Interesting article on ZeroHedge which talks about Obama's camp imposing a wealth tax on retirement savings. The first salvo(?) from the USA government in taxing the "rich" who, from what it appears to me, is anyone with enough brain cells to save for their retirement instead of buying the next iPhone/iPad/iWhatever.
Consider also the growing fear that governments will not help the banks when their greed finally catches up with them but instead rape and pillage the unsecured creditors accounts for bailout money (thats the normal mum and dad savers) - so what is stopping the banks from doing CDO's or a variant all over again?
Here in NZ who believes that at some stage capital controls and wealth "capping" tax will not come to our shores?
Who sees an increase in buying art, coins, watches or anything that could increase in value over the years instead of banking it for the government or the bank to grab when they want?
Article here: http://www.zerohedge.com/news/2013-0...alth-tax-salvo
Consider also the growing fear that governments will not help the banks when their greed finally catches up with them but instead rape and pillage the unsecured creditors accounts for bailout money (thats the normal mum and dad savers) - so what is stopping the banks from doing CDO's or a variant all over again?
Here in NZ who believes that at some stage capital controls and wealth "capping" tax will not come to our shores?
Who sees an increase in buying art, coins, watches or anything that could increase in value over the years instead of banking it for the government or the bank to grab when they want?
Article here: http://www.zerohedge.com/news/2013-0...alth-tax-salvo
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