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Read previewUniversal basic income is winning support from some as a powerful tool to combat poverty, but Ray Dalio thinks it could be harmful and pull cash away from better social programs.
Dalio is the billionaire founder of Bridgewater Associates, the world's largest hedge fund, and the official mentor to its three co-chief investors.
Who are you giving the $1,000 to, and what will they do with that $1,000?"
In a follow-up post, Dalio emphasized that he sees the wealth-and-opportunity gap as the "greatest threat" to the US.
Persons:
—, Ray Dalio, Dalio, Lex, who'd
Organizations:
Service, Bridgewater Associates, Business