I still have every passport that I have ever owned. The older ones are far more interesting because I was younger and always looking for creative ways to travel around the world. The older I get the less interesting my passports get. Now I find it difficult to travel away from my desk at lunch.
Passports are highly symbolic to me. It equals a particular kind of freedom. But I suppose that’s because I have a pretty good passport.
According to the 2018 Henley Passport Index, the Canadian passport is tied for 5th – along with Switzerland, Ireland, and the United States – in terms of the number of countries you can access without a visa. 176 countries in total.
The highest ranking countries this year are Japan and Singapore. With those passports you have visa-free access to 180 countries. The last place country, at 105th, is Afghanistan. You get 24 countries.
Switching to design – because that matters – I think you would be hard-pressed to find better looking ones than the new Norwegian passport (pictured above and set to be put into circulation later this year) and the
I still have every passport that I have ever owned. The older ones are far more interesting because I was younger and always looking for creative ways to travel around the world. The older I get the less interesting my passports get. Now I find it difficult to travel away from my desk at lunch.
Passports are highly symbolic to me. It equals a particular kind of freedom. But I suppose that’s because I have a pretty good passport.
According to the 2018 Henley Passport Index, the Canadian passport is tied for 5th – along with Switzerland, Ireland, and the United States – in terms of the number of countries you can access without a visa. 176 countries in total.
The highest ranking countries this year are Japan and Singapore. With those passports you have visa-free access to 180 countries. The last place country, at 105th, is Afghanistan. You get 24 countries.
Switching to design – because that matters – I think you would be hard-pressed to find better looking ones than the new Norwegian passport (pictured above and set to be put into circulation later this year) and the
We have a cultural bias toward homeownership in this country. Other countries have it too. We believe that homeownership is what you should aspire to.
In 2011, Statistics Canada pegged the homeownership rate at 69%. 9.2 million households out of a total of 13.3 million. Other more recent data suggests that it’s probably a bit lower, though still higher than that of the US since the financial crisis.
Regardless, more owners than renters.
I am not here to throw stones. I get it. I own my home. However, I do think it’s important to put this into perspective. Below is a chart from Trading Economics of homeownership rates in the G20:
We have a cultural bias toward homeownership in this country. Other countries have it too. We believe that homeownership is what you should aspire to.
In 2011, Statistics Canada pegged the homeownership rate at 69%. 9.2 million households out of a total of 13.3 million. Other more recent data suggests that it’s probably a bit lower, though still higher than that of the US since the financial crisis.
Regardless, more owners than renters.
I am not here to throw stones. I get it. I own my home. However, I do think it’s important to put this into perspective. Below is a chart from Trading Economics of homeownership rates in the G20:
At the bottom of the list – with the lowest homeownership rates – are Germany and Switzerland. Germany appears almost evenly split between owners and renters. And Switzerland is more renters than owners.
Anecdotally, I can also say that some of the wealthiest people I know have made the decision to rent. They have simply decided to invest their capital elsewhere.
I’m not trying to insinuate any sort of correlation with these statements, but I am trying to draw attention to a cultural bias.
There are 26 cantons in Switzerland. One of the smaller cantons is Zug. It has a population of around 122,000 people and an area of 239 square kilometers. The capital of the canton is the town of Zug, which itself has a population of about 29,256 (as of December 2015) and an area of 21.61 square kilometers.
To help put that into perspective, a single municipal ward in downtown Toronto (Ward 28 - Toronto Centre-Rosedale) had a population of over 66,000 people back in 2011.
But as small as Zug may be, it is known as one of the most business friendly jurisdictions in the world. It has some of the lowest corporate taxes and the local revenue service prides itself on calling each taxpayer a “client” as opposed to a “debtor.”
As of 2010, the canton’s registry listed more than 29,000 companies, with more than 1,000 arriving and being started each year. There are about as many companies in the canton as there are people in the town of Zug.
It’s a classic example of jurisdictional arbitrage and it’s one that Zug seems determined to keep. In July 2016, the town of Zug began accepting digital currencies, such as Bitcoin, as payment for city fees.
The impetus for doing so was to help advance Zug’s position as a global center for cryptocurrency innovation. There’s a very real government supported push to make Zug into “Crypto Valley.” And startups from around the world who are working in this space are starting to take notice. To me this feels like a natural extension given the canton’s existing strengths and reputation. (More reading here and here.)
I’ve been to Zug maybe twice and, at first blush, it could easily pass for your average sleepy-yet-affluent Swiss town. But then you think about all of the money that flows through this place and you quickly understand why that modest, but very tasty, breakfast sandwich just cost you all of the CHF’s in your wallet.
Of course, if the entrepreneurs in Zug get their way, we won’t be carrying around wallets anymore. We’ll be paying with some sort of crypto varietal. And that would only strengthen this canton’s story: You don’t necessarily need to be big to be globally impactful – just put the right policies in the place.
Oh, and have a very high quality of life and an immensely beautiful natural setting. Those things help as well.
Photo by Martin Sattler on Unsplash. The above photo is actually of Morschach in Switzerland, not of Zug. I couldn’t find a royalty free image of the latter. Please forgive me for the false advertising.
At the bottom of the list – with the lowest homeownership rates – are Germany and Switzerland. Germany appears almost evenly split between owners and renters. And Switzerland is more renters than owners.
Anecdotally, I can also say that some of the wealthiest people I know have made the decision to rent. They have simply decided to invest their capital elsewhere.
I’m not trying to insinuate any sort of correlation with these statements, but I am trying to draw attention to a cultural bias.
There are 26 cantons in Switzerland. One of the smaller cantons is Zug. It has a population of around 122,000 people and an area of 239 square kilometers. The capital of the canton is the town of Zug, which itself has a population of about 29,256 (as of December 2015) and an area of 21.61 square kilometers.
To help put that into perspective, a single municipal ward in downtown Toronto (Ward 28 - Toronto Centre-Rosedale) had a population of over 66,000 people back in 2011.
But as small as Zug may be, it is known as one of the most business friendly jurisdictions in the world. It has some of the lowest corporate taxes and the local revenue service prides itself on calling each taxpayer a “client” as opposed to a “debtor.”
As of 2010, the canton’s registry listed more than 29,000 companies, with more than 1,000 arriving and being started each year. There are about as many companies in the canton as there are people in the town of Zug.
It’s a classic example of jurisdictional arbitrage and it’s one that Zug seems determined to keep. In July 2016, the town of Zug began accepting digital currencies, such as Bitcoin, as payment for city fees.
The impetus for doing so was to help advance Zug’s position as a global center for cryptocurrency innovation. There’s a very real government supported push to make Zug into “Crypto Valley.” And startups from around the world who are working in this space are starting to take notice. To me this feels like a natural extension given the canton’s existing strengths and reputation. (More reading here and here.)
I’ve been to Zug maybe twice and, at first blush, it could easily pass for your average sleepy-yet-affluent Swiss town. But then you think about all of the money that flows through this place and you quickly understand why that modest, but very tasty, breakfast sandwich just cost you all of the CHF’s in your wallet.
Of course, if the entrepreneurs in Zug get their way, we won’t be carrying around wallets anymore. We’ll be paying with some sort of crypto varietal. And that would only strengthen this canton’s story: You don’t necessarily need to be big to be globally impactful – just put the right policies in the place.
Oh, and have a very high quality of life and an immensely beautiful natural setting. Those things help as well.
Photo by Martin Sattler on Unsplash. The above photo is actually of Morschach in Switzerland, not of Zug. I couldn’t find a royalty free image of the latter. Please forgive me for the false advertising.
