L00b Posted March 19, 2013 Share Posted March 19, 2013 I thought everyone on SF loved a tax on wealth?Maybe now they're actually understanding what a tax on (already taxed-) "wealth" actually means, when it's explained to them in such simple terms as the Cyprus Gvt is currently doing, taking 6.ish% of the balance of their account from the first £0.01, without the usual smoke-&-mirrors, manners and middlemen? Link to comment Share on other sites More sharing options...
Supertramp Posted March 19, 2013 Share Posted March 19, 2013 Maybe now they're actually understanding what a tax on (already taxed-) "wealth" actually means, when it's explained to them in such simple terms as the Cyprus Gvt is currently doing, taking 6.ish% of the balance of their account from the first £0.01, without the usual smoke-&-mirrors, manners and middlemen? I think we killed the discussion Link to comment Share on other sites More sharing options...
taxman Posted March 19, 2013 Share Posted March 19, 2013 MPs in Cyprus have voted to reject the terms of the bailout. Link to comment Share on other sites More sharing options...
xiefeieric Posted March 19, 2013 Share Posted March 19, 2013 always invest your money, in the bank means you are losing it Link to comment Share on other sites More sharing options...
FACEBOOK Posted March 19, 2013 Share Posted March 19, 2013 What is happening right now in Cyprus is just the start, a testing ground if you will. Many have know money grabbing directly out of bank accounts was always going to happen at some point. If you fail to plan, you plan to fail. Link to comment Share on other sites More sharing options...
I1L2T3 Posted March 19, 2013 Share Posted March 19, 2013 What is happening right now in Cyprus is just the start, a testing ground if you will. Many have know money grabbing directly out of bank accounts was always going to happen at some point. If you fail to plan, you plan to fail. Yes it's a trial balloon' to see what they can get away with. I think they miscalculated. And I can't believe how many people are arguing how what is proposed is in any way a rational and sane option. Link to comment Share on other sites More sharing options...
SpikeMac Posted March 19, 2013 Share Posted March 19, 2013 Yes it's a trial balloon' to see what they can get away with. I think they miscalculated. And I can't believe how many people are arguing how what is proposed is in any way a rational and sane option. It is the only option if you think about it. Take from those who have and pay the debt off. You can either do it openly or by stealth. Step forward Stealthy Gideon. Link to comment Share on other sites More sharing options...
I1L2T3 Posted March 19, 2013 Share Posted March 19, 2013 It is the only option if you think about it. Take from those who have and pay the debt off. You can either do it openly or by stealth. Step forward Stealthy Gideon. Taking money from small investors is not a sane option. No matter which you cut it. Link to comment Share on other sites More sharing options...
SpikeMac Posted March 19, 2013 Share Posted March 19, 2013 Taking money from small investors is not a sane option. No matter which you cut it. They aren't small investors, they are people with cash. It is the only place to get cash from. I agree that levying bank savings is a stupid idea, but the source of the eventual debt repayment will remain the same. Link to comment Share on other sites More sharing options...
I1L2T3 Posted March 19, 2013 Share Posted March 19, 2013 They aren't small investors, they are people with cash. It is the only place to get cash from. I agree that levying bank savings is a stupid idea, but the source of the eventual debt repayment will remain the same. You're making the mistake of thinking them staying in the Euro is the only option. They need to default, get out, get their own currency and rebuild. It will be less painful for them long-term. Link to comment Share on other sites More sharing options...
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