cyprus confiscated 10% of the money in people’s bank accounts
0bama confiscated 50% of all monetary instruments, being cash, 401Ks, real estate, etc... by devaluing the dollar immediately upon entering office
yet there’s more of an outcry over 10%
go figure
The Eurozone Kleptocrats are bigger crooks then the Russian Mob.
We are being robbed blind by the Ruling Class....Eagles Up.
To keep things in perspective -
Let’s not forget that the Obamacare law places a confiscatory 3.8% tax on the “profits” from all homes sales for couples making $250k and individuals making $200k.
This (and other hidden taxes imposed by Obama) are a few beginning steps in the liberals wealth confiscating philosophy.
Does anyone doubt that our Big Government politicians would hesitate to confiscate money from IRA’s, 401k’s or savings accounts if they could get away with it (or when they decide they CAN get away with it).
Homeland Security hasn’t stockpiled 2 billion rounds of ammunition to use against Cubans or Canadians.
(and the U.S. Treasury which is part of the official decision-making body at the IMF)
This is the only thing you need to know about the confiscation, it will come here soon, even though they have been stealing our wealth thru inflation for quite some time now, it just isn’t the same cuz the vast majority of people don’t have a clue as to what inflation really is, other than rising prices. Here it is an in your face Confiscation, with President Obama Making the Decision.
Isn’t this a form of theft?
There are so many ways our states and feds can $crew us.
In California, the left wingers in control of the capitol are trying to enforce back taxes on tech start up investors.
Not only are they after the so called back taxes, they want penalties for late payments for past refunds:
“Engineers and hackers don’t think much about tax policy, but there’s a bizarre development in California that they should know about, since it could reduce the pool of angel-investment money available for tech startups. Under a tax break available since the 1990s, startup founders and other investors in California were allowed to exclude or defer their gains when they sold stock in California-based small businesses. Last year, a California appeals court ruled that the tax break was unconstitutional, since it discriminated against investors in out-of-state companies. Now the Franchise Tax Board, California’s version of the IRS, has issued a notice saying how it intends to implement the ruling — and it’s a doozie. Not only is the tax break gone, but anyone who claimed an exclusion or deferral on the sale of small-business stock since 2008 is about to get a big retroactive tax bill. Investors, entrepreneurs, and even the plaintiffs in the original lawsuit are up in arms about the FTB’s notice, saying that it goes beyond the court’s intent and that it will drive investors out of the state. This Xconomy article takes an in-depth look at the history of the court case, the FTB’s ruling, and the reaction in the technology and investing communities.”