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.
Agree 100%, but who said our money hungry politicians are smart? Sounds like the next obvious step in growing government, now that they taxed income to near the max while leaving just enough to live on.
If it's voluntary, I wouldn't have a problem with it.
If it's compulsory, that's just heinously anus.
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Can anyone present scientific proof to support transgenderism?What peer-reviewed scientific data can be shown to prove the theories of a "man in a woman's body or woman trapped in a man's body"?
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I was just reading about David Brooks, a writer for the NY Times. He states that if all the money we spend on social programs for the poor was just given to the actual poor people, poverty would end. I've always wondered about this, too. Instead of paying all the government workers to send checks...
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