Ray “Capitalism Is Broken” Dalio Was The Highest Earning American Of 2018
30th April 2019
Broken, that is, for everyone other than Ray Dalio, who was last year’s best paid hedge fund manager, according to DealBook; and since hedge funders generate the highest current income of all “workers”, he was effectively the highest paid American in 2018 (this, of course, excludes capital gains and other non-current income), when it is estimated that Dalio earned $2 billion over the last 12 months, up from a reported $1.3 billion in 2017.
As I have repeatedly pointed out, all of this posturing and virtue-signaling by rich people is an attempt to get on the right side of the political class that keeps threatening to steal their wealth. If he actually thought that what he did for a living was a bad thing, he’d go do something else. If he actually though that rich people were a problem, he’d get rid of his money. If he actually thought that he wasn’t taxed enough, he’d write a very big check to the U.S. Treasury.
As my agèd granny used to say, ‘Talk’s cheap. Put your money where your mouth is.’