Factually! with Adam Conover

Why Billionaires Should Be Banned with Ingrid Robeyns

May 22, 2024

Political philosopher Ingrid Robeyns discusses the negative impact of extreme wealth on society, advocating for wealth limitations. Topics include the addictive nature of wealth accumulation, billionaire influence on media and democracy, setting wealth caps for the ultra-rich, and reevaluating societal values. Robeyns' book 'Limitarianism' is promoted at the end.

01:07:02

Episode guests

Ingrid Robeyns

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Quick takeaways

Limitarianism advocates for capping individual wealth to uphold democracy and prevent undue political influence.

Reducing inequality can spur economic growth, debunking the notion that extreme wealth benefits all.

Rethinking global poverty metrics reveals biases in economic policies and underscores the need for equitable resource distribution.

Deep dives

Limits on Extreme Wealth and Democracy

Limitarianism argues that extreme wealth undermines democracy by giving the super rich unfair political power. This can lead to policies skewed towards the interests of the wealthy and influence public discourse, compromising political equality. The concentration of wealth in the hands of a few individuals erodes the foundations of a robust democracy and poses a threat to collective governance.

Compulsion for Wealth Accumulation

01:33

Introduction

5min

Rethinking Extreme Wealth and Power in Society

20min

Managing Stress and Allergy Relief

3min

Billionaire Influence and Economic Inequality

16min

Wealth Disparities and the Case for Imposing Wealth Caps

6min

Reevaluating Extreme Wealth and Society's Values

23min

Guest's Book Promotion and Support Acknowledgment

2min

This episode is brought to you by BetterHelp. Give online therapy a try at betterhelp.com/FACTUALLY and get on your way to being your best self.

We're happy to have conversations about eliminating poverty, but why are we so reluctant to talk about eradicating extreme wealth? Poverty is commonly regarded as an indication of a struggling society, and a tiny number of people controlling a disproportionately large amount of wealth should be seen similarly. Political philosopher Ingrid Robeyns, author of Limitarianism: The Case Against Extreme Wealth, joins Adam to explore how imposing limits on personal wealth accumulation can benefit society, democracy, and surprisingly even improve the lives of the wealthy. Find Ingrid's book at factuallypod.com/books

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