Bundesbank say that gvt should draw on the wealth of their citizens before asking for help.!!!

well, we’ve had a few examples the last few years about how governements are soo good at  doing anything they can to remain in power. anyway, I wrote a bit in different posts as this one https://relativemoney.wordpress.com/2013/11/06/the-coming-wealth-tax-a-recurrent-theme-with-the-imf-flavour/   Reuters report that Germany’s Bundesbank said on Monday that countries about to go bankrupt should draw on the private […]

The coming wealth tax a recurrent theme with the IMF flavour

September 2011 the BCG or the Boston Consulting Group came up with an interesting paper called  “Back to Mesopotamia” suggesting that governement should study a global “Wealth Tax” in order to get off the hook of the cripppling debt overhang. See the following link : http://www.bcg.com/documents/file87307.pdf Icecap Management brings us a good overview about the “progress” […]