wealth destruction Archives - munKNEE.com
Tuesday , 27 October 2020

Tag Archives: wealth destruction

More Weapons of Mass Wealth Destruction Likelier By the Day

Households in the U.S., Europe and Japan may soon face fiscal shocks worse than any market crash. Powerful economic players are deciding that with an ever-deteriorating global fiscal outlook, conventional levels and methods of taxation will no longer suffice. Indebted governments may soon consider making weapons of mass wealth destruction , such as the IMF's one-off capital levy, Cyprus's bank deposit confiscation, or outright sovereign defaults, likelier by the day.

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