I call this “limitarianism,” in which societies define a cap on how much personal wealth an individual can accumulate. If we look carefully at the reasons for limiting personal wealth, we might well agree on a much lower maximum limit. Why should society limit extreme personal wealth? A more fundamental reason to limit wealth? What is the upper limit above which personal wealth starts to turn into wasteful spending?

Source: Los Angeles Times February 12, 2024 16:51 UTC