Pimco’s Bill Gross Wants Capital And Labor Taxed Equalized

"The era of taxing 'capital' at lower rates than 'labor' should end," according to the latest Investment Outlook from Bill Gross, co-founder of PIMCO. The piece, which is titled Scrooge McDucks, is in line with recent comments that the financial manager made about Carl Icahn's campaign at Apple Inc. (NASDAQ:AAPL), and with the views of several prominent investors.

According to Bill Gross, investors who raked in millions in the last thirty years did not create their wealth. They worked hard, and they survived where many others did not, but they rode...