Ingrid Robeyns explains why we should implement a wealth cap, and what it might look like.
How much wealth is too much wealth?
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The wealth of the richest in our societies has grown disproportionately over the last few years. Many wish to tackle this growing inequality, yet others argue the richest are needed to create and invest in products and services that benefit the rest of us. Join philosopher and economist Ingrid Robeyns, as she proposes her solution: limitarianism, or a hard limit on the wealth any one person can accumulate. But will it work in practice?
#inequality #elonmusk #wealth #economics
Ingrid Robeyns is a political philosopher known for her work on economic justice, the capability approach, and advocating limits on extreme wealth.
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0:00 Intro
0:21 Hyperwealth: the rise of the deca-billionaires
3:16 - The rich do not pay the most tax
7:23 Reason 1 to limit wealth - historically immoral sources of wealth
11:10 Reason 2 - Nobody needs so much money
13:01 Reason 3 - Extreme wealth undermines democracy
15:54 Reason 4 - Incompatible with ecological sustainability
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