Only a fool would have left their money in the banks. I guess now they will attack people for protecting their assets.
I’m thrilled they got their money out. But since it’s easy to figure out who ducked the tax, why not go after the assets in their new location? I assume it would be like this. I have my money in a California bank. California decides to balance their budget with a “one time” tax on deposits. I move my money to Nevada. I’m certain that California would come after it. Probably they’d threaten to close all the California branches of the Nevada bank if it wasn’t turned over. Then, I’d have to go to a California court to get it back. (Comments?)
I figured it would come out that the well-connected got advance warning and were not set up for haircuts.
All the “cronies” and insiders were covered leaving the usual small business and middle class holding the dirty end of the stick as usual...