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Sunday, June 30, 2013
Faber : The Rich will be targeted in a Big Reset
Marc Faber : At some point, there will be a big reset. In the democracies of the
Western world, large
numbers of people will vote against the well-to-do.
Throughout history, minorities have been targeted. Now the rich will be
targeted through some kind of wealth tax or significantly higher tax
rates. Eventually there will be so much antagonism against well-to-do
people that it won't be comfortable.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.