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Universal Income Would Cost $3.8T Per Year

CNBC-


Bridgewater Associates’ Ray Dalio, the founder of the world’s largest hedge fund, is analyzing the social and financial viability of a widely debated program aimed at reducing the wealth inequality.

“Universal Basic Income is one of several ideas floating around for dealing with the income/opportunity gap,” Dalio wrote in a LinkedIn blog post Thursday. “I won’t give you my conclusions because I don’t want to bias you. I’d rather you form your own opinion after you are informed.”

Proposals for universal basic income programs vary, but the most common one is a system in which the federal government sends out regular checks to everyone, regardless of their earnings or employment.

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