Would any Aussies like to weigh-in on this?
I realize posting a story like this in the Liberty.me forums is like throwing chum to ravenous sharks. Let the feast begin!
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Australian Gov't seizes funds from idle accounts
Would any Aussies like to weigh-in on this?
I realize posting a story like this in the Liberty.me forums is like throwing chum to ravenous sharks. Let the feast begin!
I’ll bite,
Despite this story having been around for some time now, it seems that the information hasn’t shaken Aussies up. No one seems to care.
I’ve tried to tell family and friends but they just shrug their shoulders at me. People don’t believe the Government would do such a thing, or maybe they don’t want to know. I can’t understand the apathy.
This article should come as no surprise to anyone who mildly pays attention to the news, because I think they used to steal currency from accounts after seven years. When I was growing up the interest rates were very high, so I can understand why people used to sit on their savings. You wouldn’t do that now because interests rates are so low, but this is how people are being robbed.
I’ve read some follow up stories about people trying to repatriate their currency and it seems like a difficult thing to achieve. I’m unsure if anyone has been successful.
From what I’ve read it seems like the Australia Government is also attempting to implement austerity measures, but i believe they’re trying to do it under the table so no one notices. They’ve already made suggestions at confiscating our superannuation to help pay off the national debt.
The way I see it, I’ll do the best I can to prepare for such measures from the Government, and as for everyone else, I’m sick of caring.
So the justification of this policy was to prevent individuals from sitting on their money and encourage them to spend it? I just can’t believe something like this would ever get passed into law without there being a major uproar. I guess the State simply got tired of subtle theft through taxes… might as well be up front about what one is doing.
I am willing to bet that the apathy in the face of this expropriation is similar to that in the face of elections, when people don’t have the tie to really research what’s going on and are resigned to the workings of the mechanism as a whole, so just go along with it cos it’s easier in the moment than going all agorist and giving the taxman the middle finger.
Yeh this is no new news….to echo what kieran said, most people in Aus don’t care. They are as equally uninformed if not more than most other western countries. No one will really start to take notice until a crisis hits and they do the bail ins….but even then, that will only be a small percentage of “wealthy” people that get stung and the average aussie is probably just as broke as the average yank.
New Zealand has similar laws, but once again, a poor middle class who as a whole, don’t really have any money to confiscate because taxation leaves you with nothing.
I have met a few people of moderate networth, both in New Zealand and Australia who are spreading their wealth around in different institutions so they arn’t stung in some lehman style event.
There is no justification for it, no one really knows why they’re doing it. There is never an uproar about anything because no one finds out about these things before it’s too late.
Under our constitution, citizens cannot initiate a referendum, so once a law is snuck through, it’s virtually impossible to remove it.
Notice all the “slave speak” in the article? The money was “collected” by or “transferred” to the government, not “stolen.” Even when portraying the theft in a somewhat negative light, the caption on the picture says you could see your money, “snatched back by the government.” “Back?!?” As if all wealth and all good things flow from government, and we are merely allowed to hold on to them for a while. There’s a lot of work to do to wake people up out there!
