Bill Gross runs the bond funds for PIMCO. PIMCO has more than $687 billion in assets under management which is more than I have in all my pants pockets combined, so we might as well listen to him. Gross writes quoting Buffett, "society should place an initial emphasis on abundance but then should continuously strive to redistribute the abundance more equitably." Following that reasoning, Gross continues "the wealthy fire back ... that they can more efficiently redistribute wealth than can the society that provided the basis for their riches in the first place." Gross disproves the narrower point by citing the typical parade of self-indulgence on which many rich spend their money. But rather than argue details, it seems safe to look at all countries where taxes do not attempt to redistribute income. Think of any you like, but Saudi Arabia, Brunei and several central African countries past and present come to mind. Not exactly the result to which most citizens aspire.