The billion-dollar question: Can you be TOO rich?
Jan 23, 2022 2 mins, 19 secs
Abigail Disney is the granddaughter of Roy O.

But these days she thinks that great wealth isn't necessarily so magical.

"I really believe that money ruins people," she said.

I think money is like that.

She's criticized the multi-million-dollar salary of now-former Disney CEO Bob Iger, and just released a documentary, "The American Dream and Other Fairy Tales," that looks at income inequity in the U.S.

What really appalls Abigail Disney is some of the behavior of the super-rich, like when Richard Branson and Jeff Bezos launched themselves into orbit.

"Limitarianism is just a word for the thought that there should be a moral limit to how much wealth you can accumulate," Robeyns told Whitaker.

Robeyns believes the case against the super-rich isn't just moral; it's also environmental, from the profits of businesses that haven't paid for polluting the atmosphere, to the emissions from mega-mansions and private planes, and the unused dollars just sitting in offshore accounts.

I don't think you need a billion.".

Whitaker asked Vivek Ramaswamy, an entrepreneur who made more than a few dollars as the founder of a biopharmaceutical company, "Do you think that there's a point at which it becomes a problem for an individual, but also for society, when not just one person, but a whole class of people, has vastly more wealth than anybody else in the society?".

"I don't think that's inherently a problem," Ramaswamy replied.

To which Abigail Disney said, "I think that's hogwash

Anybody who's just there for the money, thank you very much, I don't wanna work with them."

Abigail Disney said, "I don't think it's right for a private individual, a group of individuals, to have that much say in the direction of social issues that all of us are affected by."

"The source of equality that I think we need to restore isn't an equality of wealth, it isn't a redistribution of wealth; it is a restoration of the idea that we are equal as citizens," he said

"I prefer to talk about, not a redistribution of wealth, but a redistribution of duty."

A startling new study just out from Oxfam, called "Inequality Kills," finds that the world's 10 richest men more than doubled their fortunes during the first two years of the pandemic – while income levels for the 99-percent of people around the globe actually fell. 

Whitaker asked Robeyns, "From a real-world perspective, how realistic is what you're talking about, putting an absolute limit on wealth?"

"I do not believe that in my lifetime there will be any country that has a general limit to wealth."

But here's one last thing to think about: If recent history is any guide, in just the eight minutes it took viewers to watch this story, Jeff Bezos' wealth increased by a million dollars. 

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