View Poll Results: Should governments be allowed to steal money from "idle" bank accounts?

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  • Yes

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Thread: Should governments be allowed to steal money from "idle" bank accounts?

  1. #31
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    Re: Should governments be allowed to steal money from "idle" bank accounts?

    Quote Originally Posted by jamesrage View Post
    It is not theirs.



    Actually it is practical.Bank accounts usually pay interest. Its why people save money.

    This basically provides a simple easy to understand explanation.
    TheMint.org - Tips For Teens - How Banks Work
    The question is related to the bank having money sitting around forever, say in the event a person dies.
    Last edited by radcen; 06-20-14 at 05:27 PM.
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  2. #32
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    Re: Should governments be allowed to steal money from "idle" bank accounts?

    Quote Originally Posted by jamesrage View Post
    1.Why should the government be allowed to look for money to steal?

    2.You are aware that many people save their money? Savings accounts usually pay interest if you leave a certain amount of money in that account without touching it.
    What's your suggestion? An account has been dormant with $50 in it for 20 years. What should happen to it? Should we trust that the bank will make a good faith effort to locate the person or his heirs? Or should the bank give it to the state for safe-keeping where the state can maintain a website where people like me can search occasionally for any accounts they've lost track of?

    And....after 5 years, what do YOU suggest the state then do with that money?

  3. #33
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    Re: Should governments be allowed to steal money from "idle" bank accounts?

    Quote Originally Posted by radcen View Post
    The question related to the bank having money sitting around forever, say in the event a person dies.
    My response was to that.The government should not be snooping for "idle" accounts to steal money from. In the event they got actual proof the account holder died or if it has been about 70-90 years after the account opened the account then it should go to the account holder's next of kin or if the account hold specified a charity then it should go that charity of if the account holder specified in individual then it should go that individual or specified individual's next of kin. In the case of the account holder being dead or 70-90 years has passed or no charity or individuals specified it should to a randomly selected charity.This ensures no one is fishing to steal money.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

  4. #34
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    Re: Should governments be allowed to steal money from "idle" bank accounts?

    Quote Originally Posted by MaggieD View Post
    What's your suggestion? An account has been dormant with $50 in it for 20 years. What should happen to it?
    It should be left alone in the bank account.Besides if you put 50 dollars in a bank account 20 years ago there would be more money in it due to the fact banks pay interest.

    Should we trust that the bank will make a good faith effort to locate the person or his heirs? Or should the bank give it to the state for safe-keeping where the state can maintain a website where people like me can search occasionally for any accounts they've lost track of?
    The state is more untrustworthy than the bank.

    And....after 5 years, what do YOU suggest the state then do with that money?
    Nothing, it should be left in the bank account.The state shouldn't even be snooping for money to steal in the first place.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

  5. #35
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    Re: Should governments be allowed to steal money from "idle" bank accounts?

    Quote Originally Posted by jamesrage View Post
    My response was to that.The government should not be snooping for "idle" accounts to steal money from. In the event they got actual proof the account holder died or if it has been about 70-90 years after the account opened the account then it should go to the account holder's next of kin or if the account hold specified a charity then it should go that charity of if the account holder specified in individual then it should go that individual or specified individual's next of kin. In the case of the account holder being dead or 70-90 years has passed or no charity or individuals specified it should to a randomly selected charity.This ensures no one is fishing to steal money.
    And if there is no next of kin? It does happen on occasion.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  6. #36
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    Re: Should governments be allowed to steal money from "idle" bank accounts?

    Quote Originally Posted by jamesrage View Post
    Should governments be allowed to steal money from "idle" bank accounts? I used the word theft instead of confiscate because this is flat out theft.
    Yes
    No
    maybe after a specific amount of time(please specify)




    Government's $360m bank account grab | Money Saver HQ (MSHQ)

    Not-So-Safe-Deposit Boxes: States Seize Citizens' Property to Balance Their Budgets - ABC News

    Introducing the newest tactic for governments to raise cash







    I voted no. Governments have no business stealing your money, I could care less if you haven't deposited anything in your account or touched your account in six months, 60 years or 600 years.
    Absolutely not. As I tell my kids.... If it's not yours don't touch it. The institution holding the funds should have a policy in place regarding heirs for each account.
    "It is only when men contemplate the greatness of God that they can come to realize their own inadequacy." Jean Calvin

  7. #37
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    Re: Should governments be allowed to steal money from "idle" bank accounts?

    Quote Originally Posted by radcen View Post
    And if there is no next of kin? It does happen on occasion.
    After a person's lifetime has passed and no next of kid has been found then it should go a charity or person the account holder specified. In the event the account holder does not have next of kin,did not specify a charity or person to give the money to then it should go to a random charity. This makes sure the government doesn't steal other people's money and this makes sure banks are not declaring banks idle for the sake of stealing money.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

  8. #38
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    Re: Should governments be allowed to steal money from "idle" bank accounts?

    Quote Originally Posted by jamesrage View Post
    After a person's lifetime has passed and no next of kid has been found then it should go a charity or person the account holder specified. In the event the account holder does not have next of kin,did not specify a charity or person to give the money to then it should go to a random charity. This makes sure the government doesn't steal other people's money and this makes sure banks are not declaring banks idle for the sake of stealing money.
    If a person has no kin, and is indeed dead, I'm not so sure that would qualify as "stealing someone's money", as that "someone" doesn't even exist (anymore), but I am on board with the designating a charity thing.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  9. #39
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    Re: Should governments be allowed to steal money from "idle" bank accounts?

    Quote Originally Posted by radcen View Post
    If a person has no kin, and is indeed dead, I'm not so sure that would qualify as "stealing someone's money", as that "someone" doesn't even exist (anymore), but I am on board with the designating a charity thing.
    What would you call "Oh look this account "idle" for 3 or 5 years lets take this money" if it is not stealing? Many of the accounts in the OP story are not even that old.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Should governments be allowed to steal money from "idle" bank accounts?

    Quote Originally Posted by radcen View Post
    If a person has no kin, and is indeed dead, I'm not so sure that would qualify as "stealing someone's money", as that "someone" doesn't even exist (anymore), but I am on board with the designating a charity thing.
    How long before someone sets up the Underpriviliged Bankers Fund?
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