What is absolutely certain is that global wealth will be totally decimated in the next 4-8 years. It doesn’t matter if you are very rich or “just own a house” with some equity left. Most of it will come down in value by 75-95% in the next few years as the debt and asset bubbles implode.

But what very few people realize or plan for, is the confiscation of wealth that will take place in coming years. There will be confiscation on many levels.

With times deteriorating, governments will be thrown out as ordinary people become dissatisfied with their rapidly declining ability to survive. Many people will lose their jobs and governments’ ability to help the poor and hungry will decline rapidly due to falling tax revenues. During that process, opposition parties will promise the earth. Thus we will see a society in upheaval due to political turbulence, social unrest, dire economic circumstances as well as anarchy.

TAXES WILL BE PUNITIVE

Many countries in the West have turned socialist in later years, and this trend will continue as the climate deteriorates. With the ruling party desperately fighting for its own survival, their task becomes increasingly impossible as there is no money left in the coffer and printed money no longer has any value.

Opposition parties will promise solutions to all the problems and will have no difficulty becoming elected. But as they get into power they will also fail desperately. In most Western countries there will be left-wing parties ruling but we might also see far-right leaders emerging due to the anarchic situation.

As tax revenues decline rapidly, governments will desperately look for new ways of increasing the state’s income. Normal people will at this stage be very poor so it will serve no purpose to tax them. The obvious target will, of course, be the wealthy but also the middle classes. At that stage, the wealthy might already have lost half of their fortune or more, but socialist governments looking for revenue will ensure that most of their remaining wealth also disappears.

CONFISCATION BY TAXATION

Wealth taxes will be confiscatory and reach levels of 75% at least and possibly up to 90%. This will not only be popular with ordinary people who at that point are poor and suffering. It will also be what the desperate masses will demand, whether it is done peacefully or with violence.