The laws of economics are relentless.
If the police will not and you are not allowed to defend your property, then it no longer holds it value.
That is _exactly_ how it works in the third world.
People hide their assets since they know they will be robbed if any wealth is shown in public.
Yup. I have friends in third-world countries (including one poor bastard in Honduras) and they tell me much the same thing - anyone showing anything nice is either an idiot about to be robbed or one of the superrich and is surrounded by guards.
The first purpose of every government is to protect the lawful from the lawless.
Without protection from criminals, and considering the enormous taxation, there isn’t any justification to live in such jurisdictions.
Civilization is so very delicate. I wish politicians would treat them as such.