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."
|Katie Pavlich is the News Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is a New York Times Best Selling author. Her new book Assault and Flattery: The Truth About the Left and Their War on Women, will be published on July 8, 2014.|
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Author Photo credit: Jensen Sutta Photography