Let’s be clear – An extreme wealth line is not a cap on wealth

What can be said – and potentially done – about extreme concentrations of wealth? As a first step, an “extreme wealth line” (EWL) specifies a level at which the harms associated with concentrations of wealth intensify and are no longer considered acceptable, write Tania Burchardt, Ingrid Robeyns and Michael Vaughan in our latest blog post. The EWL is a social indicator; it is not the same as a cap on wealth.

This article is also supported and co-signed by Rebecca Gowland and Milly Shotter (Patriotic Millionaires), Max Lawson (Oxfam International) and Danny Sriskandarajah (New Economics Foundation).