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Dr. Helen

Scary

March 18th, 2013 - 4:02 am

CNBC has a poll up asking readers: “Should the Cyprus Deposit Levy be Scrapped?”:

Cyprus’s bailout, is the first one in the four-year old euro zone debt crisis to penalize savers, via a deposit levy.

Under the bail-in as it’s called, savers will get equity in the bank in return for a levy of 9.9 percent on accounts above 100,000 euros and 6.75 percent on accounts below that.

The move has been severely criticized for harshly confiscating money from ordinary savers, many of whom rushed to ATMs over the weekend to withdraw cash.

Here’s the scary part: the poll they put up for readers has over 30% of respondents saying that no, it should not be scrapped or they don’t know (so far, maybe this will change). Seriously? People always say that things like this will not happen here. But when I see polls like the following, I sometimes wonder when 30 something percent will become 51 percent:

Should the Cyprus Deposit Levy Be Scrapped?
Yes, completely
67%
67%
No, keep it
15%
15%
Keep it, but modify it
11%
11%
Don’t know, can’t say
7%
7%
Total Votes: 1738

How many times have you thought to yourself that it can’t happen here when you hear about some atrocity in another country? We should realize that with human nature, anything is possible, both for good and for evil.

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All Comments   (5)
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Where's the option for "should those who thought up the Cyprus Deposit Levy be arrested and tried for conspiracy to commit theft?"
1 year ago
1 year ago Link To Comment
That poll shows that 30% have bought the vilification of the rich hook, line and sinker.
1 year ago
1 year ago Link To Comment
It won't happen here,,,because, the Feds are looking at ways of expropriating our 401k and IRA accounts. They plan to take the money and issue 'guarantees' that we will have money for our retirement, via the fed gov. Of course you must continue to 'save'. And, of course, 'the poor' (women, minorities and low lifes) will get more out than they put in, and you dont even have to guess who over-contributes, do you?
Redistribution and 'spreading the money around' is so much fun.
1 year ago
1 year ago Link To Comment
Irresponsible people who don't want to behave in a civilized manner have declared war on those who do. These people probably don't have any money in the bank, and are either a woman or a minority who see it as a way to grab resources from "the rich." They vote Democrat for the same reason.
1 year ago
1 year ago Link To Comment
Sure, it can happen here. And it probably will. As with most taxes of this sort, they will most heavily fall on the middle class. For, as the government knows, it is from the middle class that all good monetary blessings flow.
1 year ago
1 year ago Link To Comment
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