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by lolc 2309 days ago
Having a lot of wealth certainly makes some things easier. So I agree with you there. It is however highly simplistic to say that the wealth is ill-gotten.

Swiss banks have indeed sat on funds where they could have been proactive in looking for heirs. They have traded and trade with companies and regimes that should be shunned. Switzerland is a tax haven and profits by taxing capital gains that could have been taxed where the work was done. Still there are many other factors that contribute to wealth. One thing is steady, low-corruption government and an investment mindset in public infrastructure. This coupled with a culture that fosters strong work ethics leads to accumulation of wealth. Another huge factor is no wars for centuries which is part luck, part ugly realpolitik.

So yes the Swiss system could not be implemented as-is by other countries. Yet looking at real-world implementations of certain policies can help illuminate how to get a wealthy population. And it doesn't have to be the tax thievery.