Why Billionaires Should Be Banned with Ingrid Robeyns

Factually! with Adam Conover

Headgum

Comedy

4.4 • 2.2K Ratings

🗓️ 22 May 2024

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is brought to you by BetterHelp. Give online therapy a try at betterhelp.com/FACTUALLY and get on your way to being your best self.

We're happy to have conversations about eliminating poverty, but why are we so reluctant to talk about eradicating extreme wealth? Poverty is commonly regarded as an indication of a struggling society, and a tiny number of people controlling a disproportionately large amount of wealth should be seen similarly. Political philosopher Ingrid Robeyns, author of Limitarianism: The Case Against Extreme Wealth, joins Adam to explore how imposing limits on personal wealth accumulation can benefit society, democracy, and surprisingly even improve the lives of the wealthy. Find Ingrid's book at factuallypod.com/books

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Transcript

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0:00.0	This is a headgum podcast. I don't know what to think I don't know what to say.
0:15.0	Yeah, that's all right.
0:18.0	That's okay.
0:21.0	I don't know anything.
0:25.0	Hello and welcome to Factually.
0:27.0	I'm Adam Conover.
0:28.0	Thank you so much for joining me on the show again.
0:30.0	You know, we all know that poverty is a bad thing. and I think most of us agree that the world would be a better place if poverty didn't exist or at least were greatly reduced.
0:39.6	It's not just the human suffering that makes poverty bad.
0:42.8	It's also bad for an entire society
0:44.8	if a large group of people can barely survive.
0:47.8	That's why L.BJ waged a war on poverty,
0:50.7	and in the booming 1960s,
0:52.3	the poverty rate indeed went down a huge 39%.
0:56.7	But if we won a couple battles on poverty back then, we have lost the war since.
1:02.4	You know, we had a 13% poverty rate in 1980,
1:06.0	and an 11.5% poverty rate in 2000.
1:09.2	But that rate was basically the same last year,
1:12.4	23 years later.
1:14.0	And you know, we talked to some extent in this country
1:16.4	about how poverty is bad.
1:17.6	We should talk about it more.
	...

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