Chuck Collins

Chuck Collins

Chuck Collins is a senior scholar at the Institute for Policy Studies where he co-edits Inequality.org, and is author of the new book, Born on Third Base: A One Percenter Makes the Case for Tackling Inequality, Bringing Wealth Home, and Committing to the Common Good.  He is cofounder of Wealth for the Common Good, recently merged with the Patriotic Millionaires. He is co-author of 99 to 1: The Moral Measure of the Economy and, with Bill Gates Sr., of Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes.

Articles by this author

If you’re not ready to give away the wealth, set up your life so that you can give it away later on. Learn how to earn a livelihood that isn’t dependent on being wealthy. (Photo: YES! illustration by Pablo Iglesias) Views
Tuesday, November 20, 2018
One Way to Skip Wall Street and Invest in Your Community
I recently met a person who, with considerable angst, asked what to do about a substantial inheritance. My heartfelt response: Give it away. I did it myself more than 35 years ago, and it was the best decision I ever made. In 1986, faced with my own intergenerational wealth moment, I passed the...
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Tuesday, October 30, 2018
Time for a Tax on Billionaire Wealth Dynasties
“We are developing into a plutocracy.” These words are not from Bernie Sanders, but Paul Volker, the former chair of the Federal Reserve under both Presidents Jimmy Carter and Ronald Reagan. One indicator that we are drifting toward plutocracy is whether great fortunes grow or disperse over decades...
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City officials are failing to understand how such towers play a key role in the global hidden wealth infrastructure, a shadowy system that’s hiding wealth and masking ownership, all for the purpose of helping the holders of private fortunes avoid taxes and oversight of illicit activities. (Photo: Screenshot) Views
Wednesday, October 10, 2018
Towering Excess: The Perils of the Luxury Real Estate Boom for Bostonians
Boston is experiencing a luxury real estate boom, with thousands of new luxury residential and rental units in different stages of development. A decade from now, Boston’s skyline and population demographics will be fundamentally altered by decisions being made today. This boom does have benefits,...
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Trump is really no different than hundreds of other billionaires and centi-millionaires around the world that use aggressive techniques to hide money, reclassify and reappraise assets, and dodge and evade taxes. Views
Thursday, October 04, 2018
Trump and the Wealth Dynasty Defense Industry
There is little that is shocking about The New York Times expose that Donald Trump and his family schemed to avoid taxes and were handed hundred million dollar inheritances. Despite Trump’s boast to being a self-made billionaire, he was “born on third base,” inheriting a real estate empire from his...
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In New York City, dozens of luxury towers have been connected to global money laundering. (Photo: Bally Scanlon/Photodisc/Getty Images) Views
Wednesday, September 12, 2018
The Wealth Hiding in Your Neighborhood
The rich are hiding trillions in wealth. You’ve probably heard about their offshore bank accounts, shell corporations, and fancy trusts. But this wealth isn't all sitting in the Cayman Islands or Panama. Much of it's hiding in plain view: maybe even in your town. America's big cities are...
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"For every dollar a millionaire gives to charity, the public subsidizes 37 to 57 cents of that donation through diminished tax revenue." Views
Tuesday, July 31, 2018
If You Take a Charitable Tax Deduction, You Should Actually Give to Charity
In every community, there are nonprofit charities that serve real needs: local food pantries, programs addressing the opioid crisis, the Red Cross chapters that come to our aid after a storm. Charities provide vital services to the people and places they serve. These organizations lean heavily on...
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"There was a time in the not-too-distant past when Californians could attend top tier research universities as well as state and community colleges without incurring student debt." (Photo: Joe Brusky/flickr/cc) Views
Friday, May 11, 2018
Restoring Opportunity: Taxing Wealth to Fund College For All in CA
Decades of regressive tax cuts and subsequent budget cuts have undermined the rosy reality of higher education in California. Resulting tuition increases have shifted the cost of college on to students and their parents. Restoring Opportunity: Taxing Wealth to Fund College for All in California...
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"As part of the Republican tax cut pushed through at the federal level, the wealth threshold of the federal estate tax was doubled for a family from $11 million to $22 million.' (Photo: Mike Procario / Flickr) Views
Friday, February 16, 2018
Taxing Wealth to Make Public College Free Again
Angad Singh Bhalla holds his son, Nanak, in his arms while juggling phone calls at all hours of the day. He is the coordinator of newly formed California College for All campaign. A filmmaker and labor activist, Bhalla has jumped into this campaign with gusto. For Bhalla, this is more than a...
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The University of California-Berkeley (Photo: Mike Procario / Flickr) Views
Wednesday, January 31, 2018
A California Trend Worth Catching: College for All
California can be an annoyingly trendy state. Think avocado toast, In-N-Out Burger, Hollywood fashion, even legal pot. But Californians are now in the vanguard to fix the serious problem of how to pay for public higher education. Over 44 million households in the U.S. are saddled with college debt...
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"The reality is that the small number of estate tax beneficiaries aren’t farmers at all. They’re mostly wealthy city dwellers." (Photo: Inequality.org) Views
Friday, December 29, 2017
Help For Struggling Millionaires Is On the Way
It isn’t easy being a millionaire these days, especially if you’ve got less than $20 million. Fortunately, Congress is watching out for you. Yes, the Republican tax cut bonanza targets lower end millionaires for special relief. Now those struggling to scrape by with $15 million or $20 million can...
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