'What Ray Dalio needs to understand, which members of his class so often struggle to understand, is that the reason his class has too much money is because it also has too much power,' said AnandWrites
that"we're all passengers in a billionaire hijacking" of the United States.
In his"60 Minutes" interview, Dalio said that"of course" the wealthy need to be taxed more, and that the concept of lowering taxes on the rich to increase productivity"doesn't make any sense to me at all." He also noted that the only way inequality of wealth, income, and opportunity can be changed on a meaningful level is through political leadership.
Giridharadas said that for all people in positions of power, whether as individual philanthropists or as leaders of corporations, the caveat to doing good must also be reducing harm done.
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