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Cavuto: This Whole Confiscation of Funds Has Already Happened in America

Ress Wrote: Mar 19, 2013 1:36 PM
What few people realize is that the US Government is already stealing from everyone's savings. The only difference between us and Cyprus is that here the crime is being done through the stealth theft of inflation rather than overt robbery. But we are all being robbed.

Yesterday we learned Cyprus has closed its banks as it prepares to take 10 percent out of private bank accounts to bail itself out of bad economic decisions. Fox News host and business expert Neil Cavuto is warning this isn't simply a concept in some small, far away country, but something that has already happened in America through ObamaCare's 3.8 percent tax on home sales. And yes, it can get worse.

"Taxing you not on what you make but what you have."

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