Monday, March 25, 2013

The "Wealth Tax" Contagion Is Rapidly Spreading: Switzerland, Cyprus And Now ....


In case anyone is still confused about what is going on, here is the summary: any geographic venue that for whatever reason was once considered a global tax haven in the "Old Normal", be it Switzerland, Greece, Luxembourg, Singapore, or as the case may  be Lichtenstein, is now fair game for confiscation and otherwise expropriation of local capital.

In other words, the forced ~30% wealth tax on all financial assets is coming. -- ZH