Comment on Europe Announces Bailout For Cyprus — Bank Depositors Get Instant 10% TaxparentComments−ahomescu113yYes, one problem I see that this is repeatable and not predictable. Continual inflation can be predicted and planned for, but confiscation of people's money can happen whenever the government needs money. What if next week they take another 10%?
Comments
Yes, one problem I see that this is repeatable and not predictable. Continual inflation can be predicted and planned for, but confiscation of people's money can happen whenever the government needs money. What if next week they take another 10%?