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#3195155 - 03/17/13 12:29 PM 6.75 to 9.9% tax on bank accounts in Cyprus
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16574
Loc: Tampa FL

Offline
Coming to a bank near you...


People with bank accounts in Cyprus were shocked Saturday to learn that as part of an agreement reached with international creditors, the government has imposed a tax on all deposits to help bail out the nation and its banks.

While the island nation may be small, it’s an international favorite for offshore banking– particularly for wealthy Russians. The tax will range from 6.75% to 9.9%, depending on how much is in the account.

“This is a clear-cut robbery,” Andreas Moyseos, a former electrician who is now a pensioner in Nicosia, told the New York Times. Iliana Andreadakis, a book critic, further added: “This issue doesn’t only affect the people’s deposits, but also the prospect of the Cyprus economy. The E.U. has diminished its credibility.”
_________________________
"The fore horse of this frightful team is public debt. Taxation follow that, and in its turn wretchedness and oppression."
--Thomas Jefferson
18 Trillion http://www.usdebtclock.org/

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#3195677 - 03/17/13 10:28 PM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: FLTENNHUNTER1]
hunter0925
8 Point


Registered: 01/21/13
Posts: 1092
Loc: TN, Rhea,

Offline
I can see it happening here for sure.
_________________________
We the unwanted, do the unthinkable, for the ungrateful.
In Each Other We Trust.

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#3195749 - 03/18/13 05:25 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: hunter0925]
MUP
Non-Typical


Registered: 08/01/07
Posts: 46480
Loc: Just North of Chatt-town

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Rumor has it that they're moving it up to near 12% now.
_________________________
MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

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#3195789 - 03/18/13 07:08 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: MUP]
Wildcat
Non-Typical


Registered: 06/10/00
Posts: 42706
Loc: Western Ky.

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People do NOT care as long as THEIR handouts keep coming.
_________________________
Obama, “the very danger the Constitution was designed to avoid." Liberal law professor Jonathan Turley.




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#3195795 - 03/18/13 07:18 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Wildcat]
Rebel
TnDeer Old Timer
12 Point


Registered: 03/16/99
Posts: 5400
Loc: East Tennessee USA

Offline
Gold was confiscated here in the 1930's... We're not at that point yet but I can see it coming.
_________________________
Good night Chesty, wherever you are!

Tolerance is a virtue of those who believe in nothing.

Deo Vindice

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#3195885 - 03/18/13 08:37 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Rebel]
fishboy1
16 Point


Registered: 01/13/03
Posts: 10574
Loc: Warren Co

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These are the final steps in the socialist economic/political model.

Demonize the "rich" and lie about your intentions of "only taxing the rich"

Then they STEAL/Confiscate/Tax the private accounts, ALL private accounts, not just the rich.
Where does that money go? Toward repayment of bailouts already made.

Uh oh....
Still spending, still high unemployment, still lack of revenue......
We need more money!!!

There is a run on the banks.... Banks can't cover.....Government steps in and confiscates the whole shebang in the interest of "our own good and fairness". Now you have a government imposed economic martial law on private money.

The socialist model of theft is complete.
All that is left is to crush the inevitable uprising of the citizens against this theft by government force.

The follow up/ final stage is oppression using government sponsored terror and murder to keep the people in line and the elite in power. Tyranny.
_________________________
If you can't trust people with freedom, how can you trust them with power ?




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#3195903 - 03/18/13 08:44 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: fishboy1]
Crappie Luck Moderator
Non-Typical


Registered: 01/29/03
Posts: 62020
Loc: Smith Co.

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Unfortunately, that is not the final stage. The final stage is when the US sees how miserably the socialist model has failed and copies it line for line.

Is there a bad idea we are NOT ready to implement in the US?
_________________________
"To find out who your real rulers are, simply look to those whom you CANNOT criticize..."
--Voltaire

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#3195908 - 03/18/13 08:47 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Crappie Luck]
Still-n-Quiet
10 Point


Registered: 07/18/06
Posts: 4888
Loc: San Antonio, TX

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This dumb from so many different angles! I really didn't think that progressives could even get this stupid.
_________________________
Mike

Searching for the elusive "Moderate" liberal and "Moderate" Muslim. Maybe they are hiding together...

Μολων λαβε

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#3195967 - 03/18/13 09:29 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: Crappie Luck]
fishboy1
16 Point


Registered: 01/13/03
Posts: 10574
Loc: Warren Co

Offline
 Originally Posted By: Crappie Luck
Unfortunately, that is not the final stage. The final stage is when the US sees how miserably the socialist model has failed and copies it line for line.

Is there a bad idea we are NOT ready to implement in the US?


HeY SoCilissim iS a PaRRRR-T !

Socialism is a heck of a fun ride when it starts. It's like a pretty girl showing up at a Gang party uptown. The first hour or two is a hoot, free Jello Shots and Tequila for everyone!

Its only after you wake up naked, violated, and beaten to a bloody pulp that you realize that you made some poor choices.
_________________________
If you can't trust people with freedom, how can you trust them with power ?




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#3195973 - 03/18/13 09:32 AM Re: 6.75 to 9.9% tax on bank accounts in Cyprus [Re: fishboy1]
Big J
16 Point


Registered: 03/10/06
Posts: 11992
Loc: Joelton

Offline
I see a ton of withdrawals happening today!
_________________________
Love God, Love people, Live Gospel!!

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