NEW YORK (Reuters) – Widening income inequality and under-investment in public education “pose an existential risk for the U.S.,” hedge fund billionaire Ray Dalio wrote in a paper released Thursday.
Dalio, who Forbes lists as the 57th-richest person in the world with an estimated fortune of $18.4 billion from founding hedge fund giant Bridgewater Associates, released a report Thursday in which he spells out the ways he sees capitalism as failing in the United States. In the report, Dalio advocates for an increase in investments in early childhood education, per-pupil spending, infrastructure, and public health measures in order to save it.
Chief - Dalio - Criticisms - Wealth - Gap
Chief among Dalio’s criticisms are the widening wealth gap in the United States, which he links to lower high school graduation rates, greater disparity in test scores, and lower teacher pay compared with those with similar education levels over the last three decades.
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