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by loeg 1721 days ago
Somewhat more true of Luxembourg than of Switzerland.

> Luxembourg remains a financial powerhouse – the financial sector accounts for more than 35% of GDP - because of the exponential growth of the investment fund sector through the launch and development of cross-border funds (UCITS) in the 1990s. Luxembourg is the world’s second-largest investment fund asset domicile, after the US, with $4 trillion of assets in custody in financial institutions.

https://www.cia.gov/the-world-factbook/countries/luxembourg/... (2020)

1 comments

Sweden, Denmark, Finland and Iceland apparently all have higher median annual incomes than the US.

Why is it that nice places to live have such horrible weather?

Bad weather incentivizes industriousness
Strong argument against global warming?