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.
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