Quote from: RAJSALLIN on March 31, 2014, 12:40:00 PM

Quote from: electronistul on March 31, 2014, 12:29:35 PM

Quote from: AnonyMint on March 31, 2014, 12:01:11 PM

[...] I see confiscation coming in 2016. So that is why I am analyzing [...]

I am so sorry to pollute Risto's thread with unsuitable words, but WTF ?!
What confiscation ? Who's confiscating what ?! Are we in the middle ages or bolshevik Russia _(CCCP)_ now ?
AnonyMint, would you please care to share your thoughts / analysis / sources on this one with us ?

The world economy is going down the drain due to the enormous debt build up. In order to prevent total chaos when the castle starts breaking apart governments will want to confiscate as much wealth as possible. They won't go down without a fight so to say. And their best fighting power is taxation of different sort. How far they go is the question. I don't think they would go to the obscene levels Anonymint speaks of (70%+ taxation) but who knows.

France is already taxing the wealthy at 75% even though everyone acknowledges it is not actually going to bring in much if any revenue (wealthy are leaving France). President Hollande has said the new tax is "symbolic" and designed to make a political statement that everyone should pay their fair share.

http://money.cnn.com/2013/12/30/news/economy/french-tax-75/

Nothing preventing that logic from marching right down the tax brackets first to the upper middle class and then the middle class.