European Commission's Wealth Confiscation Plans

So the European Commission just quietly published a 500-page report where they

explicitly revealed their plans to start freezing bank

accounts. They even talked about executing an

overnight

50% confiscation of people's wealth, and they even told us which

countries are gonna be affected first.

Let's dive straight into some of the quotes from the report so you guys can see

it

for yourselves. We can see buried on page 79 of

volume one of this report, they said the spread of

artificial intelligence should be exploited to

reduce taxpayers' opportunity for tax evasion.

But it's nothing compared to this quote they've got buried on page

53. We can see that they have this little

table showing

us how effective these one-off capital

levies have been previously. A one-off capital levy,

this is kind of like an overnight wealth confiscation

event. So this is a type of event where you wake

up and the government says,

"Oh, you have $100,000 in your bank account.

Now you only have $50,000 because we took 50%." And we

can see they showed us how successful these one-off capital levies have

been previously. They have a table, and they point to

Germany and how they implemented a 50%

one-off capital levy in 1949, which

ended up giving the German government 60% of the

country's GDP in a wealth gain. We can also see that

they pointed to Japan, and they showed how they were able to

execute a one-off capital levy that ranged between

10% to 90%. That means some business owners

and homeowners had to give the government 90% of the

assets, which is, again, it's insane, but it's not nearly as

insane as what the European Commission said after they showed us

this data. They actually had the audacity to say

this. "If there are indeed one-off capital

levies,

and if these are not anticipated by the taxpayers, then the

taxpayers won't have the time to respond and

avoid the tax." This is absolutely insane, but

it's not nearly as interesting as the next quote.

So buried in page 308 of volume one of this

report, the European Commission went on to say,

"Very wealthy

individuals do not contribute their fair share to the financing of

European welfare states. The use of wealth-related

taxes could be intensified to counter

wealth inequality." Now, that word intensified is something

I want you to keep in the back of your mind throughout today's deep dive because

it

is true that on average, Europeans typically pay their

governments around 50% per year in taxes.

But the talk of one-off capital levies, exit

taxes, and net wealth taxes, this is going to be the

next step that I think is gonna come at us much quicker than

most people think because if you've been listening to what Christine

Lagarde's been

saying recently-

It is thus essential to swiftly adopt the regulation

on the establishment of the digital euro