Future Tense cover image

Future Tense

Limitarianism — could a cap on wealth reduce inequality?

Mar 13, 2025
Morris Pearl, Chair of the Board of Patriotic Millionaires, and Maria Farrell, a writer and technology thinker, dive into thought-provoking ideas about wealth and the internet. They discuss the extreme pay gaps between CEOs and workers, arguing for higher taxes on the wealthy to combat inequality. Pearl champions Limitarianism, advocating for individual wealth caps, while Farrell calls for rewilding the internet to disrupt monopolistic control. Their conversation sparks a debate about using excess wealth for social good and creating a healthier online ecosystem.
28:38

Podcast summary created with Snipd AI

Quick takeaways

  • The concept of limitarianism advocates for imposing a wealth cap to mitigate excess wealth's negative effects on society and promote equality.
  • Patriotic Millionaires argue that increased taxation on the wealthy is essential for sustaining democracy and addressing the alarming rise in income inequality.

Deep dives

A New Approach to Patriotism and Wealth

Patriotism can be redefined to promote social good and inclusivity rather than division. The organization Patriotic Millionaires, led by wealthy individuals like Morris Pearl, advocates for policies that address growing inequality, arguing that such disparity is unsustainable for all, including the rich. They propose that the wealthy should be substantially taxed to fund a healthier democracy and support societal stability. For instance, they are pushing for tax systems where the rich pay the same tax percentage as working individuals and suggest increasing the minimum wage to better enable basic living standards.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode