The Gray Area with Sean Illing The case for banning...millionaires?
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Jan 29, 2024 Ingrid Robeyns, a political philosopher and economist at Utrecht University, argues for limiting personal wealth to combat inequality. She discusses the moral necessity of 'limitarianism' and how capping individual wealth could benefit not just the less fortunate, but even the super-rich. The conversation delves into the ethical implications of extreme wealth, the absurdity of billionaire fortunes, and the impact of wealth concentration on democracy. Robeyns highlights the need for progressive taxation and collective civic engagement for a fairer society.
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Unsustainable Inequality
- Extreme wealth inequality may be an existential threat to democratic societies.
- This is a serious policy question beyond simple moral judgments.
Limitarianism: Ethical and Political
- Ingrid Robeyns argues for wealth limits, not just for ethical reasons, but for political necessity.
- She believes it's crucial for the stability of democratic societies.
Defining Limitarianism
- Limitarianism proposes an upper limit on personal wealth, similar to a poverty line.
- Robeyns emphasizes the reasons for the limit over the specific number.
