Where do people put the riches-line?

by Ingrid Robeyns on January 6, 2018

I’ve written here before about the research I’ve been developing on ‘limitarianism’ – the view that we put upper limits or caps on how much of some valuable resource people can have or use. One thing that struck me when giving talks about limitarianism of financial resources/wealth, is that there’s always someone in the audience shouting: “Give me a number!” If the claim is that there should be an upper limit to how much income and wealth someone can have, people want to know what those limits are. Also, I’ve noted that whether or not someone finds the financial limitarian view plausible depends, among other things, on where exactly that ceiling would be put.

One question one could ask, is whether within a political community, there is something of a shared view (or dominant view), of where that ceiling should be (assuming people hold that there should be such a ceiling in the first place, obviously). So I decided to team up with a colleague from economic sociology who has ample experience with conducting surveys, and try to measure, among the Dutch population, whether they hold the view that there should be an upper limit to wealth, and if so, where they would put the cut-off line between ‘rich’ and ‘extremely rich’. Is there a level of material affluence at which we find that people are having not just a lot, but too much? [click to continue…]