Billionaire Ray Dalio Warns Wealth Taxes Could Force the Ultra-Rich To Dump Assets, Prick the AI Stock Bubble

Billionaire investor Ray Dalio is warning that wealth taxes could force the ultra-rich to sell off big chunks of their holdings and help pop what he sees as an AI-fueled stock bubble. The Bridgewater Associates founder says that kind of forced selling is an overlooked way a bubble gets pricked, reports AOL. Dalio told Bloomberg in June and repeated the warning at Forbes’ Global CEO Conference in Singapore. Says Dalio, “You cannot spend wealth. You have to sell wealth to get money because you can only spend money.

Source: The Daily Hodl