How Monaco Became the Richest Country in the World

How Monaco Became the Richest Country in the World #shorts

[@NickAndriadze]

A dwarf nation becoming so rich that it completely disables taxes, making it perfect for rich people to move in, in turn making the nation even richer is honestly an ingenious tactic.

[@kiki_ci3880]

Yes but i hope the native people are okay with that and able to live comfortably.

[@Flowerchi222]

It seems to have started off innocently. Sort of like insurance.

[@user-cd6dd3ye8k]

@@kiki_ci3880 Uh...depends on how you view it. Most of the "natives" are not ultra wealthy. Because like most of the world, the vast majority of the common/average man is common/average. So when the elite of the globe swarm into the nation, the normals get pushed out. Gentifrication on steroids as you will. Its not malice (at least, its not needed). Just the nature of economics and market forces. That said, when you can more more money mopping a multi milionaire's yacht for a day than most Frenchies can earn in week, its not that bad a deal. Except it most definitely an unequal society and the average native is basically pushed out of Monaco proper anyway.

[@iheartcryptoverse2857]

​@kiki_ci3880 It's OK. The rich ate them.

[@chadgrov]

The only wrinkle is that kinda only works in Dwarf nations with an unexpectedly generous monarchy lol. never see England do that shit.

[@robkahl9566]

I was almost run over by a Lamborghini there...what a way to go..

[@siriusman6169]

😂😂😂😂😂 really

[@Liam-rl3ed]

These worse ways to die, at least your loved ones would be set for life 😂

[@MissJellybean]

I had such a wonderful time in Monaco, just please remember if you go the casino is not like Las Vegas casinos. You dress in evening wear and you are not loud in any way. It's about quiet elegance. They will kick you out if you're being too loud or or not let you in if you're just in jeans and T-shirts. Dress like you belong there. Also Jacques Cousteau has an aquarium there which is very cool.

[@stefanmandic3447]

Oh my. I love this. It would never cross my mind

[@doctorpanigrahi9975]

You don't sound American.

[@twigcapra.]

So no black people? Awesome!!

[@Spartan-jg4bf]

​@@twigcapra.🤡🤡🤡🤡

[@FrogWalrus]

@@twigcapra. same thing that makes UAE great.

[@JPWillson]

So, yeah, it's both for the first named reasons AND it started with that casino Plus casinos are some of the Top ways for money laundering, so that wealthy people clearly moved to Monaco for something more than games

[@TheTaygan]

Trust me only morons with launder money in Monaco. It’s hyper scrutinised by tax authorities.

[@STNDD]

The casino is owned by the government lmao

[@jonathanlupson7559]

A shady place…..for shady people…….

[@christianwestling2019]

Monaco didn't become independent in 1861. It has been independent since 1297. However, Roquebrune & Menton broke off in 1861, leaving the country with its current borders. And yes, it was broke.

[@luxraider5384]

how did they make money back in the days since they had no agriculture?

[@fmac6441]

@@luxraider5384fishing as almost every costal town?

[@christiaanvanhyfte1873]

The wealthiest people anywhere in the world never gamble in casinos .

[@spacespike6659]

Money laundering, the accumulation of wealth through criminal activities, and tax evasion from other countries are central to what happens behind the scenes in Monaco. Known for its secrecy and tax haven status, the principality often attracts those looking to hide illicitly gained wealth. The most powerful families at the top often take a share of these illegal profits, reinforcing their influence and control. This shadowy financial activity is a significant aspect of what Monaco’s reputation in certain circles is built upon.

[@nowhasname]

who cares?

[@bayaadele]

Say it louder 👏🏻 People tend to forget that or think that it doesn’t matter…but well it does. That is why I struggle with really liking Monaco (I live in France near it), I mean it’s really the kind of place that I love with the effervescence, elegance, yachts, buildings (F1) etc but behind all that is what you listed

[@luxraider5384]

@@bayaadele you're just salty that you have to pay income taxes if you work there.

[@bayaadele]

@@luxraider5384 I don’t care 😂 First of all I’m still a minor okay so I don’t pay taxes *yet*. Then when it’ll be time for me pay them, I will, cause I’m a honest person (I’m not going to leave for Dubai or idk what sh!t). And if I have to pay some in Monaco in the future (yeah cause it’s my dream to live there), I’ll pay them. End of the story. It just shows that the French in Monaco (and I think the Americans too) don’t come there to pay less taxes and that we’re mostly clean, unlike 90% (the 10% are the real monégasques) of the others living in the principality.

[@luxraider5384]

@@bayaadele nope, only french people have to pay income taxes to the french state if they work in monaco. Americans won't pay anything for example.

[@Gannicus-USA]

I love Monaco! It’s one of the nicest countries I’ve been to!

[@Montezuma0]

I’ve been there and it sucks. It’s completely dead and empty. It’s not a real city, just a place where rich people own residences, but they don’t actually live there.

[@Gannicus-USA]

@@Montezuma0 that’s why there’s meat and potatoes and those who like pizza! Something for everyone

[@luxraider5384]

the country is like two streets, not much to see.. A bit boring if you're not looking for a tax haven. Neighboring french cities are way better.

[@MarryBlue-f5d]

I love the idea about a dress code there. ❤

[@TheCWMHALL]

My grandmother lived there , how it has changed , I went there when I was 18 , all show and glitter nowadays .

[@luxraider5384]

they have to bring tourists somehow.

[@Asheikh48]

Small but mighty. Very interesting facts

[@michelangelos-pizzeria]

Without Onassis, nothing! Would still be a broken small fisher port.

[@TheMarapasa]

I USED TO GO THERE IS THE 1970S, I STAYED NAKED, IT WAS THE 70S

[@salsaissweet]

Wish God loved me enough that i would have been born there

[@tahsinnawarreti6662]

Your OK where you are

[@perniller9084]

God still loves you

[@sunflower-im7lo]

😔😔😔

[@neverseenbeforenow]

You're ​@@tahsinnawarreti6662

[@griotolu7040]

Lmao,

[@mr.battledroid2195]

The living proof every country should become a corporatist gamble based state to become rich

[@sebaschan-uwu]

Proof that gambling helps everyone

[@CSAyt2503]

"You can't earn stone palaces by honest laboures"-a writer during renaissance period. I don't remember the name, but he wrote a wonderful story on Monaco.

[@fiachramaccana280]

It may be rich but architecturally its like 1960s and 1970s apartment blocks....not that pretty.

[@jamesstate1933]

It sounds like a nation built on tax avoidance but suggest more black market means but that is speculation

[@julianbrabsche728]

It didn't get independece from France it did get independece from Sardinia.

[@Marilu-n5z]

Very small principality that made it Super Rich, and yes because we are independent, and mostly for the elite, we boast of beaches too, but nightlife, if u go to the Casino, yeahh theres a dress code, have to dress elegantly, not just any getup, that after swimming we change attire , elegant

[@Jadyvittone]

Thanks for your knowledge

[@junehoneymanhislop4881]

Please take me there ❤!

[@vascoapolonio2309]

It works in a little village. Not in a proper nation. Rich people just become free loaders

[@CrazyWatcher670]

I wanna own the small country like that. Now that’s the real swag!!! Being the king of a wealthy small nation!!

[@aarondhugga9169]

Looks like I won't be vacationing here anymore

[@ritarevell7195]

I can attest to the beauty of Monaco.

[@LuisGarcia-cr3pr]

Sorry, except for the Casino and maybe 2 blocks around the Palace just a bunch of ugly buildings. A place to stop 4 to 5 hours.

[@steveargy8142]

Thank you Aristotle Onassis

[@ritarevell7195]

What does he have to do with Monaco?

[@georgetsikrikas4313]

Onassis built the casino

[@amir9-p7d]

It’s more like large street or small neighborhood it ridiculous to call it country I would call it autonomous region of France

[@i.f.llamas3922]

@@amir9-p7d principado. It's the most accurate term

[@bobtherobber7054]

This is how it feels playing tall in ck3

[@it5617]

That is the definition of tax haven.

[@johnnyboyvan]

Been there and it is ok. It really isn't anything special. 😕

[@EmperorBl8]

Monaco is very wealthy for small country

[@Ricky_Spanishh]

Thanks captain obvious. We would've never solved the puzzle without you.

[@NeverGonnaGiveYouUp71]

Small countries are actually wealthier lol

[@JosephGrimaldi444___]

fam still hasn’t invited me

[@kw271]

the last of the beau gestes... look at any small country that does the same ( *cough* Singapore *cough*) , but citizen taxes only gets higher, and used to subsidize for services that the casinos there need to use.

[@VehicleInsurance]

Gambling is good!

[@memeschan8838]

After visiting monaco i felt broke

[@4AMFLA]

Great time even though I lost Money it was my Birthday.and went snorkling

[@elgrs5756]

It’s all thanks to Aristotelis Onasis my dear ,it was his idea to set up the king of Monaco with Grace Kelly in order to reach to Hollywood people and make it popular through them

[@oskarlau4536]

monaco doesnt have a king and they still would have been rich without all of the holywood guys

[@ozyMalkin]

When Grace married the Prince of Monaco, it was a very rich place already.

[@inesmaroua5419]

No it was not ​@@ozyMalkin

[@inesmaroua5419]

​@@oskarlau4536 it's a monarchy tho

[@oskarlau4536]

@@inesmaroua5419 so?

[@chelseagirl278]

Monaco 🇲🇨 is actually a Principality

[@LoadMaster-xl8dp]

it never says in video that it is NOT a principality. So, what's your point?

[@chelseagirl278]

@@LoadMaster-xl8dp that it is a Principality 🤣 what's your point?

[@N7eptune]

Enjoyed roulette there a while ago... 👳‍♂️

[@dev.b9685]

It’s a tourist attraction for the rich and their version of Florida

[@gc679]

Monaco has been independent since centuries before 1861

[@gabem.5242]

Monaco has always been independent, it was never a part of either France or Italy. Get your facts right.

[@tristina1908]

I thought you were playing orange juice by earlwolf for a second

[@georgebouloukos8264]

But it is a tax-less heaven......

[@yveslafrance2806]

I thought residents of Monaco were not allowed to gamble there?

[@janetfrost6888]

Very interesting 🤔

[@k_tubbs]

It really is what Genovia is based on. Randldi? Grendaldi? Tiny micro nation off of France? Cool.

[@onefiftycanningvale]

Make Monaco join France back

[@cadmus204]

Monaco is nothing next to Grand Fenwick

[@rajakhurram8641]

it's not a country just a small town

[@amanfat1ma]

You resemble Armie Hammer so much

[@darkart4551]

Work smart not hard

[@Ilvaliero]

Not so halal mode 😒

[@MrHadi0099]

@@adarshthapa-m3c Being anti gambling is nonsense?

[@impopquiz]

@@MrHadi0099what’s halal gotta do with anti gambling?

[@MrHadi0099]

@@impopquiz everything

[@robustanybody5138]

Remove Islam from Europe That's Europe's goal

[@impopquiz]

@@MrHadi0099geez that’s convincing 😅

[@fortnitegamer76]

i love gambling and tax haven

[@PingpongPoof-c3r]

100 km.visionary

[@O-DOG11]

i’ve been there aw like 10 RR and a ton of other super cwre

[@Pong_ping95]

F1 circuit country ahhh

[@oldgreg506]

Maybe rich as in per capita but definitely not one of the richest countries in the world….

[@CrazyWatcher670]

That’s USA , with countless homeless on streets, feeces on sidewalks and shooting in schools.

[@nemsisbusa]

Basically the Las Vegas of Europe

[@alanpe1374]

Tbh yea i never though of it

[@mckernan603]

or the New Hampshire of New England

[@edsoncarrillo7211]

Nothing like Las Vegas 🤣

[@hansopel782]

You can't really compare Monte Carlo and Las Vegas. For instance: Monte Carlo only has one main casino. Vegas has .. well how many? 15?

[@robertjosephgiarrusso5018]

A movie or series should be made about thag

[@zpatrickz81]

A fools paradise.

[@CaIadai]

So yes, it is a tax haven.

[@luxraider5384]

so, money laundering?

[@antonymungai4001]

My dream country

[@Royian8]

I live in Monaco 😅😅😅😂😂😂

[@rosserial_one9375]

Thanks for this interesting fact! Now I know the truth about Monaco and local citizens )))

[@EmperorBl8]

Would be good if this country was not monarchy dunno why I don’t like monarchy even if they did good

[@demonslet]

You literly proved yourself wrong?

[@krystofcisar469]

Yeah, its nice city that monaco :D wouldnt callthat country :D

[@guayab]

Mafia country

[@zahiraameen6371]

Gambling, prostitution, human trafficking you name it...

[@13Luk6iul]

Thugs basically

[@Scarhouari]

Monaco is BS ...

[@auliashandy4949]

Fascinating country look like

[@evilfriedrice277]

Do you skate any more or ma

[@lorofcb3]

Easily THE most boring place I have ever visited. Devoid of anything to do or see, apart from maybe some expensive cars and boats.

[@Justkevin377]

Trump will make them pay

[@pan_salceson]

Ahhh... There is nothing quite like wealth built on addiction that ruined countless lives and broke countless families, is there?

[@peace-hu5pn]

It is neighbourhood not country 😂

[@sarwandhillon4460]

Fuck taxes

[@alexdelvento1273]

🇮🇹💪🏻

[@donalomahony8847]

Monaco is not a country!!! It's a principality!

[@Dominik047]

This sounds like a den of greed. I can't imagine the amount of silent horrors that happen here behind closed doors 🤢🤢

[@stefanmandic3447]

Ummm, wdym

[@Dominik047]

@@stefanmandic3447 the ultra rich have always indulged in the most disgusting acts known to man. I promise you at least one of the people who live here was on Epstein Island

[@-_vh_-]

Sure buddy

[@justjosh1992]

Isn't or rich from drugs

[@superpacocaalado7215]

Now imagine if we had large like the US, Brazil, China, being as free as Monaco. The amount of wealth we could create would be absurd.

[@brontantwoord7266]

Income tax is punishment for being successful

[@pascalvankammen6470]

Income tax is the result of living in a society. It’s a social contract. The wealthy greatly profit from having a good infrastructure, educated employees, safety and so on. I would say the successful people profit more from a stable and happy society than the lower classes.

[@brontantwoord7266]

@@pascalvankammen6470 did you literally not watch the video?

[@TheWinstonDouble]

​@@brontantwoord7266 Are you fucked? Do you really think a bigger country could operate like this? Go look how big Monaco is on a map

[@samurai_8917]

@@brontantwoord7266Did you? They funded their micro nation off of gambling addicts. Not exactly a good institution to rely on to pay for larger states. Your entire life is owed to taxes be it from clean water, roads, schools, and so much more. Libertarians are so fucking dense its astonishing they can move at all

[@Hellomynameis93]

@@brontantwoord7266it worked for this very small country due to external factors 😂 It’s not a model that can be replicated

[@rafaelavila6194]

Gambling should be every nations back stone! That’s called dedication

[@3000XM]

Im sensing Singapore is trying to emulate the same thing here.

[@btsseptet7914]

Which language monaco ppl speak?

[@Pink_Rose3073]

French..

[@btsseptet7914]

@@Pink_Rose3073 merci 😊

[@shadow-wg4gj]

Money

[@btsseptet7914]

@@shadow-wg4gj nice one 😂 loved it.

[@aaquila.z]

Monagasque

[@aanda4358]

Amazing country 🌟

[@marcotroilo552]

So if you don’t get taxed your country gets rich!?!? Someone tell our politicians that.

[@Taschenrechner1337]

Only works for rather small countries, because you need to suck all the wealth from your surrounding countries. So no, certainly doesn't work for most countries, and it makes all other countries around poorer.

[@sharifahkeillah-rk6od]

In my next life i want to be a citizen of that country

[@seriousCADninja]

Maybe other nations should start copying this idea and stop treating their citizens as tax cows😢😢😢

[@sahilshaikh777]

Which means a nation becomes wealthy with not much tax burden

[@christopherdavis9180]

It's about the size of New Yorks central park, which makes it easier to accomplish.

[@gymrat5014]

Nope, it is a competitive advantage of small countries because large ones do indeed need taxes to work, and can't use these kind of tactics.

[@ayushmatang5973]

Same happen in goa

[@aSkibidiRunner]

Taxes weaken countries not strengthen them

[@waldorfmcvitty4854]

That's right, because having a strong military or healthcare system is free.

[@aSkibidiRunner]

@@waldorfmcvitty4854 how come under trumps presidency the military was the strongest it’s ever been and healthcare had the highest quality of care while taxes were the lowest for coroperstions and middle class americans

[@MD-tp5zy]

Look at this jew