The Coming Confiscation of Financial Assets

[scorpion]

Do you think some confiscation will occur, scorpion? Or will it just be via increased taxes across the board as they continue to spend and print?

No confiscation and probably not even much in the way of increased taxes. But definitely a lot of printing, because printing is far easier than their other options both practically and politically. To quote myself from earlier in the thread:

Basically, there is no need to confiscate financial assets, and doing so would be needlessly inflammatory and self-sabotaging. "You will own nothing and be happy" does not necessarily imply, "We will steal everything you own." It's more along the lines of, "We are deliberately sabotaging the economy and free society to ensure the gradual impoverishment and enslavement of the population."

The idea that the government is going to confiscate peoples' 401ks is doom-porn click bait for Boomers. They don't need anyone's money. They can print trillions on demand, and will continue to do so until the system breaks down. Confiscating financial assets would only dangerously hasten the collapse to such an extent that the situation would become risky and unpredictable even to the elites.

 

[cosine]

From a property manager in NYC:

On today's episode of NYC wants to become the USSR and drive out all private investment/ownership so that the state can own (and steal) everything - a family friend of our business owns a house in Queens and rented a basement apartment to someone. they had a month to month lease. on the 3rd month the lady tells the homeowner "I'm never paying again and I am not leaving." Now the homeowner will need to hire a lawyer for $2k+, never get a single dollar from the tenant again - wait 18-24 months to get possession of the apartment back (and again, she will never recover the 1.5-2 years of lost rent). the tenant will destroy the apartment, causing the homeowner to spend $$$ to get it rented again. And the best part is, if this causes her to fall behind on her mortgage, she will be foreclosed on and evicted FASTER than the renter will be kicked out. Idc how you think/feel/vote - that is just WRONG

Infuriating. She was renting out their own basement to help cover the mortgage. This isn't some giant company.