Mar 31, 2011

Mohamed El-Arian begs to be taxed more, argues income inequality is bad

Bill [Gross] and I–we do not consider ourselves elite. In fact, we’d like to be taxed more. I said this even before the Middle East started: It is not in the interest of any society for income inequality to keep on going up. It is in everybody’s interest to avoid the extremes.

~Mohamed El-Arian, CEO, PIMCO, Bloomberg Television interview, March 31, 2011

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