There's always taxes, for the government to up, but you can't get blood out of a stone!
Banks, like hospitals, until recent memory, were feared and disliked by many Americans! The old jokes about hiding one's money under the mattress, was based on fact!
You'll have FRmail in a few minutes. :-)
They can take it the way they've always taken it in the past - inflation.
Inflation amounts to an economy wide tax with the brunt borne by those least able to pay.
The only way to defeat it is by repudiating the whole Fed/Fiat Currency system and return to hard assets (gold/silver) or currency backed by a fixed amount of same.
It may not only apply to money in banks. How would you like below zero rates on your retirement savings accounts?
You obviously have not heard of the term, ‘bail in’ have you?
What is happening and what we are observing is the end of the middle class saver. The people who saved each month for a down payment for a house or a car, who saved for a vacation and so forth. They did so because they could earn about a 2 to 3% return on their savings after taxes and inflation.
What economists call the after tax real interest rate.
That rate is going negative by the way because the national debt has doubled. To service the debt interest rates must be kept very low.
Excellent post by the way.