Since the US Dollar is the currency of choice for the rest of the world, we do not have to worry about the taxation of our bank accounts. The US government, in cahoots with the Federal Reserve, has disquised this process by their "quantitative easing" or printing of money, thus devaluing the dollar and our savings thru inflation. This is why the Democrats and Obama don't worry about deficit spending and the National debt. Their plan all along has been to tax us through inflation and the less educated will not know what hit them. The debt problem will be solved and anyone with any savings will have been robbed of their purchasing power.. Redistribution will be complete and we will all be equally poor.