How Warren’s Wealth Tax Would Hit ‘Rich List’ Managers

Ray Dalio would pay more than $1 billion annually under the presidential hopeful’s proposal.

Elizabeth Warren (Daniel Acker/Bloomberg)

Elizabeth Warren

(Daniel Acker/Bloomberg)

Bridgewater Associates’ founder Ray Dalio likes to say that capitalism isn’t working for most Americans — one thing the hedge fund heavyweight and Democratic presidential hopeful Elizabeth Warren can agree on.

But while Dalio is on record saying taxes should be higher for wealthy people like himself to help address the growing scourge of inequality, it’s unknown if he would go for Warren’s controversial wealth tax.

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