Billionaire hedge fund manager Ray Dalio says that a revolution is coming in America because wages have stagnated and the income gap between the rich and poor is wider than ever.
Dalio, who is worth almost $17 billion dollars, warns that, “Widening income/wealth/opportunity gaps pose existential threats to the United States because these gaps are bringing about damaging domestic and international conflicts and weakening America’s condition.”
The Bridgewater Associates founder says that those who grew up middle class are earning less than their parents because wage growth compared to inflation has been stagnant since the 1980’s.
“Disparity in wealth, especially when accompanied by disparity in values, leads to increasing conflict and, in the government, that manifests itself in the form of populism of the left and populism of the right and often in revolutions of one sort or another,” Dalio writes.
Noting that the next economic downturn will cause this gulf to become painfully apparent, Dalio says the wealth gap should be treated as a “national emergency” and that the whole economic system needs to be re-engineered.
Numerous studies have shown that wealth inequality inevitably leads to civil unrest, so Dalio’s prediction is by no means an unlikely scenario.
Illinois Passes Bill Requiring Companies Have Women, Blacks on Corporate Boards
State Rep. says absurd new rule is a business killer.
The Illinois House of Representatives has passed a bill requiring publicly held companies to have at least at least one woman and one African American on their company’s corporate board starting in 2021.
If companies refuse to comply with the draconian law, they will be hit with a whopping fine of $300,000 dollars.
Instead of hiring people on merit and not skin color, companies will be forced to employ people unsuitable for the job simply to fulfil some hare-brained political correctness quota.
“No mention of qualifications, no mention of what to do if the particular individuals don’t match up well to other candidates for the position. Nope – you just better have them on your board…or else,” writes Ferlon Webster Jr.
State Rep. Tony McCombie (R-Savanna) argues that the bill was a business killer.
“We are destroying the ability for our state to grow,” she said.
“Progress”: A Peasant’s Apartment in London Now Costs Half a Million Dollars
Look how it compares to the 1890’s.
A tiny flat in one of the worst areas of London now costs the equivalent of nearly half a million dollars (£350,000).
That’s right – half a million dollars now gets you a one bed flat in Tower Hamlets, which is known for its Islamic ghettos and acid attacks.
Breitbart’s Jack Montgomery posted a comparison tweet of what a “peasant’s house” looked like in the 1890’s.
— Jack Montgomery (@JackBMontgomery) April 4, 2019
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