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Limitarianism: The Case Against Extreme Wealth
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In this thought-provoking episode, we delve into Limiterianism: The Case Against Extreme Wealth by Ingrid Robeyns, a pivotal work published by Allen Lane in 2024. Authored by Lucas Chancel and featured in Nature, this review tackles the pressing issue of extreme wealth inequality, a challenge that calls for urgent societal and governmental action.
Robeyns proposes a bold solution: imposing a wealth limit of €10 million (or USD) per person. This episode explores the historical precedents for wealth limitations, from ancient societies to modern proposals like Roosevelt's 1942 income cap. We discuss how empirical research indicates that a wealth threshold of around €4 million for a family of four is widely accepted as a reasonable marker of the "super-rich" in Europe.
The conversation highlights the often unethical practices surrounding extreme wealth accumulation, including tax evasion, and connects contemporary disparities to historical injustices such as slavery and colonialism. We examine how wealth concentration not only hinders efforts to uplift the disadvantaged but also undermines democratic systems and equal opportunities for all.
Join us as we unpack Robeyns' argument that capping individual wealth could foster a more just and equitable society, enhancing social welfare and democracy. We pose critical questions: What challenges and benefits would arise from implementing wealth limits? How can these limits be enforced fairly? And what alternative solutions might exist to address the stark divide in wealth?
Source:
How rich is too rich?
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