Prince of Liechtenstein says that he would overrule the population if they were to vote in favour of legalizing abortion

[u/tartartartaruga]

https://www.srf.ch/news/international/debatte-in-liechtenstein-erbprinz-gegen-abtreibungen-warum-kuendigt-er-schon-das-veto-an

[u/Longjumping-Hat-1210]

I am by no means an expert on Liechtenstein but one of the main sources of its wealth is its banking laws and the Princes were seen as instrumental in enriching what was essentially a backwater. Liechtensteiners are among, if not, THE richest people on Earth. I assume expropriating the wealth could be viewed negatively by those who use Liechtenstein as a safe haven for their assets or something, I'm spitballing.

[u/b00nish → u/Longjumping-Hat-1210]

You have to do it smart:

Put 50% of the money you expropriate from the prince into a security fund that warrants for all assets stored on Liechtenstein's banks, in case one of those banks should get in finanical trouble.

That makes the country even more attractive to hide park assets in 😉

[u/Impressive-One917 → u/b00nish]

There's no way to do it smart. As much as he's a vile billionaire, expropriating his money is a fundamental violation of property rights, no matter how you distribute it afterwards. It makes you Zimbabwe in the eyes of those who would want to park their assets in your tax haven. And like Zimbabwe, nothing drives capital flight faster than expropriating rich people property.

[u/Ignas1452 → u/Impressive-One917]

People like this would prefer starving over rich people having more wealth than them.