Mar 20, 2024
The absolute state of things when the rich kids charity club has a better understanding of how class privilege relates to income than the majority of Tumblr users.
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The absolute state of things when the rich kids charity club has a better understanding of how class privilege relates to income than the majority of Tumblr users.
The nation's richest people never expected the real revolution would come from inside their own families.
It’s a Sunday in July, and this is the weekly status meeting of the Action Committee of the New York chapter of Resource Generation, an organization founded on the belief that young wealthy people should give away most or all of their inherited money or excess wealth. Or, in the group’s words, “As part of a coordinated strategy to systematically redistribute wealth and repair the harm created by wealth extraction, RG asks our members to take bold action with the resources currently under our and our families’ control, moving toward greater alignment with humanity and the planet.”
RG has 15 chapters across the country. It’s made up of wealthy individuals between 18 and 35 who are among the top 10 percent in wealth in the U.S., and its primary goal is to “redistribute all or almost all inherited wealth and/or excess wealth to social justice movements.” To help redistribute the power that goes with having money, RG recommends giving to organizations in which people in the target community (in other words, not just the donor), get to decide how it’s used.
The nation's richest people never expected the real revolution would come from inside their own families.
I found that article that people on Tumblr wasn’t sure was real. It’s about Resource Generation, “a multiracial membership community of young people (18-35) with wealth and/or class privilege committed to the equitable distribution of wealth, land, and power.“
Linktree. Make your link do more.
Children of privilege, like Abigail Disney, are taking a moral stand against inequality.
This summer in Martha’s Vineyard I read a lengthy piece in the New Yorker about Marc Andreessen of the illustrious Silic…
Making Money Make Change - Tax Justice
This post is part of a series of my reflections on my experiences at a retreat called Making Money Make Change. The purpose of the retreat: bringing together young people with wealth and privilege involved in social change.
Resource Generation has a Tax Justice division with active projects in a number of their regional chapters. The basic idea is to support address wealth inequality through taxes, even though the government is going to be doing horrible things with that money. The platform can be reviewed in the article “You Can’t Starve the Beast: Why We Fight for Higher Taxes on the Rich Even Though the U.S. Government Sucks." Although I can understand where they’re coming from on this, if we’re really going to get serious and talk about the viability of our government, I’d have to disagree. This is the “too-big-to-fail” argument utilized post-2008 for bank bailouts. As Nicolas Nassim Taleb points out in his book “Antifragile,” there is a precisely 100% chance that everything will fail eventually. Either we can choose when our government fails, or we can wait for it to happen - these are the only two possible answers. In other words, actually, we can starve the beast. The expression goes something like “the perfect is the enemy of the good.” I couldn’t agree more, and in this case I’m going to side with the perfect. Wealth inequality is a huge issue. But solving that issue with taxes props up a government that does more harm than good.