Dalio has warned that the US could fall into a kind of civil war if political and wealth gaps aren't addressed.
He has often warned that a lack of opportunity, income divides, and under-investment in education could cause irreversible damage. "I've studied the last 500 years of history and cycles: large wealth gaps with large values gaps at the same time that there's a lot of debt and there's an economic downturn produces conflict and vulnerability," he told CNN's Poppy Harlow in an interview aired last month.
Dalio also likened the recent exodus of CEOs and companies from business hubs like New York and San Francisco to Florida and Texas as a sort of "civil war." "We're seeing a form of civil war: people are leaving to go from one place to another, partially for taxes, but also partially for other reasons," he said in December. "The worst alternative is that one side or another says, 'This isn't my country anymore. This isn't my population.'""Good words and spirit aren't enough," he wrote. "People will have to agree on both how to grow the pie and how to divide it well.
This is 💯 due to the gop policies of huge tax cuts for corporations. But they won’t listen to the facts.
you think so
Hadi hayırlısı
A civil war fought buy the poor in the name of the rich.
False. Thanks.
Yes. We are a DIVIDED country
Instead America will confront the evil.
Is the Fed aware of this situation? they blow air into the balloons they create. and they are very determined about it Fed federalrezerve
Just throw the insurrectionists into a cell in Gitmo. End of story.
How about billionaires stop funding political parties? The average guy working in Subway, making ends meet, isn’t the problem here.
Okay, then do something about it, Ray.
Görünen köy kılavuz istemez
How about he reaches out to millionaire and billionaire fundings these partisan politicians, particularly republicans and put a stop to it.
This like a fox calling a conference call to talk about the henhouse security! Propaganda BS! And incredibly silly of Business Insider to be reporting on this
good luck
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Source: BusinessInsider - 🏆 729. / 51 Read more »