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 co-founder 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

The point of philanthropic funds is to support charities, not to save the funds for the next generation or to provide management fees to companies that manage the warehouses where some $1.2 trillion of charitable donations are sitting today. (Photo: Getty/Stock Photo/Guido Mieth) Views
Wednesday, April 21, 2021
Responding to Concerns About the Emergency Charity Stimulus Proposal
Few people welcome change when they benefit from the status quo. So it’s not surprising that players within the philanthropic community would raise concerns about a proposal to change how much they are required to take out of their warehouses and give directly to charities. On the other hand,...
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If Bezos was still married to his ex-wife, MacKenzie Scott, together they would be worth another $60 billion or so—giving the couple a net worth of a quarter trillion dollars. (Photo: Andrej Sokolow/picture alliance via Getty Images) Views
Thursday, April 15, 2021
A Third of U.S. Billionaire Wealth Gains Since 1990 Have Come During Pandemic
The wealth of US billionaires has steadily grown over the last thirty-one years. But a third of $4.3 trillion in billionaire wealth gains since 1990 have come during the last 13 months of the pandemic. Between 1990 and April 2021, the combined wealth of U.S. billionaires increased 19-fold, from $...
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SpaceX owner and Tesla CEO Elon Musk poses next to Axel Springer CEO Mathias Doepfner on the red carpet of the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. (Photo by Britta Pedersen-Pool/Getty Images) Views
Thursday, April 01, 2021
Global Billionaire Wealth Increases to $4 Trillion During Pandemic
As over 2.8 million people have died globally from Covid-19 in the past year, the wealth of the world’s billionaires has surged. The planet’s 2,365 billionaires have seen their wealth increase $4 trillion, or 54 percent, during the pandemic year. Their combined wealth rose from $8.04 trillion to $...
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Activists spell out #TaxTheRich at Times Square in New York City. (Photo: Erik McGregor/LightRocket via Getty Images) Views
Sunday, March 28, 2021
To Fix the Nation's Woes, Tax Wealth
An annual wealth tax, levied on those with assets of more than $50 million, could solve a number of festering problems, from raising revenue for pandemic relief to slowing a democracy-disrupting concentration of power. It’s an idea whose time has come. A wealth tax would reverse more than a half-...
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"The wealth defense industry thrives on the creation of complex trusts, opaque transactions, and volumes of paperwork that justify their highly paid services. Complexity is their bread and butter," writes Collins. "The Sanders team, however, is undaunted." (Photo: iStock/Getty Images) Views
Thursday, March 25, 2021
Sanders Estate Tax Bill Shuts Down Wealth Hiding Loopholes
Senator Bernie Sanders has introduced two new pieces of legislation, including a bill to restore the corporate tax rate to its pre-Trump levels. The second bill, the "For the 99.5 Percent Act," is a reform of the federal estate tax, our nation’s only levy on the inherited wealth of multi-...
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The 10 biggest "Pandemic Profiteers" saw the greatest percentage increase in their wealth—at least 300 percent.(Photo: Getty/Stock Photo/Anton Petrus) Views
Wednesday, March 24, 2021
10 Biggest Pandemic Profiteers
A year ago, the Institute for Policy Studies published " Billionaire Bonanza 2020: Wealth Windfalls, Tumbling Taxes and Pandemic Profiteers," and began tracking billionaire wealth gains as unemployment surged. We teamed up with Americans for Tax Fairness (ATF) to track the wealth growth of America’...
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Participants seen spelling out #TaxTheRich at Times Square. As 6 bills will soon be introduced in the legislature to tax wealthy corporations and individuals who haven't been paying their fair share, a coalition of Activists gathered around New York City landmarks to call for the Equitable Taxation of Corporations, demanding legislators to pass the Financial Transaction Tax to generate around 9 billion dollars needed for COVID Recovery, and Essential Services. (Photo by Erik McGregor/LightRocket via Getty I Views
Thursday, March 18, 2021
The Rich Are Not Remotely Paying Their Fair Share
We hear it all the time: The wealthy must pay their fair share in tax. Many of the wealthy, and the members of Congress they sponsor, contend they already are. And they have all sorts of facts and figures to make that appear true. After all, for a billionaire, even a tiny tax payment in percentage...
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This week Senator Elizabeth Warren will introduce wealth tax legislation. (Photo by Greg Nash-Pool/Getty Images) Views
Monday, March 01, 2021
COVID-19 Has Exacerbated Extreme Levels of Inequality. It’s Time for a Billionaire Wealth Tax
What should good societies do when a wealthy few reap enormous financial windfalls during a global pandemic? While millions lost their lives, livelihoods, health and wealth, the world’s billionaires and super-rich prospered. According to research from Americans for TaxFairness and the Institute for...
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Frances McDormand and Chloé Zhao speak onstage at the drive-in premiere of Nomadland in Pasadena, California. (Photo by Amy Sussman/Getty Images) Views
Tuesday, February 23, 2021
Nomadland: The Lifetime Impacts of Gender-Bias in Wages
If you grew up agitated that "women earn 59 cents on the dollar," for the same work as men, there’s a movie for you. At the beginning of the new film, Nomadland , one of the characters tells Fern, the lead character played beautifully by Frances McDormand: "My social security check is $550. How am...
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People participate in a "March on Billionaires" event on July 17, 2020 in New York City. Views
Saturday, February 13, 2021
Taxes on the Rich: One-Sixth of What They Used to Be
America hasn’t stopped taxing its wealthiest citizens entirely. But that’s where we’re headed. According to a new IPS briefing paper , the richest .01 percent of Americans, about 33,000 lucky souls today, now pay just one-sixth of what they used to pay in tax, when measured as a percentage of their...
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