Growing private wealth, combined with public austerity, is undermining the health of western democracies<\/p>\n
In an intriguing study about to be published<\/a>, the Dutch political philosopher Ingrid Robeyns poses a question that very rarely gets asked in mainstream politics. When it comes to the personal income and assets of the super-rich, how much is too much? The answer, she suggests in Limitarianism: The Case Against Extreme Wealth, should be anything above \u20ac10m. At that point, taxation should intervene, redeploying the surplus for the common good.<\/p>\n Ms Robeyns is not naive. She thinks of her \u20ac10m figure as a guiding ideal to be striven for, but one that is unlikely ever to become a reality given the current way of the world. Quite. Nevertheless, her provocative intervention is valuable, because it draws attention to a curious disjunction: as the wealthy have got steadily richer in recent times, soaking up the benefits of free capital movement<\/a>, share price surges<\/a> and rising asset values, political talk about wealth taxes has diminished to a barely audible murmur.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Growing private wealth, combined with public austerity, is undermining the health of western democracies In an intriguing study about to be published, the Dutch political philosopher Ingrid Robeyns poses a question that very rarely gets asked in mainstream politics. When it comes to the personal income and assets of the super-rich, how much is too … Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-2159","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/2159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=2159"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/2159\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=2159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=2159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=2159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}