Marc Faber : The Government May take 50% of your Money and give it to Social Programs

Marc Faber : “As a result of the Federal Reserve’s monetary policy,” Marc explained, “huge wealth and income inequality [was created]…You have 1% of the people in a system that benefited incredibly from rising asset prices…[and] a lot of people are dissatisfied. They have the same vote as the 1%, except they are the 99%…so to them, it will be very acceptable to take money away from the 1%…In the end something [big] will happen…what I would really hate is if one day the government comes and says, ‘Okay, we’re going to take 50% of your money and give it to social programs…I think that is a real threat.” - in bullmarketthinking