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Tax | Mind Wealth

Raising tax rates to reduce income inequality – a contrary view by Ray Dalio – World Economic Forum

| Nov 16, 2019

Billionaire Ray Dalio says tax changes like those proposed by Alexandria Ocasio-Cortez will have ‘huge’ impact on economy

Ray Dalio, at the 2019 World Economic Forum at Davos, queries the proposed dramatic increase in the marginal tax rate for the super-rich while acknowledging the circumstances that have led to such a proposal.

  • The “income and opportunity gap” will determine the winner of the next election, hedge fund billionaire Ray Dalio says.
  • “How tax rates are changed will have a huge effect on incentives and could have a huge effect on capital flows, and that will have big effects on markets and economies,” says Dalio.
  • The manager of the world’s biggest hedge fund spoke in an exclusive interview from the sidelines of the World Economic Forum in Davos.

Source & Full article here –



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