How we think about wealth has a profound impact on the world in which we live. Some years ago, philosopher Ingrid Robeyns proposed a new perspective on wealth, which she dubbed limitarianism. Robeyns argues that once people can live a fully flourishing life, additional wealth lacks moral value for the holder because it does not contribute their flourishing. And because such wealth threatens political equality, leaves many people’s urgent needs unmet, and could be used to address the current climate crisis, such wealth should be redistributed.
In my paper, I defend a version of this view. I argue that there are good political and ethical reasons to prevent people from having more than a certain amount of wealth. Above some point, wealth has little if any value for the holder, yet it could have huge value if redistributed.