A Quote by Marc Faber

The problem with Mr. Obama is that you get more regulation and it's a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view.
Instead of focusing on growing jobs and reigniting our economy, President Obama focused on growing government and tried to remake the United States into the image of the debt-laden countries of Europe. His approach has been more spending, more regulation, and higher taxes.
The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery.
President Obama has piled on more taxes, more regulations, more debt for future generations and higher health care costs - hurting our Main Street economy.
Competition can be viewed in two ways. It can be viewed in a negative light and be seen as destructive, but one can also have the view that it is competition that drives people and institutions to higher and higher levels of excellence and, therefore, to more and more opportunity.
Mr. Trump's fiscal policies have produced more growth than Mr. Obama's because they were designed to incentivize businesses to invest, hire, and produce more here at home. The Obama 'stimulus,' by contrast, went for food stamps, unemployment benefits, ObamaCare subsidies, 'cash for clunkers' and failed green energy handouts.
The left does understand how raising taxes reduces economic activity. How about their desire for increasing cigarette taxes, soda taxes? What are they trying to do? Get you to buy less. They know. They know that higher taxes reduce activity. It's real simple: If you want more of an activity, lower taxes on it. If you want less of an activity, raise taxes. So if you want more jobs? It's very simple. You lower payroll taxes. If you don't want as many jobs, then you raise corporate taxes. It's that simple, folks.
I personally don't believe we ought to be raising taxes or cutting spending, either one, until we get this economy off the ground. I'll pay more, but it won't solve the problem.
We've seen an economy stifled by more taxes, more regulation, a war on coal and a failing health care reform come to be known as Obamacare and the American people know that we need to make a change.
If I were a candidate for running, I'd say, "Look at what the economy has done." It's strong. We've created a lot of jobs. I'd be telling people that the Democrats will raise your taxes. I'd be reminding people that tax cuts have worked in terms of stimulating the economy. I'd be reminding people there's a philosophical difference between those who want to raise taxes and have the government spend the money, and those of us who say, "You get to spend the money the way you want to see fit. It's your money."
I think people will lie to pollsters. I think the truth of Obama and what people think of Obama is when you ask people about his agenda and then nobody likes anything. They don't like Obamacare. They don't like the Iran policy. They don't like taxes. They don't like anything he's done. But you put him in the question and people get scared to say anything negative because of the racial component.
Cutting taxes for very high income people an average of more than $100,000 a year for people that make more than a million dollars a year is not an effective way to get the economy going.
We are sticking with the plan. We have a plan to get taxes down, to get regulation down, to get productivity up, to create jobs, to reduce taxes, to boost prosperity. The plan is working and we are sticking with it.
As more and more money is coming into the formal economy, one can look at more attractive tax rates and lower tax slabs. Even if half the people who were in the informal sector move in to the formal economy and more taxes get collected, more money can be spent on the welfare.
For Al Gore and Paul Ehrlich and Co., whatever the problem, the solution is always the same. Whether it's global cooling, global warming, or overpopulation, we need bigger government, more regulation, higher taxes, and a massive transfer of power from the citizens to some unelected self-perpetuating crisis lobby.
If you cut taxes on the rich, they'll get so excited and go into so much busy economic activity, that the economy will grow and your tax revenues will actually rise. So cut taxes, collect more taxes. It is a miracle.
Those policies - more taxes, more regulation, more debt, more spending, more government - will make American worse. It just will, in my view.
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