Billionaire Ray Dalio addresses benefits, pitfalls of universal basic income [CNBC]
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Source: CNBC
Hedge-fund manager Ray Dalio is looking at whether universal basic income can help solve wealth inequality. His firm estimated the cost to give every American citizen $12,000 per year, the current poverty threshold, would be roughly $3.8 trillion annually. Published 1 Hour Ago Updated 5 Mins Ago CNBC.com Scott Mlyn | CNBC Ray Dalio, Bridgewater Associates Bridgewater Associates’ Ray Dalio, the founder of the world’s largest hedge fund, is analyzing the social and financial viability of a widely debated program aimed at reducing the wealth inequality. Tweet Link “Universal Basic Income is one of several ideas floating around for dealing with the income/opportunity gap, Dalio wrote in a LinkedIn blog post Thursday. “I won’t give you my conclusions because I don’t want to bias you. I’d rather you form your own opinion after you are informed.” Proposals for universal basic income programs vary,
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