Bank deposit tax - Australia

[doof]

This might be a good catalyst for Bitcoin here down under.   Australia has one of the safest banking systems in the world, now the government are looking at taxing deposits.

Cyprus was probably just a test bed, and its sad to see what Westernised governments think they can get away with.

http://www.abc.net.au/news/2015-03-29/joe-hockey-hints-at-details-of-bank-deposits-tax/6356670
http://www.smh.com.au/business/banking-and-finance/australian-banks-among-worlds-safest-sp-20140216-32ufy.html

[OROBTC]

...

Just saw that at Zero Hedge too.

I think that you are right, this proposed tax will definitely increase interest in Bitcoin as an alternative to money in the bank.  At this point I have read ZERO convincing arguments that BTC is a government plot to force us into electronic currency, so at least for now BTC should be good.

This news is likely to mean that more Aussies (and anyone else paying attention *) will keep more in CA$H physical currency as well as gold.

* And the best time to pay attention and to act is before it's too late...