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<p>[QUOTE=&quot;Blaubart, post: 1666865, member: 37498&quot;]What makes the bank account scenario more of a concern than the possibility of banning private ownership of PM is just how easy it is for a government to essentially steal money from bank accounts.&nbsp; Nobody even has to leave their office.&nbsp; It&#039;s all electronic.&nbsp; Tappity, tap, click, done!</p><p><br /></p><p>If they want to tax or confiscate my PM, as it has been pointed out before, they&#039;ll have to come and take it.&nbsp; If they do that, they&#039;ll be getting my lead first.&nbsp; And I own a WHOLE lot more lead than silver and gold.</p><p><br /></p><p>Here&#039;s another question: Is it right to impose such a tax against monies held in bank accounts and not tax other deposits of wealth simply because it&#039;s easy to take money from banks?&nbsp; Is it really fair that people who have kept their faith in fiat currency and the banking system to pay such a tax while people sitting on piles of bullion don&#039;t?&nbsp; Of course we&#039;d need to ignore other aspects of ethics to consider the alternatives.&nbsp; Governments could require everyone to register all forms of wealth held outside of banks:&nbsp; Stocks, bonds, real estate, precious metals, jewelry, fine art, collectible coins, baseball cards, comics, etc.&nbsp; But that wouldn&#039;t include everything, so what&#039;s next?&nbsp; Total asset registration?&nbsp; Would it apply to just durable goods, or to consumables too?&nbsp; Because people could argue that their stockpiles of ammo are &quot;consumable&quot;, and not &quot;investments&quot;.</p><p><br /></p><p>More than anything, I think this whole scenario erodes confidence in banks and fiat currency.&nbsp; Most people trust banks with their money nowdays.&nbsp; They know they aren&#039;t getting much of a return on the money stored there, but at least it&#039;s safe from theft.&nbsp; Unless of course the government comes in the back door and snatches it.&nbsp; Sure, it&#039;s only +/- 10% in Cyprus right now.&nbsp; But what happens there or elsewhere when people see how easy it is?&nbsp; It could very well become 10% annually.&nbsp; If they&#039;re taking 10% annually from bank accounts, but not taking anything else from other stores of wealth, what do you suppose that would do to the banking system?[/QUOTE]</p><p><br /></p>

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