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Political philosopher Ingrid Robeyns argues for a maximum limit on personal wealth. She discusses wealth inequality, its threat to democratic societies, and the historical perspective. The link between wealth inequality and political stability is explored, along with the challenges of political change. The hosts discuss selling the concept of limitarianism in America and reconceiving the market and private property for a more equitable system.
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- Limitarianism proposes an upper limit on personal wealth, based on the harm caused by excessive wealth concentration.
- Wealth inequality undermines democracy and societal stability, necessitating limits on wealth accumulation and stronger anti-corruption measures.
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Limitarianism: Imposing upper limits on personal wealth accumulation
Limitarianism is a view that there should be an upper limit on personal wealth accumulation, just as there is a poverty line. This is based on the moral argument that excessive wealth concentration leads to harm, such as ecological degradation and the undermining of democracy. Ingrid Robens proposes a political limit of 10 million euros in countries like the Netherlands, with a healthcare system and public pension support. Additionally, a personal voluntary limit of 1 million euros is suggested based on research indicating that beyond this point, increased wealth does not significantly enhance quality of life.
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