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APR 06, 2013 - Zero Hedge

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Obama Proposes Retirement Account Limit In First "Wealth Tax" Salvo

The witch-hunt against the "rich" (as defined by a random group of people) through the establishment of creeping global capital controls continues. First, it was Europe deciding that €100,000 in savings is the "fair" threshold on savings above which any haircut goes, with Cyprus demonstrating first. and next Italy making it clear local depositors above the threshold will also be impaired in the future; then a group of journalists mysteriously lands millions in top secret files exposing essentially every offshore bank account: a perfectly legal option, however when mixed in with the ... Read More

Tags: Obama Proposes Retirement Account Limit In First "Wealth Tax" Salvo,  Accountant Latest News