Obama Imposes Bank Balance Tax of 8.75%
(Washington D.C.) March 17, 2013 – President Barack Obama has by Executive
Order imposed a 8.75% tax on all U.S. bank accounts. This includes investment
brokerage accounts and 401-K accounts.
The tax will be calculated based on the account values at close of business on
Friday March 15th 2013.
The White House has been silent on this matter and
has not responded to numerous inquiries from the press. – N.P.Contompasis*
*
This is the kind of article you could wake up to some morning. It’s happening
right now on the island of Cyprus just off the Southern coast of Turkey. The
European Union is demanding full payment of a billion Euro bailout loan to the
island. All deposits in banks will be taxed nearly 10%. All wire transferred have
been cancelled and the Cypriot people are furious. Can you blame them, to be
surprised in such a manner. No one was asked, the President just did it and it
appears it will go into effect when their Parliament votes on it tomorrow
Monday.
add salt to the wound of islanders and Russians who have laundered much of their
illicit gains onto the small island they now call their second home.
their taxes otherwise the EU would be more humane in collecting their money.
The tax rates in Cyprus are so high no one pays them and with low tax revenue
the government is forced to “clawback” the money by simply taking it from
savings and checking accounts.
with an ounce of sense will take their money out of all EU banks in countries
that are having financial troubles like Italy, Greece, Spain, Portugal and even
France. With the EU in an official recession this won’t help matters and could
help slide Europe into a depression unless this is reversed. The haunting
problem is that this one time Clawback will happen again and again until the
government of Cyprus cuts its spending which most likely won’t happen to the
liking of the unelected members of the EU.
our country is headed for the same demise based on our current fiscal insane
policies. This is bad, very bad, because it points out how socialized the
European countries of the EU are. They are applying non-growth policies when
they should be helping private sector growth by lowering taxes and eliminating oppressive
regulations. That’s the direction President Obama should be going but isn’t.
You would think he would just look across the pond and see what a huge mistake
they made, but no, he barrels straight into the abyss with destruction dead
ahead!
should, but I do know what’s going on in Cyprus is nothing more than “NAKED
SOCIALIZM” something a dictator would do like Stalin, Hitler or Chavez. They
are all dead now, but their techniques are still alive and well and living on a
sundrenched island in the Mediterranean. – N.P.Contompasis
2013-03-17 17:04:29
Source: http://shutking.blogspot.com/2013/03/obama-imposes-bank-balance-tax-of-875.html
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Whistler Blowers, Insiders
If my bank gave over my money without permission I wouldn’t pay a single penny of my mortgage until they rectified this blatant theft off people who have already paid tax. How about they tax the richest in society say 25% of anything over £10m, 30% on figures from 50-100m and up to 100% on anything over 100m. Let the rich pay for their own frauds.