Why not just rob the banks?

[Sidewinder]

Why bother assessing taxes?

Why shouldn't the government just ROB THE BANKS?

Cyprus is a Eurozone country. Like several others, they're in deep trouble. The European Union is giving them a rescue package. The catch is that the rescue must be partially paid for by a "special levy" on deposits at all Cyprus banks. Deposits over 100,000 euros will be clipped by 9.9%. Accounts containing less than that will only be trimmed 6.75%.

That would be so easy to implement here. No need to bother with Form 1040, and sales tax, and property tax, and all that paperwork. Just rob the banks.

[Guest032516]

Socialism - Sooner or later, you run out of other people's money.

[JD Barleycorn]

Isn't that the reason Dillinger gave for robbing banks; because that's where the money is.

According to socialist philosophy all money belongs to the state and not to the people. So it is not stealing, it is just...redistribution.

[CuteOldGuy]

That was Willie Sutton who said that.

[IIFFOFRDB]

Coming soon to the USA...fuckers

[Sidewinder]

Originally Posted by CuteOldGuy

That was Willie Sutton who said that.

You probably shouldn't have said that, COG.

We are now going to get three pages of apoplexy screaming about racism.

[Guest032516]

Originally Posted by Sidewinder

You probably shouldn't have said that, COG.

We are now going to get three pages of apoplexy screaming about racism.

Why? Willie Sutton was white.

[chefnerd]

Actually, Willie Sutton, in his 1976 autobiography denied ever saying that. In fact, in 2000 it was attributed to a different Willie, named Horton.

http://quoteinvestigator.com/2013/02/10/where-money-is/

[CuteOldGuy]

That Horton reference is clearly a typo. The phrase was around long before Willie Horton was born.

[JD Barleycorn]

Yeah, I think both of them said it but maybe Sutton was first and Dillinger just copied the quote. I know who Wilie Sutton was and I also know who Willie Horton is. Too bad the same can't be said for some of our residents. Still, it fits with what they are doing in Europe and coming to the US in about ten years. So all of you guys who are in the your 80s, don't sweat it. They will come to steal your money after the fact.

[i'va biggen]

Is why we do to hooker boards it is where the pussy is.

[Texas Contrarian]

An important distinction: Unlike cases involving an old-fashioned "bank robbery," it isn't just bank equity that's exposed here. Under the terms of the seizure mandate, the "tax" is levied directly on banks' individual depositors to the extent that they have funds currently deposited in the banks. And it hits even small savers.

Some people might think, "So what? I mean, this is Cyprus. How important is that?" To those, I suggest that you consider the precedent set by this seizure. Who's next? Spain, Portugal, or Italy? They're all eurozone countries, as is Cyprus. You could soon see bank runs over much of the continent.

Given the amount of bad blood between German political leaders and several economically beleaguered eurozone nations, a whole lot of things can go badly wrong. And some already have.

[Guest032516]

Originally Posted by CaptainMidnight

An important distinction: Unlike cases involving an old-fashioned "bank robbery," it isn't just bank equity that's exposed here. Under the terms of the seizure mandate, the "tax" is levied directly on banks' individual depositors to the extent that they have funds currently deposited in the banks. And it hits even small savers.

Some people might think, "So what? I mean, this is Cyprus. How important is that?" To those, I suggest that you consider the precedent set by this seizure. Who's next? Spain, Portugal, or Italy? They're all eurozone countries, as is Cyprus. You could soon see bank runs over much of the continent.

Given the amount of bad blood between German political leaders and several economically beleaguered eurozone nations, a whole lot of things can go badly wrong. And some already have.

It looks like the answer to "Who's next" is going to be "New Zealand":

http://www.scoop.co.nz/stories/PA130...ew-zealand.htm

This is much more disturbing than Greece or Italy or Spain grabbing deposits. I half expect that type of behavior from any country in Southern Europe. They are all a bunch of socialist wankers to begin with.

But I've always believed that any country that traces its history back to England and to the common law generally has a better understanding of, and respect for, private property.

I guess not.

[Texas Contrarian]

Originally Posted by ExNYer

It looks like the answer to "Who's next" is going to be "New Zealand":

http://www.scoop.co.nz/stories/PA130...ew-zealand.htm

This is much more disturbing than Greece or Italy or Spain grabbing deposits. I half expect that type of behavior from any country in Southern Europe. They are all a bunch of socialist wankers to begin with.

But I've always believed that any country that traces its history back to England and to the common law generally has a better understanding of, and respect for, private property.

I guess not.

Geez! That's the first report I've seen on any potential Kiwi push to go for this sort of grab.

I always thought New Zealand got very good marks for economic freedom, or at the very least landed on a lot of "top 10" lists. Now it looks like people might need to rethink that one.

[SEE3772]

Why not just rob the banks?

Ah... because they have (government/corporate/military/police/media) drones for Elsie?