Marc Faber : I am against any kind of tax, be it LTCG, STCG, excise duty, or Value added tax (VAT). I think one should try to keep the government as small as possible. Best way to keep the government small is not increasing taxation, because the more money you give to the government, the bigger it will grow to be.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.