BOOK REVIEW
Where should society draw the line on extreme wealth? A fresh account sets out the logic and suggests how to redress inequality.
BOOK REVIEW
Where should society draw the line on extreme wealth? A fresh account sets out the logic and suggests how to redress inequality.
You could live a decent middle class lifestyle with 4 million dollars and never work again. Let’s be generous and say 10 million is the cap. There’s no reason to get further, much less to a billion.
I was going to say something about “cost of living in an area” because 10M in WV is gonna go a lot further than 10M in NYC, but then I started wondering what kind of knock-on effects setting that hard cap would have? Would cost of living in NYC decrease because now the rich people can’t be rich enough to comfortably afford it, or will it cause them to keep contributing to society for a paycheck because they don’t want to move? Feel like this might be a good speculative essay subject for a financial policy class.
That’s just socialism. On Second Thought, let’s just do that.