In 1986, at the age of 26, Chuck Collins, the great-grandson of meatpacking giant Oscar Mayer, gave away his trust fund. He was working on forming community land trusts for affordable housing and helping mobile-home residents pool their resources to buy their parks as cooperatives. Collins wanted to stand on the same economic ground as the people he was helping. So, much to the consternation of his parents, he gave away his fortune.
Chuck Collins discusses growing up in the 1%, his unusual approach to fighting economic inequality and what progressives need to do now.