Should there be a limit to wealth? Right now the world’s rich and powerful are meeting in Switzerland. Some think we would all be better off without them.
X
Next
World's five richest men double their money
Should there be a limit to wealth? Right now the world's rich and powerful are meeting in Switzerland. Some think we would all be better off without them.
X
PreviousNext
<h2 class="wp-block-heading eplus-wrapper">What's happening? </h2>
In the 1800s, doctors told wealthyHaving a lot of money or assets. people to go Davos in SwitzerlandA country in central Europe, known for mountains, lakes and skiing. . They thought its cold weather would keep people healthy.
Now, rich people still meet in Davos - but today, it is for yearly meetings of the World Economic ForumAn independent organisation based in Switzerland which is committed to improving the world., where the powerful talk about worldwide issues.
One thing has changed: rich people have got a lot richer. The richest man in the mid-1800s had money worth about £2.35bn today. In 2024, Elon MuskA South African-born entrepreneur whose companies have included the online payment service PayPal. He now controls Twitter, renamed 'X'. has 80 times as much money - £197bn.
It is not just that the rich have got richer. The poor have got poorer as well.
Some think this is simply wrong. They argue it is time to have a limitA level which you cannot go beyond. on how much money one person can have.
Should there be a limit to wealth?
Yes! The very very rich are not good for the world. The luckiest people should be forced to share their luck with the rest of the planet.
<h2 class="wp-block-heading eplus-wrapper">Find out more </h2>
No! It is not right to take money away from people who have done nothing wrong. We should ask them to spend it in ways that help others - but we should not make them.
Wealthy - Having a lot of money or assets.
Switzerland - A country in central Europe, known for mountains, lakes and skiing.
World Economic Forum - An independent organisation based in Switzerland which is committed to improving the world.
Elon Musk - A South African-born entrepreneur whose companies have included the online payment service PayPal. He now controls Twitter, renamed 'X'.
Limit - A level which you cannot go beyond.
World’s five richest men double their money
Yawning gap: If current trends continue, world poverty will not be eradicated for another 229 years. Glossary
Wealthy - Having a lot of money or assets.
Switzerland - A country in central Europe, known for mountains, lakes and skiing.
World Economic Forum - An independent organisation based in Switzerland which is committed to improving the world.
Elon Musk - A South African-born entrepreneur whose companies have included the online payment service PayPal. He now controls Twitter, renamed 'X'.
Limit - A level which you cannot go beyond.