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Friday, December 13, 2013
The largest issue I have with Bill Gross of PIMCO
However, by far the largest issue I have with PIMCO’s Bill Gross’s proposal to increase capital gains taxes (which I discussed in my essay “The World’s Only Popular Tax”) is that I oppose higher taxes under any circumstances because higher taxes allow the government to expand and, in the process of expanding, to retard economic growth and curtail individual freedom. Bob Hoye recently sent out a missive highlighting the difference between the expansion of the Fed’s balance sheet during the Second World War and since 2009.- in dailyreckoning
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.