In response to:

EU Goes All Soviet on Rich Russians

TrustNoOne Wrote: Mar 26, 2013 12:20 PM
The idea of taxing property is not new. It has been happening in America for centuries. While we gripe about it, Americans have come to accept the idea of a property tax on everything from our homes, to cars, to business inventory. Property is property. Why should the person who decided to use their money to buy a house (with income which has already been taxes) have to pay property tax every year whereas the person who decided to put their money in the bank does not have to?
Reginald10 Wrote: Mar 26, 2013 4:03 PM
Because the real estate requires some State input for its upkeep: police and fire protection, the road, water, and sewer systems that serve it, etc.

Money in the bank is privately held, and so the State does not need to look after it. It is protected by the bank (paid for through arbitrage and/or bank fees), and requires no services.
bbtruth Wrote: Mar 26, 2013 10:43 PM
Most real estate. Also, "requires" is probably not the correct word.

Oh, my gosh; what a great idea: Does Obama even KNOW that he can tax Russian millionaires and billionaires?

Just wait until he finds this new method of taxing and spending. Think of all the bad ideas we can fund with these new “revenues.” 

The European Union and Cyprus teamed up over the weekend to come up with a revolutionary way to destroy confidence in the banking system.

Confiscate the biggest depositors’ money in the country’s largest bank, kill the second largest bank- and just make sure that you only give Cyprus enough money to ensure a...