This is quite interesting...Bill Gross original article for his bond fund holders on the PIMCO Web site...a plee from an ultra-rich man telling the rest of the bourgeoisie to pay their fair share: > Actually, I would take the more Marxist route, and not tax labor at all...only tax capital. However, all we do is seem to tax labor. The payroll tax is a highly regressive tax on labor treating Social Security and Medicare as a users fee when in reality, it should be an entitlement, but it isnt. Talk of a flat consumption tax or FAIR Tax is also highly regressive and again shifting the burden on labor. pimco/EN/Insights/Pages/Scrooge-McDucks.aspx
Posted on: Sat, 02 Nov 2013 04:54:31 +0000
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