(Reuters) Widening income inequality and under-investment in public education “pose an existential risk for the U.S.,” hedge fund billionaire Ray Dalio wrote in a paper released Thursday. Dalio, who Forbes lists as the 57th-richest person in the world with an estimated fortune of $18.4 billion from founding hedge fund giant Bridgewater Associates, released a report Thursday in which he spells out the ways he sees capitalism as failing in the United States. In the report, Dalio advocates for an increase in investments in early childhood education, per-pupil spending, infrastructure, and public health measures in order to save it.
U.S. Income Inequality a ‘National Emergency’: Billionaire Ray Dalio
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