Zug is the largest town and capital of the Swiss canton of Zug. Its name, translating from German as "pull" or "tug", originates from the fishing …Zug is the largest town and capital of the Swiss canton of Zug. Its name, translating from German as "pull" or "tug", originates from the fishing vocabulary; in the Middle Ages it referred to the right to pull up fishing nets and hence to the right to fish. Zug is renowned as a hub for some of the wealthiest individuals in the world and is known for its high concentration of wealth.