https://pacheco-torgal.blogspot.com/2019/12/can-190-million-usd-threshold-be.html
In a blog post (link above) dated December 18, 2019, I advocated for an individual wealth cap of 190 million USD, a figure equivalent to 10,000 times the annual world GDP per capita. At the time, this seemed like a bold yet reasonable proposal. However, to my surprise, Ingrid Robeyns, Professor of Ethics at Utrecht University, has recently put forward an even more stringent limit in her newly published book, 'Limitarianism: The Case Against Extreme Wealth,'.
She suggests a maximum political accumulation of 10 million euros and, on a personal ethical level, she proposes an even lower limit of 1 million euros. This proposition is grounded in the belief that excessive wealth poses threats to democracy and conflicts with the principles of climate justice. The viability of this thesis was subjected to scrutiny in a lively debate hosted by the London School of Economics https://www.lse.ac.uk/Events/2024/01/202401311830AUD/wealth
