What, if Anything, is Wrong with Extreme Wealth?

pierremarc07
2020-11-3 08:40

This paper proposes a view, called limitarianism, which suggests that

there should be upper limits to the amount of income and wealth a person

can hold. One argument for limitarianism is that superriches can undermine

political equality. The other reason is that it would be better if the

surplus money that superrich households have were to be used to meet unmet

urgent needs and local and global collective action problems. A particular

urgent case of the latter is climate change. The paper discusses one

objection to limitarianism, and draws some conclusions for society, as well

as for the human development paradigm and the capability approach.

https://www.tandfonline.com/doi/full/10.108019452829.2019.1633734