Cyprus depositors should take the deal, getting off easy comprd 2 the wealth tax coming on citizens in other over indebted countries ahead.
—
Daniel Weston (@danielweston83) March 17, 2013Cyprus has agreed to a deal with European Union creditors that will impose a tax as high as 9.9 percent on bank deposits.
Fortunately, Cyprus is just a tiny country in the Mediterranean. Here in the United States, such a plan is unthinkable, right?
Or maybe not. In fact, some people think a wealth tax is exactly what our country needs:
Why any sensible tax reform should include a wealth tax on the vast accumulations of wealth at the top. robertreich.org/#.UQHU3ySLN6U.…—
Robert Reich (@RBReich) January 25, 2013
To cut deficit, some say U.S. should look beyond income tax to creating a tax on households' overall wealth nytimes.com/2013/02/10/bus…—
Steven Greenhouse (@greenhousenyt) February 10, 2013
GOP cranks up class warfare again with tax-break plans. Time for a wealth tax bit.ly/XG9MVM—
Daily Kos (@dailykos) October 21, 2012
Good idea today by @altmandaniel to introduce a new wealth tax. I recommend similar tax in Price of Civilization. nytimes.com/2012/11/19/opi…—
Jeffrey D. Sachs (@JeffDSachs) November 19, 2012
Thousands in Germany Protest for Wealth Tax cnbc.com//id/49223665—
Fabrizio Goria (@FGoria) September 29, 2012
How are world markets and international investors responding? Not so cheerily:
Asian markets dip after news of #Cyprus bailout plans bbc.in/16DeERc—
BBC News (World) (@BBCWorld) March 18, 2013
#Oil falls sharply as #Cyprus bail-out sparks concern bdlive.co.za/markets/2013/0… #World #Economy—
Steve Kuriigamba (@stevekuriigamba) March 18, 2013
Euro Slides Most in 14 Months as #Cyprus Roils Markets: -1.5% at 1 point to below $1.29 now up slightly, -2.8% vs yen bloom.bg/WugzVk—
Linda Yueh (@lindayueh) March 18, 2013
Major EU Markets: MIB, CAC, DAX, FTSE, IBEX all down. Hardest hit: Italian MIB: -2.19%, Spanish IBEX: -2.35% #Cyprus http://t.co/jj6jR3ljI4—
Andreas A Moutsouris (@mouts) March 18, 2013
A friendly public service reminder:
This is a good time to remind everyone that George Soros made his entire fortune in currency speculation. #EU #Cyprus—
David Burge (@iowahawkblog) March 17, 2013
Update:
The Cyprus parliament has reportedly canceled today’s vote on the bailout.
CYPRUS PARLIAMENT CANCELS TODAY'S VOTE ON BAILOUT—
MNI Eurozone (@MNIEurozone) March 18, 2013
Rumours that vote on new #Cyprus tax bill may be delayed. I'm outside parliament waiting for confirmation.—
Mark Lowen (@marklowen) March 18, 2013
Update/Clarification:
We changed the headline to make it clear that the liberals cited in this post were supporting a wealth tax similar to the one being considered in Cyprus. They were not speaking out specifically in favor of the Cyprus policy.
