Bill Gross Demands Socialism for the Wealthy

In an interview with the FT, Pimco's Bill Gross flatly warned the government, in advance the housing finance conference that will begin deciding the fate of the GSEs next Tuesday, that unless Fannie and Freddie bonds retain their government guarantees, he would cease purchasing GSE debt.

Bill Gross would not be demanding such socialist guarantees if progressive tax rates were around 70% for himself, that is one guarantee I can make.