Journeying along a boundary of extreme riches

Journeying along a boundary of extreme riches

**FAQs**

1. **What is extreme wealth line (EWL)?**
The extreme wealth line (EWL) is a concept that seeks to define the point at which excessive wealth accumulation becomes harmful, unjustifiable, or detrimental to individuals, society, and the environment.

2. **How is the EWL different from the poverty line?**
The poverty line focuses on determining the minimum income or resources needed for individuals to access life’s essentials like food, shelter, and clothing, while the EWL addresses the concentration of global wealth in the hands of a few and the potential harm it may cause.

3. **What are some statistics that highlight the issue of extreme wealth concentration?**
Statistics show that the richest 1% of humanity captured over 50% of all new global wealth in the last decade, the top ten wealthiest people in the world own more wealth than the poorest three billion combined, and the average billionaire’s carbon footprint is significantly higher than that of the average person.

4. **What are some proposed approaches to address extreme wealth concentration?**
Proposed approaches include setting an EWL to prompt discussions on wealth inequities, implementing redistributive measures like taxation, and engaging in conversations about the impact of economic growth on society and the environment.

5. **What are the challenges in implementing an EWL?**
Challenges in implementing an EWL include determining where the line should be set, enforcing associated policies, and facing potential backlash from those with extreme wealth.

**Conclusion**

The concept of an extreme wealth line (EWL) has gained attention from political figures, policy experts, and millionaires as a tool to address the growing issue of wealth concentration. The discussions surrounding the EWL have highlighted the need to reassess societal attitudes towards excessive wealth accumulation and the potential harm it can cause. By setting a threshold for harmful wealth and implementing redistributive measures, there is an opportunity to tackle inequities and promote a more just and sustainable economic system. Moving forward, further research, public engagement, and collaboration with international institutions will be key to advancing the conversation around extreme wealth and its impact on society and the environment.

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