“One of the latest reports from the IMF discusses a super taxation of 10% on savings in the Eurozone. That would solve the debt problem in most sovereign countries. It would be an alternative of higher taxes or spending cuts.  The economists who wrote the paper hasten to say that it is a theoretical proposal. Still, it appears to be ‘an efficient solution’ for the debt problem. For a group of 15 European countries such a measure would bring the debt ratio to ‘acceptable’ levels, i.e. comparable to levels before the 2008 crisis.  One of the graphs (page 14) is also noteworthy: ‘Relative to previous projections, fiscal deficits are somewhat larger in most countries, reflecting a weaker economic environment.'”

http://goldsilverworlds.com/money-currency/imf-discusses-a-super-tax-of-10-on-all-savings-in-eurozone/

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