) counterpart.
Maybe you just didn’t understand it? So I’ll reword his words:
The counterpart to the Mona Lisa by Leonardo da Vinci
This conveys the same exact meaning
@@StripedJacket even if you add a phrase, for clarity, that it is by leonardo, it still wont make sense in a grammatical sense due to the usage of the word 'counterpart'.
Cant believe im going to have to go full grammar na - zi on this but he reason why this caught my attention is because normally when you attach the word 'counterpart' it is supposed to be comparative or a very literal mirror case of "the other side". You do not use the word 'counterpart' when there is no "other side" of the subject. For example, " The T-34 is the Russian Counterpart of the German Panzer 4."
In the case used in this video's opening, 'counterpart' references two painting that ARE BY THE SAME PERSON, da Vinci, which is an erroneous use of the word as there is no comparative function, there is "no other side". It doesnt answer thr question of what or whose is it the counterpart of. It just doesnt make sense to the way the word is used.
@@JosephJoboLicayan
coun·ter·part
/ˈkoun(t)ərˌpärt/ noun
1. a person or thing holding a position or performing a function that corresponds to that of another person or thing in another place.
With the definition it fits as this painting corresponds to the other. It doesn’t mean exact counter like you think it is lol
The painting is the counterpart/corresponds to the Mona Lisa (another painting) since they’re both made by Leonardo
Counterpart: Partnering or sequel?? 🤷🏼♀️
"Have we passed through Liechtenstien yet?""Did you blink?'. Than you miised it.
Besides lucky enough to be near Switzerland and the right courses of action, it looks like the Prince or the King at that time is not corrupt and donates his assets to save his country.
I am actually doing a research assignment for this country for a college class. Does anyone have any good books about Lichtenstein that arent extremely expensive?
use your college databases
@@DaShooter12 I checked there, they don’t have any real books. I need at least two real books. I don’t have to have the physics copy of it, but it needs to exist as a book
@@owen2886 go to a library and ask the librarian. Their job is literally to help with research
I suggest you check the CIA World Factbook.
Great place to visit for a day and leave immediately the day after.
I prefer the even smaller tiny Duchy of Grand Fenwick from the two hilarious movies "The Mouse That Roared" and "The Mouse on the Moon" those movies are brilliant satires.
Dubai is following similar policy. I wonder why the big neighbors did not sanction companies using smaller countries as tax heavens ?
In addition, the bribes and cash circulating are enormous in Monaco and this is not officially recorded. I left Paris to work as a waiter and I received enormous sums in tips thanks to billionaires that I would never have met in Liechtenstein...Monaco is immensely rich officially and unofficially even more so!
Very interesting. Compare this against Luxembourg and The Netherlands in this order.
And to be complete, feel free to also include Belgium for any reason you think is fun.. Uhm, right.
To be fair, it's the story of most successful tax heavens. The idea is always the same, the success often depends on the location.
It's almost as if it better to keep government small and decentralized.
Please CHECK what a "tax heaven" is (perhaps consult OECD - if you know what that means - which I doubt LOL).
@@gd8407 Most definitions of a tax haven agree with me, please open a dictionary before trying to act with condescension, maybe you'll seem less ridiculous. The OECD made up definition, lost all credibility for almost everyone after it was pointed that in 2017 only Trinidad and Tobago met their criteria anymore.
So get over it, I don't know if you were triggered because you live in Liechtenstein or something, but that country can clearly be considered a tax haven. No matter how you feel about it.
@@xenotypos Bro I think he's just highlighting how you wrote tax heaven and instead of tax haven.
Being a tiny country in the EU surrounded by wealthy countries and large economies with high taxes helps a lot.
1:07 Just a quick googling gave me 10 countries without a public debt.
I don't really see how a country's size makes it less corrupt, or its politics more efficient. It's not like counties in larger countries aren't corrupt or mismanaged.
I mean it seems pretty simple why it would be less corrupt
@@NiceGuyMarek It's not simple. Such things are multifacated. There are cultural and historical factors as well
@Marek Maisonneuve Why is Iceland more corrupt than Germany? Iceland has a population of 370 000. I don't have the answers, but neither does Casual Scholar.
Question: do you as fahter manage your family with 2 children better or less than with 12 kids? Once you find the answer you will see what I am talking about.
@@gd8407 Not applicable. It's a scalable bureaucracy that scales with the population size. There’s also decentralisation. Big countries have regional governments the size of small countries.
Having Austria and Switzerland as neighbours makes them instantly rich.
Imagine going over your neigbours for a cup of sugar they give you,
A gilded mug of hot drinking choclate and a swiss bank account
can you make one of these videos on switzerland please
lets be honest the only reason this country is untouched is cuz it make it easy for everyone to launder there money easily
LOL, do you have other silly jokes?
A nice way to picture a tax haven 😄