Rising inequality is turning US into an autocratic state, billionaire warns
Ray Dalio says business leaders scared to criticise Donald Trump as he warns of debt-induced crisis for the economy
Is this the first pick-me billionaire, trying to keep his head off the block?
Most Billionaires didn't get that way by being stupid and will recognize that this is a cascade failure scenario.
Cant be on top if the whole Jenga tower gets kicked over.
It’s not just a French Revolution style scenario they have to worry about. Look at what has happened to some Russian billionaires. Not so fun enjoying the playboy lifestyle when you’re afraid to drink tea or get anywhere near an open window.
Well said. It is very much like a Jenga tower loses support as people just pick more and more from it to grow a company with no thought given to the destruction it causes. What a fantastic analogy!
wont be billionaire for long if nobody has money left for goods or services
Some basic Google sleuthing shows he's a centrist and hasn't made a public political donation since the 90s and that was $5000.
He has the second largest private personal charity, Dalio Philanthropies, which seems to dabble in a bit of everything.
Private charities don't thrill me, because it can be a huge source of dark money and it still maintains the charity owner's personal will and keeps their personal influence level high instead of just donating money to be used however the people receiving donations feels is best.
This link gives a little more specific insight to what he participates in, but it's still fairly vague. He's basically trying to do the Gates/Buffet give it all away by the time you die thing, so it's probably as good as one can expect from a hedge fund guy.
We need a French solution to the billionaire problem.
And that's from 9 years ago. It's definitely gotten worse
They figure this time they can implement total surveillance, total control. Everyone will either be a prisoner or a guard.
turning?
Nothing will meaningfully improve until the rich fear for their lives
Billionaire warns...
If only there were anything a helpless hedge fund billionaire could do to reduce inequality.
Billionaires control the system, yes, but a billionaire is bound by it as much as you are, just in a different way. So yes, what one billionaire can do to reduce inequality is limited.
Not all of them are evil
Saying a few ostensibly reasonable things doesn't absolve them of a lifetime of greed and exploitation. You cannot earn and maintain a billionaires amount of wealth without being a supremely shitty human being in one way or another.
If you're hoarding 1 billion dollars, you're pretty evil by default.
Increase perceived evility by a factor of 1 for every subsequent billion.
I miss when headlines weren’t almost all Onionesque
I seriously cannot distinguish them from each other at this point.
The current government can’t understand commoner speak, it’s like a foreign tongue, you must have billionaire in your title to have a pedestal to speak. So let’s not attack this person. We should applaud and encourage…. Still gallow them later but not yet.
Billionaire says what??
Not every billionaire wants to be a technofeudalist or an oligarch. I bet a bunch of Russian billionaires don’t like the situation they’re in but are afraid to leave.
We know. We have eyes.
Turning?
well give your money away to non billionaire owned charities until you are not a billionaire?
bob odenkirk is playing him in the netflix movie
This should read "billionaires warned"
You're a billionaire. Do something about it.
Nice of the evil giant troll to inform us that they're eating us via one of their representatives. I wasn't sure where the rest of my body went.
Better Call Saul is having a reboot after 45 years since the last episode.