When bank accounts are seized, it is an assault the rich, and on savings and increases the insecurity of savings.This is an assault on the process of capital accumulation and the process of production.Individuals with surplus funds will have more incentive to hold their funds in hoards of money or accumulations of consumers' goods and less incentive to invest. This will result in less demand for capital goods or less demand for labor.
Less demand for capital goods leads to less production of capital goods and less capital accumulation. This will lead to economic stagnation and lower productivity of labor, which leads to lower real wages and lower standard of living for the average wage earner.
Lower demand for labor leads to lower money wage rates fir the average worker.
This is the future of America if the libtards can achieve their goals
bttt
ALL the world is watching Cypress. The politicians in every country are plotting and scheming based on what happens there, no doubt. The Socialist see a way of keeping their government(power) for just a while longer. The die-hard Marxist are salivating because they see a way of taking as much wealth from the people with impunity, for the greater good dontyaknow. See tagline