[BitWielder1]

It's a very bad precedent. Once they start, it could happen here too.
0bama did not say anything because he was salivating at the mere thought.

[BipolarBob]

0bama did not say anything because he was salivating at the mere thought.

He can't condemn it because when he does it he'll be crucified by the media given a pass by the media. Nevermind.

[mj1234]

Obama- and his goons probably did the suggestion- to see
how it will work here-

remember- the Demonrats have been floating the idea-
of taxing your 401K’s,IRA’s etc. for sometime- and
by taxing- meaning you put in now -you must have some
type of “fee” associated with it- not just the taxes
when you withdraw-

Hell- there are ALL kinds of Taxes I can throw at the
“rich people”- including the Rich that saved.

[silverleaf]

I doubt that

If a similar bank deposit grab (er, one-time “contribution”) happened in the Caymans or other Caribbean bank haven, and affected Barry O’bama’s wealthy liberal supporters, better bet he’d be on the horn

In 2009 the obamaessiah might have threatened the Swiss banking system into becoming part of the IRS but I do believe the thrill is gone

[KeyLargo]

Business
The Crazy Cyprus Tax Plan: What Does This Mean For the U.S. & the Rest of the World?
Mar. 17, 2013 7:10pm Becket Adams

http://www.theblaze.com/stories/2013/03/17/the-crazy-cyprus-tax-plan-what-does-this-mean-for-the-u-s-the-rest-of-the-world/

[IamConservative]

It's a very bad precedent. Once they start, it could happen here too.

There are already beltway types talking about our 401K's. No doubt our lefties will see this as a "lets think outside the box" idea. This debt bubble will resolve itself with human blood. Confiscating savings seems like a good way to get the shooting started.

Kind of ironic that it is Russian money that is in Cyprus because it is ill gotten or is there to evade taxes and Putin is defending it. Likely a big pile of ill gotten rubles there in his name.