The Socialist government of Cyprus is planning on stealing money—they call it a tax—from the savings accounts of Cypriot citizens.
People will lose between six percent and nine percent of their savings.
Naturally, the government has closed the banks for fear of a run by depositors. They call it a “banking holiday.”
Notice how the left not only destroys individual liberty and entire economies, but also language.
It can’t happen here, right?
It can, and it will. Because the Cyprus banking crisis is a natural byproduct of the welfare state. It’s what happens when liberty is replaced by equality of outcome.
Obamacare will, eventually implode. There is no other outcome.
Bernie Madoff is in jail for setting up a Ponzi scheme.
Obamacare is a government Ponzi scheme.
Sooner or later, after Obama and his merry band of socialist thieves leave office, an American government—Democrat or Republican—will declare a national emergency and levy a taxes on your savings.
Because as Obama has already told us: ”You didn’t build that.”
Shorthand for: Personal property is now government property.
Welcome to the future.