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If we're going to err, we should err on the side of taking the guy at his word. He wants to raise taxes on himself to provide for better distribution of income

• rchaud 8y ago
  > He wants to raise taxes on himself Where did you read that? Tax policy is ludicrously complex by design. Simply saying "we should pay higher taxes" is broad enough to be meaningless. Increasing income tax for example would barely make a dent in their take-home, because the majority of their wealth comes through capital gains tax. Not to mention the numerous documented loopholes in the tax system that allow people in Dalio/Buffet's position to move money around the world at a moment's notice and pay nothing in federal tax. The loopholes are there, but they never get fixed, thanks to lobbying from the big 4 audit firms that depend on blue chip clients like him to fatten their paycheques. Just because Dalio has an arms-length connection to the dysfunctional tax system doesn't mean he;s ignorant as to why the system is the way it is.