IMF suggests Cyprus solution for EU

[pmbug]

A group of economists from the IMF plays with the idea to raise once the savings in the eurozone. a super tax of 10 percent This would the huge indebtedness of most countries be solved at a stroke. It would be an alternative to tax increases and spending cuts.

The economists are rushing to say that it is a purely theoretical proposal, a math problem so kind, but it is an efficient solution to the debt problem. For a group of 15 eurozone countries would be a measure of the debt reduced to acceptable levels before the financial crisis of 2008.
Fair

The idea of ​​a tax on savings is not new and sticks occasionally re-emerged. In 2011 the Boston Consultancy Group already suggested something similar. These advisors were then on a charge of as much as 30 percent to come from the crisis. In April this year Steen Jakobsen, chief economist of Saxo Bank, had a load of 10 to 15 percent.

Allowing citizens to help pay for the crisis with such one-off super tax is very unusual, but attractive, according to the IMF economists. "If it is entered before it can withdraw from people and people know that it is really one time, then it will not distort their behavior, and perhaps even be seen by some as fair."
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Yeah, gold bugs are the crazy people.

 

[Aubuy]

Crazy is putting all your money into Gold. Diversification is key. Maybe instead of Goldbugs we need another term for a wise diversification of assets that includes Gold. Maybe WiseAss?

 

[pmbug]

I think that's what they call "preppers" - also known as "domestic terrorists".