The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report. Titled „Taxing Times,“ the report paints a dire picture for advanced economies with high debts that fail to aggressively „mobilize domestic revenue.“ It goes on to build a case for drastic measures and recommends a series of escalating income and consumption tax increases culminating in the direct confiscation of assets.

Yes, you read that right. But don‘t take it from me. The report itself says: