(The Guardian) Eurozone finance ministers demanded yesterday that the Cyprus government seize 10% of savings and investments in exchange for a 10 Billion Euro ($12.92 Billion USD) bailout, prompting a run on the banks on the island.
The U.S. Debt now stands at $16.7 Trillion which Obama claims isn’t serious–how soon will it be before the U.S. Govt begins seizing Americans savings and investment to begin paying down our national debt?
Related: Banking Chief Calls for Looting 15% of Italian Savings
U.S. Capital Gains Taxes Among Highest in the World
California Second Highest Capital Gains Tax Rate in the World
Image Courtesy of Jefferson Quotes
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