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Monday, March 25, 2013

Cyprus Money Seizures Are Already Here In U.S.?

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Ira Stoll @ The New York Sun:  "...Is it the taking? Bloomberg View columnist Caroline Baum, a sage, criticized the Cyprus proposal on the grounds that it is a confiscation that “amounts to a seizure of private property.” For those of us Americans who will see the IRS or state governments withdraw funds from our own bank accounts next month for tax owed, or who are seeing payroll withdrawals and estimated tax payments this year that are higher than they have been in a decade, the distinction between “seizure of private property” in Cyprus and here at home will be, alas, an awfully fine one...."
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Posted by Unknown at 3:30 PM
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