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 – https://www.cnbc.com/2019/01/23/ray-dalio-says-us-tax-changes-will-have-huge-impact-on-markets.html