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Extreme Wealth – Episode 7: Chuck Collins and the Burdens of Dynastic Wealth

Bribe, Swindle or Steal

Release Date: 11/06/2024

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Bribe, Swindle or Steal

, refugee, public speaker, and project manager with the Syrian Emergency Task Force, shares the wrenching story of his three years as a political prisoner in the worst of Syria’s prisons. He discusses the role that extortion plays there, simultaneously delegitimizing the regime further and propping it up financially.   Episode resources:  Mentioned at (00:33): Mentioned at (00:45): , 11 March 2020   This episode was originally published on 9 June 2021.

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Bribe, Swindle or Steal

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Extreme Wealth – Episode 7: Chuck Collins and the Burdens of Dynastic Wealth show art Extreme Wealth – Episode 7: Chuck Collins and the Burdens of Dynastic Wealth

Bribe, Swindle or Steal

In his mid-20s, Chuck Collins made a fateful choice. The great-grandson of Oscar Meyer, and thus an heir to part of the meatpacker’s family fortune, Chuck was skeptical of the riches (some $500,000 in 1986 dollars). He didn’t want to perpetuate the imbalances he saw dynastic wealth creating in society. Rather than live off the interest, or to give a portion to charity, Chuck gave away the entire inheritance, and thus embarked on a most unusual sort of normal life. In this episode, Chuck explains what reverberations his decision to give away his inheritance had on his family and in his...

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Bribe, Swindle or Steal

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In his mid-20s, Chuck Collins made a fateful choice. The great-grandson of Oscar Meyer, and thus an heir to part of the meatpacker’s family fortune, Chuck was skeptical of the riches (some $500,000 in 1986 dollars). He didn’t want to perpetuate the imbalances he saw dynastic wealth creating in society. Rather than live off the interest, or to give a portion to charity, Chuck gave away the entire inheritance, and thus embarked on a most unusual sort of normal life.

In this episode, Chuck explains what reverberations his decision to give away his inheritance had on his family and in his career, and he lays out his case to other similarly privileged Americans: Why life is better without the insulation that great wealth provides, and how billionaires can rejoin American life.

Chuck Collins is the director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he edits Inequality.org. He is also a founding member of Patriotic Millionaires, a group of high-net-worth Americans who advocate for public policies — including higher taxes on the wealthy — meant to rein in the political power of the richest Americans. His prolific writings focus on inequality, the racial wealth divide, philanthropy, the climate crisis, and billionaire wealth dynasties. His forthcoming book "Burned by Billionaires: How Concentrated Wealth and Power and Ruining Our Lives and Planet" will be published in 2025.