YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Billionaire Bill Gross is calling for the top 1 percent of earners to pay more in taxes.
Gross, whose net worth is estimated at $2.2 billion, putting him in the top 0.01 percent, says he and other top earners should recognize they rode the credit boom for the past three decades but didn't create it.
"Having gotten rich at the expense of labor, the guilt sets in and I begin to feel sorry for the less well-off," writes Gross, co-founder of investment firm Pimco and manager of the biggest bond fund in the world, in the opening of his latest monthly investment letter.
Gross isn't the first billionaire to argue the point. Warren Buffett has been doing so for the past few years.
Read more from CNNMoney.
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