Cyprus Bailout Risks Europe Bank Runs

[Mr Khan]

Kasz216 said:

Mr Khan said:
No wonder the Socialists are making gains in Cypriot polls. Let the banks fail: protect the people, and to a lesser extent, the businesses.

Asset seizures should only be used when someone's actually done something wrong, like back child support payments or tax evasion.

I'm actually kind of surprised.  Considering your pro "Salary maxium" I thought  a wealth tax would be something you support.

Since that's what this is.

I would of thought your only objection would be the tax to those under the insured line.

True, but this is like ex-post-facto income capping. It sets a very different precedent.