The motion calls for abolishing the entitlements that wealthy millionaires had, until citizens and their governments said, we will no longer be servile to wealth plutocrats. The idea of abolition might be condemned as an act of violence, it will be seen like an unfair overstretch of government. But i suspect that from my opponent, you might hear a similar phrase, abolish wealth, but with a different emphasis. For smith, true freedom meant an end to the barbaric privileges and gross impunity of the excessively rich. You abolish millionaire power, which is what this motion calls for. Just like it was once necessary to reign in the absolute power of feudale monarchs and overlords,
Reportedly the planet's richest person, multibillionaire Elon Musk is currently seeking to buy the World's online public square, Twitter. Should billionaires be able to buy so much influence? For this week's Sunday Debate we revisit a discussion from 2021 investigating just that, when we invited Professor Linsey McGoey of Essex University and Ryan Bourne of the Cato Institute go head to head on whether society should tolerate the existence of billionaires. The debate was chaired by Economics Editor at BBC Newsnight, Ben Chu.
Learn more about your ad choices. Visit podcastchoices.com/adchoices