Billionaire hedge fund big shot Ray Dalio Says Capitalism's Income Inequality Is National Emergency (interview, dollar)

[shanv3]

Originally Posted by shiftymh

Importing 3rd world dishwashers and landscapers should help. Especially when they’re the first people replaced by robots.

Your username has a typo..Remove that f and replace it with t.


Meanwhile a good video of how bad money handling has dire consequences.

https://www.youtube.com/watch?v=OuOcnGAv4oo

[madison999]

We should import more poor, dumb people. That should help things.

[ncguy50]

Originally Posted by TreeBeard

Income inequality is the destroyer of nations and the incubator of revolutions. In the US it would be an electoral revolution.


A functioning democracy and thriving economy depends on stable government and relative economic equality.


Dalio is right. Take action now. It is in everyone's interest.

Relative to what?

Income equality is a tenet of freedom in that it allows for people to go beyond the oppressive, soul-crushing limits imposed by egalitarianism.

What action do you propose people take, leftist?

[PCALMike]

Originally Posted by ncguy50

Relative to what?

Income equality is a tenet of freedom in that it allows for people to go beyond the oppressive, soul-crushing limits imposed by egalitarianism.

What action do you propose people take, leftist?

No, for millennia, extreme inequality was the norm. A tiny elite at the top and masses of poor. Revolutions, wars and extreme oppression. Money=power. And power is a zero sum game. When inequality gets out of hand, the super rich will simply flood the political process with money and rig the system to their advantage because they know democracy is a threat to their power. Dont just say; make government tiny and things will be alright. The ruling class will simply resort to private tyranny and private militias and the courts will be fully owned by the same elite. You have to choose; either a functioning democracy or extreme inequality. You cant have both.

[Old Town FFX]

Originally Posted by PCALMike

https://www.bloomberg.com/news/artic...y?srnd=premium

Even the ruling class of America can see it.

Yet we have people who willingly vote for puppets of the ruling class who'll serve their interests at the expense of the common man.

We should all ask ourselves: who are the major donors of the person I support and what does that tell us about who will be served?

Make them all wear NASCAR style suits, that show all their sponsors.

[AFP]

Originally Posted by pknopp

No, there can NOT be 330 multi millionaires. It makes NO difference how smart people are.

Exactly but the peanut gallery believes that pretty much anyone can become a milliionare and if they're not one too damn bad it's their own fault.

[pknopp]

Originally Posted by ncguy50

Relative to what?

Income equality is a tenet of freedom in that it allows for people to go beyond the oppressive, soul-crushing limits imposed by egalitarianism.

What action do you propose people take, leftist?

Where in this "Freedom" do we find the government bailing people out of their bad investments?

I know, you don't support that. Big deal, it's what we do. We do NOT have these theories people promote.

[BeerGeek40]

Originally Posted by PCALMike

Some spending needs to be cut substantially, while some other spending needs to increase. Investing in education and health is vital if we want a strong and prosperous people.

Education spending - AKA give the teachers unions even more money.... nope. We've spent plenty on education and yet the results keep getting worse!!!

[Pgh guy]

I saw him on 60 mins and he said the wealthy need to pay more taxes. Well what he may not know is that he can make a large donation to the IRS voluntarily.

[rebeldor]

Originally Posted by TreeBeard

A functioning democracy and thriving economy depends on stable government and relative economic equality.

All forms of government are bad, but democracy is the worst of all.