“Germany’s central bank Monday proposed a one-time wealth tax as an option for euro-zone countries facing bankruptcy, reviving a idea that has circled for years in Europe but has so far gained little traction. ‘The question arises whether in extraordinary national emergencies in addition to privatization and conventional consolidation efforts, private wealth can also contribute to avert a government insolvency,’ the Deutsche Bundesbank said. The idea of a one-time tax on private wealth isn’t new. Italy has flirted with the idea of a wealth tax over the past three years. The IMF in October also floated the idea of a one-time ‘capital levy,’ amid a sharp deterioration of public finances in many countries.”
http://online.wsj.com/news/articles/SB10001424052702304007504579346330639793674
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