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

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

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

    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.
    Last edited by jamesrage; 06-20-14 at 07:56 AM.
    "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"

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

    The only situation I'm kind of okay with this happening in, is if the person who held the account died, and the state was unable to find a next of kin after putting in a reasonable amount of effort searching for one. And even then I think it would be better to donate it to charity.

    Outside of that, it's not okay.
    If you build a man a fire, he'll be warm for a day.

    If you set a man on fire, he'll be warm for the rest of his life.

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

    OP is a straw man. The California State Controller even stated it was wrong what elected officials of California did, and it appears they are settling the claims.

    I didn't read the Australia and Italy articles since I don't live in either country and really don't care about what they do.

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

    Whenever they say it isn't about the money, it is ALWAYS about the money.

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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.
    I voted 'no', but I could possibly... possibly... see some instance where, as molten_dragon said, someone dies and an heir cannot be found after x-years. Realistically, it needs to go somewhere. I would favor it being surrendered to the institution, and that be written into the agreement documents with serious safeguards, rather than the government getting it.


    Quote Originally Posted by AliHajiSheik View Post
    Whenever they say it isn't about the money, it is ALWAYS about the money.
    Quote for Truth.
    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.

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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.
    The government should be able to confiscate abandoned funds. After! it's made every attempt to locate the owner. I'd say five-years-idle might be a general rule. Anything less than five years, in my opinion, is inappropriate.

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

    Don't you guys know that economist say saving your money is bad? With that logic in mind it would only make sense if government made it a habit of stealing peoples money from their bank account and put that money back into the economy. You know, ignoring that money in a bank is not just sitting there doing nothing, but apparently most economists aren't aware of this.

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

    I would wonder why some state or local government would have any more claim to
    abandoned funds, than say the average citizen?

  9. #9
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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.
    Quote Originally Posted by MaggieD View Post
    The government should be able to confiscate abandoned funds. After! it's made every attempt to locate the owner. I'd say five-years-idle might be a general rule. Anything less than five years, in my opinion, is inappropriate.
    I'm going to play Devil's Advocate for both of you here...

    James: Why not the government? It's not practical to have money sitting around forever. As I understand it, it costs money to maintain idle accounts. Should businesses be forced to absorb that cost forever?

    Maggie: Why the government? They've done zero with it up to this point, why should they get it?
    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.

  10. #10
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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.

    Of course not

    If the govt does it, then the banks can't steal the money
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
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    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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