Should Billionaires Exist? The Case Against Extreme Wealth

Is it possible to be too rich? We often celebrate the super-rich as great innovators and heroes of industry — but what if their very existence is making the world less fair and less free? This March, the Big Ideas Book Club takes on a deliberately provocative claim: that billionaires shouldn't exist. It's a radical idea, but one worth examining carefully. The book we'll be discussing argues that this claim isn't driven by envy, but by evidence that extreme wealth undermines democracy, accelerates climate breakdown, rests far more on luck than merit, and diverts resources desperately needed to meet urgent collective challenges. Even if you instinctively disagree, the case is serious, evidence-based, and challenges common assumptions. Join us for a thoughtful, open discussion about wealth, power, and where we might draw the line — and if any billionaires come along, please feel free to buy a round of drinks for the group!

Book: Limitarianism – The Case Against Extreme Wealth (2024) by Ingrid Robeyns

In this month's book, Ingrid Robeyns, a professor of political philosophy and ethics at Utrecht University, builds a case that's both philosophically rigorous and grounded in real-world evidence. She examines how massive fortunes are accumulated—often through inheritance, luck, and public infrastructure rather than individual merit alone—and traces the consequences of that concentration through democratic institutions, climate policy, and social cohesion. Robeyns doesn't just critique; she proposes concrete alternatives, including what a "riches line" (the upper limit on personal wealth) might look like and how such a system could work in practice. Whether you're curious about the ethics of billionaire philanthropy, sceptical about wealth taxes, or wondering how extreme inequality affects everyone (including the super-rich themselves), this book offers a framework for thinking through questions that usually go unexamined. It's written for general readers, not academics, making complex ideas accessible without dumbing them down.

As always, we strongly encourage you to read the book before attending. Having read it will enrich both your experience and our collective discussion. We’ve also put links below to further resources on the topic.

So join us for a drink (and optional meal) at 6:30pm on Monday, 2nd March, on the 2nd floor of the Keg & Brew Hotel in Surrey Hills (i.e. up two flights of stairs). The venue is conveniently located near Central Station and the Light Rail.

We look forward to seeing you there!

P.S. Please adjust your RSVP if you have indicated that you will come but are no longer able to do so. This is courteous to others, especially if there is a waitlist.

P.P.S. Please adjust your email notification settings (particularly the 'Event updates from organizers' in the Big Ideas Book Club settings). This is useful for receiving any final details or late changes to the event.

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These are just optional links to consider. Feel free to pass on other useful links in the discussion section.

Audio-Visual
Presentations and interviews with Robeyns:
A Short Webinar Presentation (first 20mins)
Gresham College Presentation (1hr)
USA Today Interview (15mins)
Novara Media Interview (1hr)

Other explainer videos on the problems on extreme wealth:
Robert Reich - Should We Abolish Billionaires?
A short explainer video of Limitarianism (2mins)
Why billionaires should be ILLEGAL

Written

Summaries of the book:
SoBrief Summary
Article by Robeyns

Book Reviews:
The Guardian
Stewart Lansley Book Review
Erasmus Journal Book Review