Could a Cypriot savings tax happen here?

Cyprus protests
Cyprus protests

Government's freezing bank accounts and siphoning off savers' money as they see fit is the stuff of fiction and nightmares. Unfortunately for those in Cyprus the savers' tax has turned pushed those nightmares into reality.

We've all sat open-mouthed at the gall of the Cypriot government's plan to tax hard-working people who aren't Russian oligarchs just because they had the gumption to save their cash rather than spend it.

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