IMF Proposal to Tax Bank DepositsJames Hall Before all those occupy supporters, rejoice and start their partying, the sober reality of the actual methods that the financial elites would use to implement revenue enhancement, needs a closer examination. Contrast the interpretation from Europe with the broader assessment in, IMF Discusses A Super Tax Of 10% On All Savings In Eurozone. The tax rates needed to bring down public debt to pre-crisis levels, moreover, are sizable: reducing debt ratios to end-2007 levels would require (for a sample of 15 euro area countries) a tax rate of about 10 percent on households with positive net wealth(*). Analysis from The Market Oracle, Raul Ilargi Meijer adds the correct context, implication, and significance in this IMF Taxing Times. The exact detail scheme of any wealth toll certainly has to be broad in scope for remotely approaching a reprieve on immediate default. The sums of funds necessary to rescue the global banksters gambling tab requires that claims on assets, once thought to be secure, must be tapped. Dave Hodges writes in The International Plot to Steal All Retirement Accounts and hints at the actual target of the IMFs effort to soften up the climate for drastic measures. The central banker club uses the IMF as an enforcer. Derivatives used as transferring the debt obligation to the unsuspected asset claimers, are instruments for expropriation. The mere mention of a tax on bank deposits causes a red alert in financial investment circles. However, the public is so dependent on the whims and continued existence from government policy and programs that the threat of raiding bank accounts does not compute. Economic subsistence, with no cash reserves or negligible nest eggs, for the majority of the masses is routine. Draining the coffers or annuities of retired public employees, really is an acceptable alternative, since the less privileged perceive their status would get a jump-start when the affluence differential narrows. Only those who have something to lose will see the IMF trial balloon as a danger to their monetary well-being. The class warfare card works every time. As long as the underlying reasons why the unsustainable debt obligations, mathematical inability of being serviced, without direct appropriation of massive assets from the ordinary public, is ignored. Here resides the connection that anyone who is part of the paper financial system, is so unwilling to confront. The anointed PC rich, like Sir Richard Branson avoids their tax duties by fleeing to tax havens of artificial exemptions. What is next, just orbit the planet from space to keep the IMF collector out of your pockets? Brokerage and security firms danger zones are creations of the financial elites, to fleece private depositors of their retirement savings. Schlocks like Jack Lew weave government policy to feed his banksters appetites. James Hall is a reformed, former political operative. This pundits formal instruction in History, Philosophy and Political Science served as training for activism, on the staff of several politicians and in many campaigns. A believer in authentic Public Service, independent business interests were pursued in the private sector. Speculation in markets, and international business investments, allowed for extensive travel and a world view for commerce. Hall is the publisher of BREAKING ALL THE RULES. Contact batr@batr.org 