World's most idiotic idea? Yup!

http://www.usatoday.com/story/money/business/2013/03/19/cyprus-bank-deposit-tax-reduction/1998741/

This has got to be the stupidest idea I've ever heard. There are at least three reasons why this is a bad idea.

A) Taxing deposits discourages savings
B) The Banks will have a massive run on their deposits (like 100% for large investors but even many small individuals will pull out rather than pay a 10%). You have timing issues as well (why not just pull my money out before the tax is levied?)
C) Asset taxing looks a lot more like the government "taking" than income taxes. Why would anyone ever deposit money in Cyprus again.