3 votes

Savings Tax?

IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high
Debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, warns IMF paper

http://www.telegraph.co.uk/finance/financialcrisis/10548104/...

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Probably not so much a "warning" ...

... but more like a "trial balloon."

savings tax?

Tax AND inflation....

double whammy.

"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I have one word for you...predator drones. Oh, you think I'm kidding?" Obombya