Ray Dalio Says it Comes with a Downside: Creating a ‘Bunch of Loes’

Ray dalio is woried about what he could be to the world.

In an episode of “the diary of the Ceo” podcast reletaned on thighsday, the bridgewater associates founder Called he a “Fantastic Truly” to Leverage, but one that will drive inevuality.

“There’ll Be a Limited Number of Winners and A Bunch of Loes,” he said. “It ‘Going to Create Much Greater Polarity, Which We’re Seeing Through the System.”

It will lead to “the top one to 10% benefitting a lot. So that will will be the Dyude Force,” The Billionaire Added.

Dalio founded bridgewater, the world’s Larger Hedge Fund, in 1975. Has the Written Several Books on Financial and Economic Has Spoken Frequently about the soaring debt problems in the us and china.

On the podcast, he said that in a world when humanoid robots and he can the jobs of Accountants, Doctors, and Lawyers, People will “Fight over what we do, unfortunately,” and society need type of rebalance policy.

“Certainly there and there Certainly Needs to be a redistribution policy,” he said. “I don’t think that just a redistribution of Money Policy Becuses uselessness and Money May Not Be A Great Combination.”

He added that he concerts that Society May Be Too Excerpts to Figure Out How This Redistribution Will Work.

Dalio COULD BE REFERING TO A Universal Basic Income Model, Which has Become A Keyword in Conversations About Artificial General Intelligence and the Need for Human Work. The System Involves Giving every citizen a regular, minimum cash payments from the government – no strings attached.

While the concept has gained traction from its roots as a utopian dream, it remains a tough political sell. It is also not yet clear if fining Basic Incoming Long-Term is Possible in the US or ELSEWHERE.

Openai CEO Sam Altman and he’s “Godfather,” Geoffrey HintonWho has warned about it is potential to eliminate Jobs and widen wealth gaps, have advocated for universal Basic Income.

“I Think Giving People Money is not going to go solve all problems; Its Certainly not going to make People Happy,” Altman Said on a podcast Last year.

“But it might solve some problems, and it might give people a better horizon with what to help themelves, and i’m interested in that,” he said.