Billionaire Ray Dalio: U.S. economy must change or there will be ‘conflict’ between the rich and poo

[nooby_mcnoob]

United States has the highest GDP Consumption in the world, meaning it has the highest wages compared to the overall piece of the pie... US is the furthest country to communism, haha travel a bit mcnoob, every trip you'll come back very humble... Japan's GDP per Capita is down almost 25 % since 2012, a lot of democracies have been stagnating due to Globalization. US is doing great as far as Wage Growth is concerned, Inflation is the biggest problem, but this clown won't say it, he loves Inflation cause bigger money supply means his family and friends will be richer on paper. Shit if I was worth 19 Billion, I'd jizz everytime I would hear more QE and Central Banks printing more

USA and China are both communist. USA is communism for rich people.

Read Dalio's 60/40 society article. He knows.

 

[gkishot]

I got news for you, the USA is pretty much communist in all but name.

1. Money controlled by a select few

2. New money flows to favored entities

3. Favored entities invest in things they think will increase their share of the national wealth

4. Power and wealth concentrates into hands of few

The only difference between this and sickle-style communism as there is no forced redistribution because it isn't needed, due to (1)

Dalio perfectly understands that this _is_ the way wealth has been concentrated in the last 100 years. He even wants to create a politburo at the federal level as he did for Bridgewater.

There is dichotomy between poor and socialist govt and capitalist economy.

 

[nooby_mcnoob]

There is dichotomy between poor and socialist govt and capitalist economy.

There is no perfect implementation of any ideology. In the case of USA, its socialism for rich, capitalism for poor.

 

[gkishot]

There is no perfect implementation of any ideology. In the case of USA, its socialism for rich, capitalism for poor.

Do you perceive yourself as rich or poor or somewhere in between?
I actually agree that socialism is for rich b/c the bigger the money the less opportunities to invest.

 

[nooby_mcnoob]

Do you perceive yourself as rich or poor or somewhere in between?
I actually agree that socialism is for rich b/c the bigger the money the less opportunities to invest.

somewhere in between.

 

[gkishot]

somewhere in between.

And don't you like the opportunities capitalism gives you?

 

[nooby_mcnoob]

And don't you like the opportunities capitalism gives you?

The problem is I fight the rich socialists agents (government) more than other capitalists. I'd absolutely love capitalism across the board. But for my benefit, I get rules that keep me in my place.

 

[MarketDiver]

Dalio is a globalist with hidden agenda.
Look at his actions, not his words.
He is becoming Soros 2.0.

 

[bone]

I love how these Billionaires (regardless of political affiliation) employ an ARMY of tax attorneys to avoid taxation - and then virtue signal to the world about the dangers of income inequality.

Jagoffs

 

[Pekelo]

Slightly offtopic, but last week's 60 minutes had a segment with Dalio. I agreed with him that humankind's future is in the oceans not in the stars and the research money return is way better in the water than in the sky....