3 ms·
Like 90% of the past 5 years, this isn't a banking problem, it's a government problem. The IMF can suggest ways to fund a bail out, but the government has to a
by tatsuke95 14y ago
Like 90% of the past 5 years, this isn't a banking problem, it's a government problem. The IMF can suggest ways to fund a bail out, but the government has to accept it. Confiscating your citizens money is a horrible precedent.
- ams6110 14y agoWhat is any tax but confiscation?
- tomp 14y agoUsually, it's not retroactive.
- waterlesscloud 14y agoIt often is retroactive. California is looking at a retroactive tax on angels and entrepreneurs right now. http://www.businessinsider.com/california-entrepreneurs-retroactive-tax-2013-1 http://www.businessinsider.com/california-entrepreneurs-retr...
- deleted 14y ago[deleted]
- mkr-hn 14y agoWeakly moderated forums are usually a bad place to discuss the role and funding of government.
- wintersFright 14y agoGoverments steal purchasing power already via targeted 2% inflation. There is a precedent already - this is just a different way to skin the cat (or more to shear the sheep!)
- tatsuke95 14y agoNot really. Unexpected inflation hurts. Central banks don't hide the fact that they target positive inflation figures. If you stuff your money in a mattress, you will lose PP. Not if you put it in practically ANY investment vehicle, throughout history. Though, I get your point. Nobody guarantees the value of your dollar earned over any period of time, nor that it won't diminish in value with the production of more dollars.