Tyler Durden calls it a “coercive, mandatory wealth tax”
One time? Why stop? Just make 10% of your saving account a mandatory witholding for wealth tax, oh yes you can file a complicated 20 page form to claim a refund
Exhibit 3 is interesting chart
http://www.zerohedge.com/news/2013-03-16/everyone-shocked-what-just-happened-and-why-just-beginning
Could the obamites seize a meager 26% of American’s bank deposits (wealth of “the rich” kept in banks- since 50 million households have almost nothing in savings) and get away with calling it a “fair share” of “wealth tax” paid by “the rich” toward debt reduction?
I predict yes.
I think the question that should also be asked:
If they can seize 10% of your deposits, could they not also decide one day to seize 10% of your investment accounts; mutual funds, trust funds or any other fund administered by any financial entity.
Obviously one is as unconstitutional and illegal as the other.