3 votes

Time to run for the F-ing Hills! PM Dave Cameron threatens to raid savings accounts or raise taxes.

http://www.telegraph.co.uk/finance/personalfinance/consumert...

Not quite for the same reason, this is aimed at people owing taxes, but will have same net result.

Taxes will have to rise unless officials are given new powers to raid people's bank accounts, David Cameron has said.

The Treasury select committee warned that allowing HM Revenue and Customs to remove cash from bank accounts without court orders is "very concerning" because of its history of mistakes.

The committee said that taxpayers could suffer “serious detriment” if officials are able, either by mistake or through an “abuse” of power, to take money from people who have done no wrong.

Mr Cameron yesterday claimed that the alternative was to "put up taxes". He told Sky News: "We have a choice here. If we don't collect taxes properly and make sure people pay their taxes properly we look at the problems of having to raise tax rates. I don't want to do that, so I support the changes the Chancellor set out in the Budget which is to really say that not paying your taxes is not acceptable.

Europarl confirms.
http://www.europarl.europa.eu/news/en/news-room/content/2013...

Deal reached on bank “bail-in directive”
Others Press release - Economic and monetary affairs − 12-12-2013 - 10:16

Parliament and Council Presidency negotiators reached a political agreement Wednesday on the draft bank recovery and resolution directive, the first step towards setting up an EU system to deal with struggling banks. This directive will introduce the “bail-in” principle by January 2016, thereby ensuring that taxpayers will not be first in line to pay for bank failures.

The directive is to enter into force on 1 Jauary 2015 and the bail-in system is to take effect on 1 January 2016.

You get that? taxpayers aren't the first ones in line, BUT THEY ARE IN LINE. This is all taking place in the UK and the EU, but I would invest in companies making shovels here in the states as there will be a whole lot of burying going on.

Shit is gettin real, fast.




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So Much For Innocent Until Proven Guilty

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"Bipartisan: both parties acting in concert to put both of their hands in your pocket."-Rothbard