Editorials & Other Articles

pampango

(24,692 posts)

6. Deposits under $100,000 are protected. Those above that amount are taxed.

Sat Mar 23, 2013, 07:57 AM

Mar 2013

Rich folks are not happy (many of them Russians who saved their money in Cyprus to escape regulation, corruption and taxes in Russia). Making rich people mad about having to pay taxes can be painful because they can take their money elsewhere and find a new tax haven, but what is the alternative?

The banksters had taken over Cyprus' economy turning it into a banking haven for foreign money as they had done in Iceland and Ireland before Cyprus. Just as Iceland and Ireland had go through the painful process of reigning in the banks in and restoring balance to their economies, Cyprus has to do the same.

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From Detroit to Cyprus, Banksters in Search of Prey [View all] xchrom Mar 2013 OP

Are you people aware that Kurovski Mar 2013 #1

... xchrom Mar 2013 #2

oh gosh. Kurovski Mar 2013 #3

Second That! Demeter Mar 2013 #15

Always with the worthwhile links. Kurovski Mar 2013 #16

Yep, the Crisis of Capitalism. bemildred Mar 2013 #4

Fucking vultures. They all should be in prison labour gangs, rebuilding by hand what they helped to idwiyo Mar 2013 #5

Deposits under $100,000 are protected. Those above that amount are taxed. pampango Mar 2013 #6

Did you know that currently US banks can take your deposits. fasttense Mar 2013 #7

If you follow the links in the story, you'll see that the US gov't has been considering Flatulo Mar 2013 #8

k/r marmar Mar 2013 #9

Another case of banks getting caught up in Greek bond market derivatives and getting Flatulo Mar 2013 #10

DU Rec Tuesday Afternoon Mar 2013 #11

A worker's revolution........ socialist_n_TN Mar 2013 #12

Great post cbrer Mar 2013 #13

Just came on to see if this had been posted.....it deserves more notice than it's gotten tpsbmam Mar 2013 #14