Saturday, March 16, 2013

Cypriots get robbed overnight

So it begins...

"People with less than 100,000 euros in Cypriot bank accounts will have to pay a one-time tax of 6.75%, while those with more will have to pay 9.9%. It is expected to raise 5.8bn euros in additional revenue."



Today it's only 6.75 % in a small country. Let's see what happens when they steal 50 % in a bigger country tomorrow.