The idea of wealth taxes is only getting started

Two top advisers to German Chancellor Angela Merkel have called for a tax on private wealth and property in eurozone debtor states to force the rich to fund rescue costs, marking a radical new departure for EMU crisis strategy.

Here is more.  I tell you again, this will be a major issue for the next twenty years and not just in the eurozone.  Take a look at all those state and local U.S. pension funds expecting seven percent rates of return.

Notice of the article is from @LindaYueh.