Marc Faber : Governments Will Take 20-30% of My Wealth

Marc Faber : “Until now, the bailouts in Europe and the U.S. were at the expense of the taxpayer. And from now onwards, in my view, the bailouts will also be at the expense of the asset holders, the well-to-do people. So if you have money I am sure the governments will one day take away 20-30% of my wealth.” - in Bloomberg TV

March 27 (Bloomberg) -- "Gloom, Boom and Doom Report" Publisher Marc Faber discusses the Cypriot banking crisis and his philosophy on deposit insurance. He speaks on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)