Modern Marxism

Stuff reports:

Is it possible to have too much wealth? To be too rich? And should we therefore have a cap on wealth?

Dutch political philosopher Ingrid Robeyns believes the answer to those questions are: yes, yes and yes! …

Robeyns has written a book arguing that we’d have a vastly better world if we had a hard limit on the wealth that any one person can accumulate – a cap on the rich. She calls the concept Limitarianism – and she’s willing to put a number on it.

She says the idea of people being below the poverty line is morally unacceptable and wants an upper threshold too.

This is like arguing that as it is unacceptable some people die at a young age, it should be unacceptable some people live to an old age!

What Robeyns promotes is basically Marxism – the notion that all wealth belongs to the state, and you can only keep what it allocates to you.

Imagine her $14 million limit in real life. Rod Drury made more than that from Aftermail. So under this worldview, any surplus wealth would have been confiscated. So how likely is it Drury would go on to create Xero, if every cent he made from it gets taken by the Government? Almost zero – he’d just go surfing instead.

So under this system, we would not have a Xero. Thousands of jobs would not have been created, and the world’s best accounting software would not have been created making life so much better for millions of small businesses.