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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ryoung8918 who wrote (50920)1/23/2006 12:41:46 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Or the gov't could place a 95% tax on all savings accounts with a balance over $XXX.
That would cause a run on banks.
They could NOT do that for political reasons either.
They would never get reelected.

Mish



To: ryoung8918 who wrote (50920)1/23/2006 12:57:32 PM
From: shades  Respond to of 110194
 
I thought my saved US dollars had a 98 percent tax put on them - they only buy 2% of what they would 100 years ago eh?



To: ryoung8918 who wrote (50920)1/24/2006 8:38:31 AM
From: kris b  Read Replies (1) | Respond to of 110194
 
Or the gov't could place a 95% tax on all savings accounts with a balance over $XXX

Why 95%?. They can confiscate 100% of it..It happened before, just exchange the notes , invalidate the old ones.


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