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- The excessively wealthy, however, are not, by and large, business owners and retirees who have accumulated their personal wealth slowly or through small inheritances. Rather, excessive wealth almost invariably originates in the extraction of wealth from people, the planet, and the political system.
inequality.org/research/excessive-wealth-has-run-amok/
Sep 6, 2023 · An HNWI is a person who owns liquid assets valued at $1 million or more. There is no official or legal definition of the term, and the threshold for high net worth is generally understood to...
- Benjamin Curry
- What Is Limitarianism?
- Where Did The Idea Come from?
- Every Billionaire A Policy Failure?
- Great Wealth Can Impair Climate Change Action
- Critique While The Rich Keep Getting Richer
- Can Limits Realistically Be Put on Wealth?
Economic limitarianism is a concept that explores the idea that no one should be excessively rich. It focuses on the harms and risks of having super-rich individuals. When discussing inequality, it doesn't look at the problems of poverty or raising the poorup out of poverty. Instead, it focuses on having too much. Putting an upper limit on how much...
One academic in particular is behind economic limitarianism: Ingrid Robeyns, a Belgian theorist working at Utrecht University in the Netherlands. She researches and teaches in the philosophy department, focusing on ethics, political philosophy and social justice. She first presented the idea of limitarianism at a conference in 2012 but it took a fe...
The theory is also much more than simply looking at income inequality. Morality is at the core of limitarianism. When is it morally or ethically necessary to intervene in a free market economic system for the benefit of society as a whole? Are wealthy individuals adding to society by investing in increased productivity or are they just speculating ...
Economic limitarianism also assumes that a more equal distribution of wealth would lead to a better overall quality of life in the world. It could help those living in extreme poverty to flourish. "If you already have $10 million, it doesn't add much to your lifestyle if you get another 100,000 euros or dollars. But if you have no wealth at all, th...
Some critics think that economic limitarianism does not go far enough. Companies should also be subject to limitarianism guidelines, they say. Still, other philosophers and economists strongly disagree with the ideaof limiting wealth. They see no moral limit to riches earned or inherited. In fact, it is the chance to become rich that propels entrep...
Robeyns sees the real-world problems with implementing her ideas. First, it is nearly impossible to come to a universal definition of how rich is too rich. Secondly, even if there were a defined amount, how would anyone go about actually collecting the surplus money? She finds consolation in the fact that philosophers are there to ask questions and...
Jan 22, 2024 · Billionaires have been minted at a dizzying pace in the last few decades — in 1987 Forbes counted 140, while in 2023 the tally was 2,640 — and we’ve now returned to the point in the cycle where...
- Whizy Kim
Mar 18, 2024 · The excessively wealthy, however, are not, by and large, business owners and retirees who have accumulated their personal wealth slowly or through small...
Forbes' Real-Time Billionaires rankings tracks the daily ups and downs of the world’s richest people. The wealth-tracking platform provides ongoing updates on the net worth and ranking of each...
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Mar 15, 2023 · A conversation with the head of a new think tank focused on curbing the excessive wealth of the nation's richest individuals. A mid-pandemic survey from Pew found that 55 percent of Americans have no opinion on whether billionaires – whose wealth doubled during the pandemic – are good or bad for the United States.
