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rayckeith ,
@rayckeith@techhub.social avatar

"As radical as they might seem, calls for limits on wealth are as old as civilization itself. The Hebrew Bible and Torah recognized years during which debts should be cancelled, slaves set free and property redistributed from rich to poor. In classical Greece, Aristotle praised cities that kept wealth inequality in check to enhance political stability. And in 1942, then-US president Franklin D. Roosevelt argued that annual incomes should be capped at the current equivalent of US$480,000.

"In Limitarianism, Dutch and Belgian economist and philosopher Ingrid Robeyns argues that it’s time for twenty-first-century governments to do the same. She explores what setting limits on wealth ownership might mean, and why our societies should want to do so. It is a fresh take on a much-needed discussion at a time when, for example, the richest 1% of the US population owns about as much wealth as the bottom 90%."
https://www.nature.com/articles/d41586-024-01276-1

rayckeith OP ,
@rayckeith@techhub.social avatar

"Robeyns discusses policies that would constitute the essence of a limitarian policy platform, acknowledging that there is no one‑size-fits-all solution. Her proposals build on the work of Anthony Atkinson’s book Inequality (2015), Thomas Piketty’s A Brief History of Equality (2021) and Isabelle Ferreras and colleagues’ Democratize Work (2022). These include giving workers more rights over firms’ strategic decision-making and restoring governments’ fiscal agency by changing tax rules to limit the possibilities for tax evasion."

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