I heard a couple of the 'money guys' on Fox earlier today say it would be unlikely and unnecessary because...we just keep printing money!! Besides there would be rioting unlike no other! Of course the way things are going...I wouldn't put anything past this bunch!!!
And that, of course, is also a tax of sorts. Inflating the value of your money away is a "hidden tax" while the government continues to print money it doesn't have. Money "earning" interest in a bank account, or even a CD at current rates is guaranteed to lose value just sitting there. And to add insult to injury, you are still taxed on the interest you make!
Could it happen here? Back in the Clinton Administration they were kicking around a "one-time" 1% tax on IRA/401k account balances. So yes, it could. Nothing is out of bounds for a government that is strapped for cash and desperate. They will just try and take the least politically risky approach to taking what they want. In our government's case it's printing more money because most folks in this country don't have a clue how that is affecting them. The tax that isn't a tax so to speak. When things get really desperate (inflation starts becoming visible so they can't print more, creditors come knocking at the door, etc) then they will get more overt - like Cypress. We still have a bit of time I think before we are there - so far they are only looking at "the rich." Our turn will come, one way or another; either we will join "the rich" because the dinar revalues, or if not, when they start dipping even deeper into the populus - first the "upper middle class", and then down to the "poor." This is the time to prepare for the bad times to come.
And as for the rioting - what do you think the 1.6 billion rounds of hollow point and the drones are for?