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[aaronjb]

http://www.marketoracle.co.uk/Article42669.html

[albitz]

Imo the line between IMF and EUE became very blurred a long time ago. That rug muncher woman at the head of the IMF is an EU puppet.
This is the standard socialist state mentality.They simply do not accept that private individuals have the right to keep their own money.
The state must take control of it and use it for the greater good their own ends.

[aaronjb]

I was surprised that in a quick straw poll at work, the number of people in support of this was >0.

I was more surprised that the person in support was English (we have a high proportion of EU & non-EU employees that we hire for language skills)..

[Sir Tigger KC]

Just as well I havn't got any savings then. 

[aaronjb]

Just as well I havn't got any savings then. 

It's a short hop from 'cash savings' to 'assets' though, isn't it.. and then 10% of the value of your home, car, etc..

[Varche]

Buy shares in companies selling mattresses!

Cyprus was just a test bed for such a scenario in my opinion.

[MR MISTER]

I'm definitely gonna stop doing the lottery now.

[05omegav6]

I'm definitely gonna stop doing the lottery now.

Why? The two pounds a week despair tax element not withstanding, if you win, you can literary move anywhere in the world and live as you choose without EU medalling

[MR MISTER]

I'm definitely gonna stop doing the lottery now.

Why? The two pounds a week despair tax element not withstanding, if you win, you can literary move anywhere in the world and live as you choose without EU medalling

I'd ask for anonymity and stuff it all into my matress, like what Opti does. 

[Rods2]

I'm definitely gonna stop doing the lottery now.

Why? The two pounds a week despair tax element not withstanding, if you win, you can literary move anywhere in the world and live as you choose without EU medalling

I'd ask for anonymity and stuff it all into my matress, like what Opti does. 

He's got sacks of gold Doubloons, where he likes the chinking sound they make when he counts them every night. 

[Rods2]

Once with taxes you are the wrong side of the Laffer curve, every time you put them up to raise more money the receipts go down. In the UK this applies to about half of the current revenue streams missing targets.

The Chancellors was telling delegates at their recent backslapping party conference of how he was helping cash strapped families and motorists by freezing fuel duty, when the real reason is with the last 3 successive Governments (it started with John Major's fuel escalator) pushing fuel taxes the wrong side of the Laffer curve. Each time they put them up they get less revenue due to people driving less and more people buying smaller more fuel efficient cars.

When they did raise taxes they raised VAT and IPT as these are the most difficult taxes to avoid as we all need VAT rated goods and IPT rated insurance services.

This means there are only two things left for raising more money to waste and that is one off taxes on savings and assets. This is why the Dim Lems and Liebour are so keen on mansion taxes. The problem with spendaholics is that a one off raid and spending binge will not satisfy their cravings, so they will be back again and again, until all of the saving and assets have been consumed and everything is owned by the Government so you end up like Cuba or North Korea. As an example, don't forget that income tax is just a temporary tax to pay for the Napoleonic war that ended in 1805! This much abused tax currently has a marginal rate of 62% when personal allowances are removed about £100k pa and in the 1970's you had marginal taxes of 83 and 98%. So what starts off as a one-off for a limited group will quickly become an annual and all encompassing tax. Governments when they are in a corner will do whatever it takes to save their own skins and to keep the plates spinning for a bit longer. 

I sure that useless bint at the head of the IMF would lead by example, except her salary is tax exempt of course.  Only the plebs should have to eat cake, not our don't do what we do, do what we say socialist bureaucrats.