"And that could be obtained either in a smart, bipartisan way -- or it will come by greater conflict." "Large wealth gaps with large values gaps at the same time as there's a lot of debt and there's an economic downturn produces conflict and vulnerability." "In order to bring the country together and not have a form of civil war...there has to be the bringing of the country together -- but in a smart way," Dalio said. Of course, investments in education and infrastructure cost money and the United States is already grappling with massive budget deficits. "It's a complicated question because as you raise that tax, you want to do it in a smart way that also doesn't drive money into the wrong things," Dalio said.

Source: CNN December 22, 2020 16:29 UTC