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How the Economic Machine Works by Ray Dalio (2013)

youtube.com

2 points by milo_im 6 years ago · 1 comment

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I-M-S 6 years ago

Notice how at 23:08 he asserts that have-nots start resenting the haves at the moment re-distribution starts, whereas in fact the exact opposite is true. Also notice how this is followed by a scaremongering implication re-distribution leads to social disorders and wars.

While I respect Mr. Dalio for creating this high-quality explanation video, viewers should not forget his net worth is $18B USD [1] and his interests are not necessarily aligned with the general public interest.

Taxing the wealthy and ensuring they cannot avoid taxes is a perfectly legitimate way to ensure overall prosperity of a society.

[1] https://www.forbes.com/profile/ray-dalio/#696b597e663a

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