Cyprus 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. http://t.co/GusqQyZD
— 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 http://t.co/NajIu6Nl
— Steven Greenhouse (@greenhousenyt) February 10, 2013
GOP cranks up class warfare again with tax-break plans. Time for a wealth tax http://t.co/6Pno69oZ
— Daily Kos (@dailykos) October 21, 2012
— Jeffrey D. Sachs (@JeffDSachs) November 19, 2012
Thousands in Germany Protest for Wealth Tax http://t.co/NOCDDGxR
— Fabrizio Goria (@FGoria) September 29, 2012
How are world markets and international investors responding? Not so cheerily:
— BBC News (World) (@BBCWorld) March 18, 2013
— Steve Kuriigamba (@stevekuriigamba) March 18, 2013
— Linda Yueh (@lindayueh) March 18, 2013
A friendly public service reminder:
— David Burge (@iowahawkblog) March 17, 2013
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
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.