Universal basic income would cost the US up to $3.8 trillion per year — Bridgewater estimate

Universal basic income would cost the US up to $3.8 trillion per year — Bridgewater estimate

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, but the most common one is […]

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