The U.S. is deeply divided politically and socially because of an escalating wealth disparity between the top and bottom tiers, according to Ray Dalio, who manages the largest world’s hedge fund.
That gap is "our biggest economic, social and political issue" and played a significant role in Donald Trump ‘s election victory, the head of $122 billion Bridgewater Associates said in a LinkedIn post Monday .
To bridge the gap, Dalio prescribes a re-examination of how the nation is using its resources, and an unspecified wealth transfer. The issue has been one of his favorite topics, and one he said he […]
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