ABSTRACT:
The case for restricting wealth seems rather intense. Indeed the onus of proof is on those who defend the sanctity of the existence of billionaires, to show why they should be allowed to amass or even siphon off millions of dollars. However, this is not the end of the road. The erecting of a so-called “wealth ceiling”, as championed by Belgian- Dutch philosopher Ingrid Robeyns so that “no one has more than an upper threshold of valuable goods”, seems rather baffling in the contemporary age of economic slackness.
Indeed, a world without billionaires, would have profound contemporary significance. With the positive implications ranging from a steep fall in disruptive climatic conditions on the environmental front to reduced incidences of poverty, on the economic front, the grass might seem greener on the other side, however not correctly so, and this is where we get a glimpse of a different picture.
Continue reading The Demise of Billionaires: Allure of Economic Reckoning – by Ainesh Dey
Hey readers, with African American history top of mind, does the name “Barbara Johns” ring a familiar bell with you? If not don’t feel bad, you’re not alone. You see, when African American history comes up there are two realities; first, it gets compressed into February (or recently Juneteenth) and, second, it typically cites the well-deserved names as its founder Carter G. Woodson, Dr. Charles Drew, Rosa Parks, George Washington Carver, W. E. B. DuBois Dr. King and others. So, I figured that perhaps the Barbara Johns’ story of profound unprecedented courage, the focus of this narrative, may pique your interest.