First Cyprus, now Spain, Italy, and other countries are being told that their personal savings accounts may be raided to help keep the Eurozone going.
I just love this idea. I love Big Brother saying 'Sorry we've spent so much money, sorry we wasted so much money we didn't have, and sorry we take so much of the money that you earn, but now we're going to have to take X% of the money that you've managed to save for yourself'.
I've seen a few rumblings around, none really serious, about taxing wealth in the US. Not much difference.
We've long had yearly taxes assessed on the home you own (with the bank) or personal property such as a car - it's a small step "forward" to tax the money in the bank.
Taxing wealth is dangerously idiotic. It makes people less likely to save, which can be good for the economy, but it makes bubbles bigger, which makes bubble crashes worse.
Savings allow people to 'weather the storm' when bad times come around.
Plus, it's just stupid.
If it's voluntary, I wouldn't have a problem with it.
If it's compulsory, that's just heinously anus.
by neakin5 years ago
Any Digg users? If so, post your url so we can follow and support each other!http://digg.com/nicolegriffineakin
by JessBraz21 months ago
Hello fellow hubbers!I have the day off work today (hurray!!!) I've been up since the wee hours of the morning working on hubs and going through some of the technical stuff in my profile and account to make sure I'm...
by Shari6 years ago
No more Lies, Hostages in Iranhttp://www.asafeworldforwomen.org/en/ushostages.html
by double_frick6 years ago
just curious.not many do, it seems. if you have an xbox360....why? are you punishing yourself???
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Can you buy Common Sense in one of our chain stores linked across our USA? Is Common Sense on the shelf next to the jar of 'elbow grease'? Maybe one could take an Adult Education course at your local high...
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Does anyone have any rags to riches stories you would like to share?Have you struggled early on in life then later on achieve success?Did you beat the system/stereotypes and a troubled upbringing to be a success?Please...
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