8) We need an #ExtremeWealthLine if we are to lift more people above the #PovertyLine
If we believe #SocialMobility is good then a #WealthTax becomes a necessity
If we believe our #Politics is increasingly been bought by the #UltraWealthy then failure to address gross #inequality will lead to a decline in western #democracy
@ingridrobeyns
Lays it out clearly in this piece 👇
https://www.theguardian.com/commentisfree/2026/jun/17/is-it-bad-that-elon-musk-has-a-trillion-dollars-yes-and-heres-why
Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why
Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth becomes harmful, says economist and philosopher Ingrid Robeyns
💰🧐 A publication sets out to define the "extreme wealth line," where
#millionaires pontificate on having too much money while sipping
#champagne. Apparently, listening to rich folks discuss harmful wealth is the new spectator sport. 🍾🙄
https://neweconomics.org/2025/01/exploring-an-extreme-wealth-line #extremewealthline #wealthdiscourse #spectatorculture #wealthinequality #HackerNews #ngated
Exploring an extreme wealth line
Insights from political figures, policy experts, and millionaires on a threshold for harmful wealth
Martin Nutty
N-gated Hacker News