Tim Streater writes:

In article , bert ]
wrote:

In message , Tim
Streater writes
In article ,
Huge wrote:

On 2013-03-21, Tony Bryer wrote:
On Mon, 18 Mar 2013 07:34:46 -0700 (PDT) Harry wrote :
I wonder if our gov.will ever get round to the idea of taking 10% out
of everyone's bank account?


http://www.reuters.com/article/2013/...ament-idUSBRE9
2G03
I20130317

If you reckon that it would be reasonable to get 5% interest on your
savings and instead you're getting 0.05% or somesuch silly rate, you'll
be 10% down after a couple of years.
QE has reduced the value of (y)our savings by far more than 10%. The
only
difference between QE and what the Cypriot authorities are doing is that
the latter is more blatant. Either way, the State is stealing your
possessions for its own ends.

Actually I'd have said making you pay now for what you've already had
on tick.

I haven't got anything "on tick". Pensioners still pay taxes.

Perhaps not you personally, but the UK population as a whole.

Yes, almost everyone has bought a house 'on tick'. Hardly anybody,
other than those with very rich parents, pays cash for a first house.

When the world changes, as it does, companies and private individuals
may find their income reduced.
That may not cause any immediate problem other than a need to reduce
the outgoings, but the next such change can mean that there's a need to
borrow in order to pay for modernisation, repairs, etc., the
alternative being to go out of business. Or, for an individual, to
become homeless.
That's unlikely to be anyone's first choice.

Some few may recklessly borrow huge amounts without good reason, but I
doubt if many would.


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Windmill, Use t m i l l
@ O n e t e l
. c o m