Many of the comments are steering towards personal opinions of what place they like or don't like. Or the cost of living. However, personal opinion and cost have little to do with taxable income and free society. You may not like the food, the cost, or the customs - but that doesn't make it worse or better, beyond a personal taste. However, wealth brings choices. A friend living in a small crappy appartment in Geneva that can't afford lunch, would give a bad impression on the quality of life for a person with "relative" little money. On the contrary, visit someone living in a 10,000 villa in the Alps with servants and of course you opinions change very quickly. It is hard to be objective if you measure base on what YOU can afford. It seems that more and more people find it hard to be "objective". In politics and the media - everything is turning into ideological drivel based on their moral vision and bias opinions. Maybe one day we could get a politician or news with out the Op-Ed rhetoric. It's unfortunate the internet has become the incubator for rhetoric and ideologues. We all have opinions (me included) and they all stink (mine included).
Yeah it totally boring - a F1 race through the streets, one of the world's best rallies, best private concerts, mega yachts, the world's greatest parities, attractive women, gambling, and a host of other boring things.
Sure - to each their own. However, to call Monaco boring, well - it might not be to one's taste, but I would certainly not call it boring.
So long as we do not have a wealth tax, one of the best ways to reduce taxation is to reduce realized income. This is not relevant to the wage earner, however for many here who i assume are investors it is perhaps the best method.