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The following articles argues that A) The earnings of Bill Gross don't effect the fees that PIMCO investors pay. B) Bill Gross should actually make $1 billion per year.
Those who make that kind of money AND deserve to make it also give it away. Unless news surfaces about how Gross bought a 70 million yacht while his investors are suffering (ala Bill Miller) I will ignore how much Gross makes.
"Those who make that kind of money AND deserve to make it also give it away."
What does that mean? Do you really believe guys like Gross (the 1%'ers) are 'giving their money away'? Not debating if he deserves it or not, but I'd argue that the guy buying the yacht is the person putting money back into the system.
If I made that kind of money I'd have more than one yacht. And as much as I love the ocean I'd probably buy sea world too. Wonder what he'd pay me for mowing his yard?
Comments
"Those who make that kind of money AND deserve to make it also give it away."
What does that mean? Do you really believe guys like Gross (the 1%'ers) are 'giving their money away'? Not debating if he deserves it or not, but I'd argue that the guy buying the yacht is the person putting money back into the system.
To "perpetual Bull"... stand by... I think I see a trickle coming your way... hold on! ... it's yellow, not green!!!