King George is at it again...
People with bank accounts in Cyprus were shocked Saturday to learn that as part of an agreement reached with international creditors, the government has imposed a tax on all deposits to help bail out the nation and its banks.
READ MORE........before it goes up another percent or two.
http://www.theblaze.com/stories/2013/03/16/eurozone-country-surprise-were-putting-at-least-a-6-75-tax-on-your-bank-account/ (http://www.theblaze.com/stories/2013/03/16/eurozone-country-surprise-were-putting-at-least-a-6-75-tax-on-your-bank-account/)
Quote from: Bronx on March 17, 2013, 05:43:05 AM
King George is at it again...
People with bank accounts in Cyprus were shocked Saturday to learn that as part of an agreement reached with international creditors, the government has imposed a tax on all deposits to help bail out the nation and its banks.
READ MORE........before it goes up another percent or two.
http://www.theblaze.com/stories/2013/03/16/eurozone-country-surprise-were-putting-at-least-a-6-75-tax-on-your-bank-account/ (http://www.theblaze.com/stories/2013/03/16/eurozone-country-surprise-were-putting-at-least-a-6-75-tax-on-your-bank-account/)
Wow!!
QuoteThe tax will range from 6.75% to 9.9%, depending on how much is in the account.
Coming to a bank near you.
I was reading this yesterday and some numbnuts wrote a letter suggesting this same approach here in the US or a tax on all deposits and withdraws/funds transfers.
The response from someone that works directly with Helicopter Ben, stated it could never happen here and gave a myriad of reasons as to why, and not one carried any validity based on the fact the Federal Govt locked up gold ownership in the past.
For someone to claim things will always remain the same when there is a Marxist in the WH, is when we should all take a second look at our finances.
And with that said, I'll let walks move this to the finance forum.
Thanks Walks.