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Old 08-24-2009, 09:09 AM
KTP KTP is offline
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Default Wouldn't this be a hoot!

This is not a political thread.

I saw this article today titled "Will the US Adopt a wealth tax to avoid default"

Will The US Adopt A "Wealth Tax" To Avoid Default?

How fun would that be! Imagine living cheaply and thrifty, saving a nestegg for many years and then the Government imposes a wealth tax on your savings account, in effect double taxing your money and penalizing you for saving. What a great idea!

I realize that this was just a thought put out there by the writer of this article, perhaps a scare tactic, but it does make one think about moving a bit of one's nest egg offshore...
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