Liberty in Switzerland

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Liberty in Switzerland

  • Mikkel Högh

    Welcome, Swiss friends of liberty. What do you think of the state of liberty in Switzerland?

    I have only lived here a little less than a year, but to me, it seems that Switzerland is one of the free-est countries in western europe, but sadly seems to become less free with time, like everywhere else.

    There seems to be an endless stream of legislations and plebiscites that limit freedom. That does sound a bit gloomy, but it seems the growth of state power and compulsion is inevitable, even here.

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  • David Montgomery

    I love Sprüngli!

    I was disappointed to see the banking industry, which had withstood the pressure of two World Wars, essentially bow down to the States’ demand to make int’l banks their revenue agents.  Switzerland is now pretty much like every other banking center in the world, but with higher fees.  I suspect within 5 years there will be half as many Swiss banks as there are today.  Maybe Zurich will be more affordable then!

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      Mikkel Högh

      Yeah, that was definitely a sad moment. But not all that surprising. UBS and Credit Suisse both have a lot of business in the US, and they were threatened with loosing their banking license, as well as prosecution of their employees.

      Additionally, the EU has been pressurizing the Swiss government to dispense with bank secrecy as well, since it has enabled people to escape the oppressive taxation of their socialist governments.

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    David Montgomery

    Sure was.  And it was rather pathetic to see Wegelin, an institution founded in 1741, decades before the United States, just crumble.

    Competition among the cantons seems to be the main thing keeping Switzerland from becoming an EU-style basket case.

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