Armed robbery in Cyprus:
The Demon Behind the Benevolent Mask of the Welfare State II: Property Rights Edition
Are We All Just Cypriots Now?
[The Cypriot bank deposit seizure] reminds me of a criticism that Margaret Thatcher once lobbed at the socialists. Their problem, you see, is that they always run out of other people’s money. Well, relax Lady Thatcher. They now have at app for that. Saul Goode, Baby! I wonder if anyone in the United States is studiously taking notes...
Not to worry Komerade Amerikan. There are apps for [the Fourth Amendment] as well. Kelo v. New London is a landmark case that helps put the subjects in their proper place. As long as your bank account can be construed as conferring a public benefit through public use, this lovely piece of jurisprudence would justify its seizure down to the last penny.
Bottom line: The state can steal your property, your wealth and your sustinence at any time they get pissed off enough or desperate enough to do so. You have no recourse to the law against this. The law is pathetically bastardized. Remember how that Arch-Conservative Supreme Court was poised to heroically strike down The AACA? Forget it Jake, we are all Cypriots now.
We keep voting for these bastards because free stuff tastes good, and we hope we'll be eaten last.