Connecticut considers 'hoarder tax' on saved money

In a conservation years ago, an Army lieutenant said he had his great-grand father’s helmet from World War I.

“He was a sergeant in the Prussian cavalry,” the lieutenant said. He then mentioned his grandparents as having “grown up in the Hitler years.” He said, “They didn’t agree with what Hitler did to the Jews.”

From his tone of voice, I waited for the “however.” Some things you know there is a “however.”

“But they saw the Jews with all the money, and the Jews weren’t sharing their money.”

Enter Michael Moore, economist and historian:

"’They're sitting on the money, they're using it for their own -- they're putting it someplace else with no interest in helping you with your life, with that money. We've allowed them to take that. That's not theirs, that's a national resource, that's ours. We all have this -- we all benefit from this or we all suffer as a result of not having it,’ Michael Moore told Laura Flanders of GRITtv.”

http://www.realclearpolitics.com/video/2011/03/02/moore_on_wealthy_peoples_money_thats_not_theirs_thats_a_national_resource_its_ours.html

Link from http://ricochet.com/main-feed/Spending-Good!-Saving-Bad

on story of Conn. General assembly considers “imposing a ‘hoarders’ tax’ on money that the state’s corporations are retaining rather than spending and then using the proceeds for job-creation programs.”

Yale law professor Stephen L. Carter “notes that while the Connecticut General Assembly's target is corporations, the real ‘hoarders’ are, in fact, individuals and nonprofits,” who will be targeted by the elected assembly.

(A Harvard-educated Ph.D. in a graduate history course on colonial America said a major reason Americans revolted against the English government was the idea “The things they are doing to us now, who knows what they will do later?” In these days, we have a better idea of what the government will do … Not necessarily later.)