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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.98

+1.3%

Nov 28 4:00 PM EST

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To: Metacomet who wrote (103545)	10/31/2013 2:13:04 PM
From: Snowshoe	Read Replies (1) of 218085

Another viewpoint... Pimco's Gross urges 'privileged 1 percent' to pay more tax reuters.com Gross, who acknowledged he was among the 1 percent, noted he is writing investment letters that "'dis' the success that provided me the soapbox in the first place." He said that increasing taxes could improve the U.S. competitive position compared with Germany and Canada. "Instead of approaching the tax reform argument from the standpoint of what an enormous percentage of the overall income taxes the top 1 percent pay, consider how much of the national income you've been privileged to make," Gross added. Gross, whose $250 billion Pimco Total Return Fund is the world's largest mutual fund, said that developed economies function best when income inequality is minimal. In an interview on cable television network CNBC on Wednesday, Gross said that he and his wife, Sue, have pledged to give away all of their money before they die, which he referred to as an "Andrew Carnegie" pledge.

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