A government just passed a law to raid all bank accounts.

Herodes

hero member

Activity: 868

Merit: 1000

Quote from: CIYAM on February 26, 2013, 09:27:43 AM

Quote from: Herodes on February 26, 2013, 09:20:47 AM

Do they have many trolls in their 'parliament' (not sure what they call the bunch of idiots that decide laws in Australia).

I think *idiots* is as good as term as any (although yes it is called a "parliament") - it's rather ironic that such moves are only going to help Bitcoin and other non-controlled ways of managing wealth gain popularity.

That's very correct.

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Why people are so surprised?

http://www.formationsolutions.com/blog/small-business-resources/collect-your-unclaimed-property-from-california

Quote

The California State Controller’s office has received unclaimed property belonging to over 13 million individuals and companies. This includes bank accounts, stocks, bonds, uncashed checks, and safe deposit box contents. Most accounts are turned over to the State when there is no owner contact with the institution or account for 3 years.

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: Herodes on February 26, 2013, 09:20:47 AM

Do they have many trolls in their 'parliament' (not sure what they call the bunch of idiots that decide laws in Australia).

I think *idiots* is as good as term as any (although yes it is called a "parliament") - it's rather ironic that such moves are only going to help Bitcoin and other non-controlled ways of managing wealth gain popularity.

Herodes

hero member

Activity: 868

Merit: 1000

Quote from: deepceleron on February 26, 2013, 09:14:56 AM

Quote from: Herodes on February 26, 2013, 09:07:44 AM

Unless someone confirms it with the Australian Government, I call hoax on this.

Must be a big hoax then:

Australia Financial Review:
http://www.afr.com/p/national/budget_grab_for_inactive_bank_accounts_L7FcFwa3pvczK6mmq7PvDP

Herald Sun:
http://www.heraldsun.com.au/money

I still have a big problem believing this is possible, but then again, stupidity knows no limits. Too funny then that most governements are in fact thieves, but try to hide it as well as they can, here they rob people out in the open (if it's true that is).

Quote from: CIYAM on February 26, 2013, 09:19:39 AM

Quote from: Herodes on February 26, 2013, 09:07:44 AM

Unless someone confirms it with the Australian Government, I call hoax on this.

It was on the ABC news website also (the Australian Government owns that one so a rather large hoax indeed if they did that to themselves).

Do they have many trolls in their 'parliament' (not sure what they call the bunch of idiots that decide laws in Australia).

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: Herodes on February 26, 2013, 09:07:44 AM

Unless someone confirms it with the Australian Government, I call hoax on this.

It was on the ABC news website also (the Australian Government owns that one so a rather large hoax indeed if they did that to themselves).

deepceleron

legendary

Activity: 1512

Merit: 1036

Quote from: Herodes on February 26, 2013, 09:07:44 AM

Unless someone confirms it with the Australian Government, I call hoax on this.

Must be a big hoax then:

Australia Financial Review:
http://www.afr.com/p/national/budget_grab_for_inactive_bank_accounts_L7FcFwa3pvczK6mmq7PvDP

Herald Sun:
http://www.heraldsun.com.au/money

Herodes

hero member

Activity: 868

Merit: 1000

Quote from: BlackBison on February 26, 2013, 09:06:02 AM

What the hell is this? This cannot be true surely in a western democracy? Maybe in North Korea or something... please somebody tell me its bullshit or I despair for humanity Undecided

Unless someone confirms it with the Australian Government, I call hoax on this.

BlackBison

sr. member

Activity: 250

Merit: 250

What the hell is this? This cannot be true surely in a western democracy? Maybe in North Korea or something... please somebody tell me its bullshit or I despair for humanity Undecided

Monster Tent

full member

Activity: 238

Merit: 100

Quote from: poly on February 26, 2013, 06:26:56 AM

Meanwhile on ASIC:

"There has been a delay on processing claims due to the huge number of claims ASIC has received following our unclaimed money campaign. We apologise for the delay and ask for your patience. We are working hard to clear the backlog."

If they dont deliver after 3 years the government will seize your pre order Embarrassed

poly

member

Activity: 84

Merit: 10

Weighted companion cube

Meanwhile on ASIC:

"There has been a delay on processing claims due to the huge number of claims ASIC has received following our unclaimed money campaign. We apologise for the delay and ask for your patience. We are working hard to clear the backlog."

deepceleron

legendary

Activity: 1512

Merit: 1036

Monster Tent

full member

Activity: 238

Merit: 100

Quote from: Herodes on February 26, 2013, 04:44:22 AM

Is that Australian news actually true ? Seems like a hoax to me. 3 years without touching money in an account is not exactly a long time..

so, better buy gold, silver and bitcoin then, eh ?

Claim financial stress to get your retirement savings out and buy bitcoin with it lol.

Monster Tent

full member

Activity: 238

Merit: 100

Quote from: hardcore-fs on February 26, 2013, 02:05:47 AM

It is 100% serious.....

Quote

Under the scheme, tax inspectors would get unprecedented new powers to go into homes and value rings, necklaces, paintings, furniture and other family treasures.

http://www.dailymail.co.uk/news/article-2279810/Now-want-tax-jewellery-New-wealth-tax-plan-target-ALL-assets--including-buy-let-homes.html

Many of the worlds countries are bankrupt and cannot afford to maintain the "State handouts" to the professional work avoiders, so there is a need to find tax money anyplace they can(except big businesses such as google /Starbucks/ etc).

Have a large car trailer on standby to quickly put all your valuable shit in before they visit Cheesy

Or build a secret backyard bunker !

Herodes

hero member

Activity: 868

Merit: 1000

Is that Australian news actually true ? Seems like a hoax to me. 3 years without touching money in an account is not exactly a long time..

so, better buy gold, silver and bitcoin then, eh ?

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Stephen Gornick on February 26, 2013, 01:19:35 AM

Here's the article on that:
- http://www.news.com.au/money/banking/cash-grab-inactive-bank-accounts-to-be-seized/story-e6frfmcr-1226585867131

IRAs have this problem in the U.S. now:
- http://online.wsj.com/article/SB10001424052702303754904577531142227149470.html

That's preposterous!

It will harm the trust people have in bank accounts further. Bank run anyone?

Lethn

legendary

Activity: 1540

Merit: 1000

Quote from: Monster Tent on February 26, 2013, 01:45:07 AM

Quote from: hardcore-fs on February 26, 2013, 01:43:02 AM

Yawn.......
The Uk is trying to pass laws so that the Tax people can go into your house to valuate your goods and then charge tax on them.
This is despite tax already having been paid.

Are you serious ?

Dont you pay a consumption tax already in the UK ?

Yep, it's called VAT from what I know, I'm technically paying taxes to the government on everything I get in pounds despite only being 21.

Also, as anyone capable of mathematics will tell you I suspect even if you got every single bit of cash you could from big corporations there still probably wouldn't be enough to pay off the debt even with companies as big as Apple, people think it's the magical solution but the real problem is the money printing as most of us know already.

hardcore-fs

full member

Activity: 196

Merit: 100

It is 100% serious.....

Quote

Under the scheme, tax inspectors would get unprecedented new powers to go into homes and value rings, necklaces, paintings, furniture and other family treasures.

http://www.dailymail.co.uk/news/article-2279810/Now-want-tax-jewellery-New-wealth-tax-plan-target-ALL-assets--including-buy-let-homes.html

Many of the worlds countries are bankrupt and cannot afford to maintain the "State handouts" to the professional work avoiders, so there is a need to find tax money anyplace they can(except big businesses such as google /Starbucks/ etc).

Monster Tent

full member

Activity: 238

Merit: 100

Quote from: hardcore-fs on February 26, 2013, 01:43:02 AM

Yawn.......
The Uk is trying to pass laws so that the Tax people can go into your house to valuate your goods and then charge tax on them.
This is despite tax already having been paid.

Are you serious ?

Dont you pay a consumption tax already in the UK ?

hardcore-fs

full member

Activity: 196

Merit: 100

Yawn.......
The Uk is trying to pass laws so that the Tax people can go into your house to valuate your goods and then charge tax on them.
This is despite tax already having been paid.

Monster Tent

full member

Activity: 238

Merit: 100

Quote from: Stephen Gornick on February 26, 2013, 01:19:35 AM

Quote from: Monster Tent on February 26, 2013, 12:40:38 AM

http://www.youtube.com/watch?v=96vHU4nYlXo

Here's the article on that:
- http://www.news.com.au/money/banking/cash-grab-inactive-bank-accounts-to-be-seized/story-e6frfmcr-1226585867131

IRAs have this problem in the U.S. now:
- http://online.wsj.com/article/SB10001424052702303754904577531142227149470.html

Yes this law also applies to compulsory retirement accounts - superannuation.

Topic: A government just passed a law to raid all bank accounts. (Read 1527 times)