The Common Good Podcast
Chuck Collins on the Industry That Protects Wealth and How It Hurts Everyone--Most people feel on the outside of extreme wealth. Some aspire to it. Many consider it immoral. For most of us it’s a sideshow. But Chuck says, “No! It’s not a sideshow. It’s the main show. It affects all of us.” We pay the taxes that build what everyone uses. They avoid taxes, sometimes paying none, taking no responsibility for the common good though they benefit from it. Chuck explains who makes all this work.
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info_outlineMost people feel on the outside of extreme wealth. Some aspire to it. Many are offended by it and consider it immoral—even evil. For most of us it’s a sideshow. But Chuck Collins, our guest today, says, “No! It’s not a sideshow. It’s the main show. It affects all of us.” We pay the taxes that build what everyone uses. They avoid taxes, sometimes paying none, taking no responsibility for the common good though they benefit from it. Who makes all this work? That’s what our guest today explains. Definitely worth staying with us. We hope you can.
Our guest, Chuck Collins, is Director of the Program on Inequality and the Common Good, co-editor of Inequality.org at Institute for Policy Studies. I first became familiar with him through the book, Robin Hood Was Right: A Guide to Giving Your Money for Social Change, co-authored by Chuck in 2000. Then I was greatly impacted by a book he wrote with Felice Yeskel, Economic Apartheid in America: A Primer on Economic Inequality and Insecurity (2005). That book so clearly explains how the economic system can lessen the economic divides in our society and how it can increase them. Subsequently, I established a relationship with Chuck at the Solidarity Economic Forum in Amherst, Massachusetts, in 2009. When I wrote my first book, Blinded by Progress, Chuck agreed to write the “Foreword.” I’m grateful for that.
A good way to appreciate why Chuck can speak with authority to our topic today, inequality and the radical wealth divide, is to scan titles of his writings.
- He is author of the popular book, Born on Third Base: A One Percenter Makes the Case for Tackling Inequality, Bringing Wealth Home, and Committing to the Common Good (Chelsea Green)
- There’s also: Is Inequality in America Irreversible? (Oxford, UK-based Polity Press).
- He’s also written 99 to 1: How Wealth Inequality is Wrecking the World and What We Can Do About It.
- He is co-author with Bill Gates Sr. of Wealth and Our Commonwealth, (Beacon Press, 2003), a case for taxing inherited fortunes. Chuck’s work with wealthy persons led to co-founding Wealth for the Common Good, a network of business leaders, high-income households and partners working together to promote shared prosperity and fair taxation. This network merged in 2015 with the Patriotic Millionaires.
Most recently, Chuck has written, The Wealth Hoarders: How Billionaires Spend Millions to Hide Trillions. And a short article appeared in “YES! Magazine” entitled, “Helping the Rich Give Away Their Wealth.”