The more desperate, bankrupt and degenerate government becomes, the more they will move to seize the assets of their citizenry. This move by Australia is very concerning, but probably just the beginning. Recall, I recently wrote about how the U.S. government is already looking at interfering in the management of retirement accounts. From the Herald Sun:
HOUSEHOLDS face losing up to $109 million from their family savings as the Federal government moves to seize cash from inactive bank accounts.
After legislation was rushed through parliament, the government will from May 31 be able to transfer all money from accounts that have not been used for three years into their own revenues.
This will mean that accounts with anything from $1 upwards that have not had any deposit or withdrawals in the past three years will be transferred to the Australian Securities and Investment Commission.
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