The Coming Expropriation Of 10% Of Everyone's Accounts

[Devonian]

If the government really needed to generate that kind of extra money, the easiest and least risky way for them to did it would be to introduce a financial transactions tax (as has been discussed), or even just to put an extra few % points onto VAT or income tax....

For example a 25% VAT rate would probably be more lucrative and less risky than taking 10% from everyones accounts.

But at the moment tax rates are actually (slowly) heading downwards so again what does that tell you - you money in your bank/savings accounts is highly unlikely to be subject to this proposal, we have an economy which is growing, so the 10% expropriation of funds is a completely unrealistic proposal (IMHO)!