Great article by Bill Gross the billionaire Managing Director of - TopicsExpress

Great article by Bill Gross the billionaire Managing Director of PIMCO and one of the most respected men in international finance. Ive pasted a couple of snippets below, but this article is well worth 10 minutes of your time. Instead of approaching the tax reform argument from the standpoint of what an enormous percentage of the overall income taxes the top 1% pay, consider how much of the national income you’ve been privileged to make...The era of taxing “capital” at lower rates than “labor” should now end...Developed economies work best when inequality of incomes are at a minimum. Right now, the U.S. ranks 16th on a Gini coefficient for developed countries, barely ahead of Spain and Greece. pimco/EN/Insights/Pages/Scrooge-McDucks.aspx

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