Nevertheless the soul can be just as thoroughly ruined by excessive poverty as by excessive wealth; both wound with equal severity, for wealth and beggary are two extremes. The mean is called sufficiency, and that is where abundant virtues lie, for Solomon has written, without reservation, in the thirtieth chapter, in fact, of a book of his entitled Proverbs: “By your power, O God, preserve me from wealth and beggary, for when a rich man takes to thinking too much about his wealth, he so sets his heart upon madness that he forgets his creator. And how can I save a man from sin when he is assailed by beggary? It would be hard for him not to be a thief or a perjurer…
I neither say nor maintain that kings should be called rich any more than the common folk who go through the streets on foot, for sufficiency equals wealth, and covetousness equals poverty.
(Guillaume de Lorris) & Jean de Muin: The Romance of the Rose
The idea that sufficiency is equal to wealth may seem paradoxical. Its truth depends on understanding the way in which inequality poisons life between fellow human beings – the excessively poor are tempted into one set of vices and the excessively rich are tempted into a different set of vices. However, in order to accept this analysis you may need to be able to see that we should judge social life by moral standards: economic growth and achievement, on its own, has no real meaning. It is what we do with our wealth that matters.
Another way of thinking about this is to recognise that one of the keys to citizenship is sufficient income security. If someone is too poor then they become unduly dependent upon others – this damages their status. However if someone is too rich they do not need others and this also damages their status (an oligarch is not a citizen). Having ‘just enough’ is also important in that it leaves us with room for growth, earning, development – that is, incentives for deeper citizenship.