Cutting social programs and safety nets without addressing underlying low productivity will create second-order consequences that undermine the fiscal reform effort, including increased unrest among the 60% of the population that depends on these programs.
causalpending
Speaker
Ray DalioEvidence Quote
“so many of the actions that are taken now have these second order consequences the state of Connecticut which um is the richest second richest state in the country 22% of the high school students have either dropped out of high school or or are um um failing with absentee rates of greater than uh 25% so you have a situation and and now we're going to cut off food programs School of lunch programs and so on in very big movements how do you deal with such a complex mess of unproductive activities and all of these things”
Source
Ray Dalio and Salesforce’s Benioff on AI, trade wars and new world order— CNBC International LiveCreated: 8/11/2026, 5:33:25 AM
My Notes
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