We aren't talking about CDs and shit. We're talking about bank deposits. Money that people put in a bank with the expectation that they were going to be able to fucking spend it. We're talking about the working accounts of businesses, we're talking about the proceeds of home sales, we're talking about the wages of people, we're talking about the expense accounts of tasks. We're talking about fucking bank deposits. The thing people are supposed to have when they want their money to be liquid and exchangeable for goods and services that are either very expensive or far away. Or even just if they want their money to be safer than leaving it on the kitchen table for a couple of days.Orca wrote:If you have 200 000 euros of legal money to invest, why wouldn't you invest it in something paying better interest than a bank? Probably a few different investments to spread the risk around.
People don't have bank deposits because it is an investment, people have bank deposits because they are saving money that they want to be able to spend.
You're an idiot. If you take large amounts of bank deposits, you break up transactions that are under way. Schäuble wants to confiscate forty percent of those deposits, which means that if you were running a business like a wedding planner (where you hold a fair chunk of other peoples' money and spend it on their behalf), you are now bankrupt. You likely now owe more than your income. If you were purchasing a home or company, then all that money in the escrow account just shrank way the fuck down and the sale fails utterly - if the money was there because of a loan or previous house sale - you could be deeply in debt or homeless or both and not have any property to show for it.So: not so much sympathy to those caught there.
Bank deposits are money that is active in the economy. Small deposits are supposed to be insured as actual money, while large deposits are generally money that is in the process of literally doing something at the moment. Freezing accounts and then confiscating the money out of the accounts would do tremendous harm to a lot of people, even before we get into the secondary effects of causing a bank run and destroying the economy that way.
-Username17