You know, I always thought the EU would have to cut back on their extensive social safety net in order to afford justifying their existence with defense...
But I forgot they are socialists and would instead resort to outright robbing the citizens of their financial autonomy.
So how does this actually work?
They empty savings accounts? They steal the interest?
No. How it works is that they offer EU citizens a kind of stocks and shares ISA - you then decide if you want to move your money from your savings account into that ISA. That’s the crux of it. Either way, when your savings are in a bank account, you don’t own your money (Cyprus was proof of that) and if it’s invested in a stocks and shares ISA the companies you invested in own your money (and those shares may go up as well as down).
My annual income was spent in a flash 😐
