Billionaire Ray Dalio: 'Of course' rich people like me should pay more taxes via CNBCMakeIt
Financier Ray Dalio is on a mission to let everyone know that wealth inequality has become so extreme it is driving a dangerous wedge in society.
"I lived the American dream, ya know?" he said."I think the American dream is lost. ... For the most part we don't even talk about what is the American dream. And it's very different from when I was growing up." "There's no free lunch here. You'd have to collect more money," Gates told CNN's Fareed Zakaria in February."As you go about doing this additional collection, of course you want to be progressive. You want the portion that comes from the top 1 percent or top 20 percent to be much higher."
"I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn't mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering," Buffett wrote in the Times.
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