The other day, the tiny Mediterranean nation of Cyprus attempted to confiscate between 7 and 10 percent of all bank deposits in the country.
Considering that the situation in Greece is worse than Cyprus and, at least in some respects, California is worse off than Greece, we wonder how long it will be until someone proposes something similar in California; California has already seriously considered taxing people who move out of state.
Sure, it sounds crazy now, but let this situation unfold for a few more years.
