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

Hedge-fund manager Ray Dalio is looking at whether universal basic income can help solve wealth inequality. 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.

“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 (UBI) programs vary, […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.