Chuck Collins

Boston, Guilford

Campaigner @IPS_DC, co-editor, https://t.co/Acd6QzYkgE, author of Altar to an Erupting Sun (May 2023), The Wealth Hoarders, Born on Third Base. Dad, cyclist, gardener.

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Articles

Dismantling the IRS only helps billionaire tax dodgers

1 week ago | lassennews.com | Chuck Collins

Starting this tax season, Trump and Musk’s IRS cuts will cost middle class taxpayers a lot more than they save. The Trump administration and Elon Musk’s DOGE have begun dismantling the Internal Revenue Service, beginning with 6,700 layoffs. Their stated plan is to cut half of the agency’s workforce. Their biggest cuts appear to be in the Large Business and International division, which audits wealthy individuals and companies with more than $10 million in assets.
Dismantling the IRS only helps billionaire tax dodgers

3 weeks ago | hammondstar.com | Chuck Collins

The Trump administration and Elon Musk’s DOGE have begun dismantling the Internal Revenue Service (IRS), beginning with 6,700 layoffs. Their stated plan is to cut half of the agency’s workforce. Their biggest cuts appear to be in the Large Business and International division, which audits wealthy individuals and companies with more than $10 million in assets. These are essentially the workers that make sure billionaires and corporations pay their taxes.
Easter weekend forecast

3 weeks ago | 25newsnow.com | Chuck Collins

Easter weekend forecastThe first part of the weekend will feature cloudy skies and occasional rain (especially south of I-74) Saturday. On Easter Sunday, we’ll see clusters of showers and thunderstorms in the morning, a break mid-day then showers and storms by evening and some of the storms could be severe. The pattern will be quieter next week, and highs will climb into the low 80s by Wednesday. Happy Easter!Published: Apr. 18, 2025 at 8:24 PM CDT|Updated: seconds agoShare on X (formerly Twitter)
Active weather on the way including possible severe thunderstorms

3 weeks ago | 25newsnow.com | Chuck Collins

Active weather on the way including possible severe thunderstormsShort term, it’ll be windy and warm Friday with highs approaching 80. A cold front will bring scattered showers and thunderstorms late Friday night into the wee hours of Saturday morning. Easter weekend looks wet with periods of rain Saturday and Sunday. The pattern starts drying out and warming up next week with highs in the 70s by Tuesday. Published: Apr. 17, 2025 at 3:34 PM CDT|Updated: seconds agoShare on X (formerly Twitter)
The best books about the dangers of billionaires

3 weeks ago | shepherd.com | Carl Rhodes |Ingrid Robeyns |Chuck Collins |Peter Goodman

Ingrid Robeyns opens her book provocatively. She poses the question: ‘Can a person be too rich?’ Her answer is ‘yes’! I value this book because it opens bold new ways of thinking about what can be done about inequality. Robeyns coined the term ‘limitarianism’ to explore how democratic societies might enforce specific caps on wealth. This limitarianism is, for Robeyns, a ‘regulative ideal’ that should inform government policy and regulation.
Tax time: Dismantling the IRS only helps billionaire tax dodgers

1 month ago | peoplesworld.org | Chuck Collins

Their biggest cuts appear to be in the Large Business and International division, which audits wealthy individuals and companies with more than $10 million in assets. These are essentially the workers who make sure billionaires and corporations pay their taxes. Musk and Trump claim to be sage businessmen, but it would be hard to find a business owner in America who would dismantle their accounts receivable department when their wealthiest clients still owe them money.
The Independent Report on DAFs

1 month ago | scheerpost.com | Chuck Collins |Helen Flannery |Dan Petegorsky |Bella DeVaan

By Chuck Collins, Helen Flannery, Dan Petegorsky, and Bella DeVaan / Inequality.orgThirty years ago, donor-advised funds (or DAFs) were relatively obscure giving vehicles housed in a small set of community foundations. Today, they’re central players in U.S. charitable giving — and have rocketed to dominance. DAFs now take in a sixth of all individual giving each year. And nine of the top 20 recipients of charitable gifts in the country — including the top three — are DAF sponsors.
The Independent Report on DAFs

1 month ago | inequality.org | Chuck Collins |Helen Flannery |Dan Petegorsky |Bella DeVaan

Our Charity Reform Initiative’s first annual Independent Report on DAFs demystifies donor-advised funds and their impacts on charitable giving, fair taxation, and our democracy itself. The DAF LandscapeDAFs are financial accounts managed by nonprofit organizations, which are called “sponsors.” Donors can give money to a personal DAF account and take an immediate tax deduction for that gift, since they’re technically giving to a public charity.
This Is What Oligarchy Looks Like

1 month ago | smirkingchimp.com | Chuck Collins

— from Inequality.org The ranks of global billionaires has grown by 247 in the past year, bringing up the total worldwide to 3,028, according to Forbes’ annual survey of the wealthy published April 1. The combined wealth of the nine-figure club is now $16.1 trillion, up $2 trillion from a year ago. There are 902 billionaires in the United States as of the newest survey, up from 813 in 2024.
This Is What Oligarchy Looks Like | Common Dreams

1 month ago | commondreams.org | Chuck Collins

The ranks of global billionaires has grown by 247 in the past year, bringing up the total worldwide to 3,028, according to Forbes’ annual survey of the wealthy published April 1. The combined wealth of the nine-figure club is now $16.1 trillion, up $2 trillion from a year ago. There are 902 billionaires in the United States as of the newest survey, up from 813 in 2024. However, the Forbes data release is dated March 7, 2025, and there has been significant market volatility since then.