"has The world gone mad, the capitalist System is broken," said the American Star-Investor Ray Dalio in an event at the Greenwich Economic forum, the Financial Times reported. The 70-year-old hedge Fund Manager Worries about the growing gap in income and wealth in the United States, the serious social upheaval could bring about. Dalio mentioned the dangers of populist themes from the right and the left. And he warns of a Revolution. "Then we will try to kill each other."
Dalio is one of the most successful hedge Fund entrepreneurs around the world. The son of Italian immigrants, with an MBA degree from the Harvard Business School founded in 1975 in his New York 2-room apartment his company, Bridgewater. Today, Bridgewater Associates manages assets of around $ 160 billion, making it the largest hedge Fund in the world. "The gap between Poor and rich is getting bigger and bigger," says Dalio, who has a fortune of 19 billion. According to statistics, the top one percent of Americans owns more than 40 percent of the assets in the country. The top 20 percent own 90 percent, and the remaining 80 percent share of the Rest.
For the majority is not working anymore capitalism
For several years, Dalio as a critic of capitalism, has made him very rich there. He criticized the capitalism, because he wants to keep him. "There is a conflict between the Rich and the capitalists on the one hand, and the poor and the socialists on the other side threatens," he said last spring in an Interview with the German "Handelsblatt". Capitalism is no longer threatened, because he is working for the majority of the people. "Capitalism needs to be reformed. If this does not succeed, we run the risk that he will be replaced by socialism."
Dalio is in favour of higher taxation of the super-rich. "You don't have to top take much to make the bottom a big difference." And further: "We need to provide for more equal opportunities, especially in education." Dalio is part of the Initiative "The Giving Pledge" by Warren Buffett and Bill Gates. The aim is to donate the major part of the assets for charitable purposes.
super rich more tax
That celebrities, the super-rich are calling for more taxes for the same, seems to be in fashion. "Taxed us stronger", calling 20 US billionaires in a June statement published on the presidential candidates for the elections of 2020. "America has a moral, ethical and economic responsibility, our assets are more taxing," said the group of billionaires, including George Soros, Facebook co-founder Chris Hughes, the heirs of Walt Disney and the owner of the hotel chain Hyatt.
This goal, the organization "Patriotic Millionaires" in the United States. The tax rate for the wealthiest should increase to 90 per cent, calls for the U.S. businessman and "Patriotic millionaire" George of the rooms in a "Guardian"-a guest post. In the political reality, but it is in the other direction. President Donald Trump has exacerbated it with his tax act of 2017, the income gap.
Created: 06.11.2019, 19:41 PM