The Alarming Reason the Government Confiscated Money From a Member of Glenn Beck’s Staff
Let’s say you take out a safety deposit box for precious family heirlooms, or create a bank account for your children that you don’t make transactions with regularly. How long would it take you to realize that the government has actually confiscated your property, sometimes without even informing you?
That’s what happened to Glenn Beck’s chief of staff, Joe Kerry, and countless other Americans across the United States, many of whom are unaware that the state can legally take hold of your possessions if your account shows no signs of activity for a certain period of time.
The law varies state-to-state, but according to a 2008 report by ABC News, the waiting period used to be in the range of 15 years, whereas it is now usually closer to three. Why has the government lowered the threshold in so many places?
From the 2008 ABC report: “The 50 U.S. states are holding more than $32 billion worth of unclaimed property that they’re supposed to safeguard for their citizens. But a ‘Good Morning America’ investigation found some states aggressively seize property that isn’t really unclaimed and then use the money — your money — to balance their budgets.” [Emphasis added]
Continued: The Alarming Reason the Government Confiscated Money From a Member of Glenn Beck?s Staff | Video | TheBlaze.com
Black Blade: First and foremost people must learn to realize that the government is a criminal enterprise. Their job is to steal the fruits of the labor of their slaves (that's us - "The People"). The government really is not much different than the Mafia - same structure and same methods (albeit they don't break knee caps - well not often anyway). The only difference is that the government is bigger and better organized as criminals than the Mafia but other than that they are essentially the same. Used to be they were limited by the US Constitution but they have long since ignored any such legalities decades ago. Another reason to put savings into liquid hard assets well hidden and under "your control" where you can watch over you wealth.