Concerning taxes, I side with Milton Friedman, who argued: “I am [in] favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible”. Along the same lines, I am also in favour of cutting government expenditures under any circumstances and for any excuse, for any reason, whenever it’s possible. In this respect, it is interesting to note that Switzerland, which has relatively low taxes, enjoys a high level of prosperity and low unemployment, and has a balanced household budget. - in daily reckoning
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.