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Podcast: Bribe, Swindle or Steal
Episode: Extreme Wealth – Episode 7: Chuck Collins and the Burdens of Dynastic Wealth
Description: In his mid-20s, Chuck Collins made a fateful choice. The great-grandson of Oscar Meyer, and thus an heir to part of the meatpacker's family fortune, Chuck was skeptical of the riches (some $500,000 in 1986 dollars). He didn't want to perpetuate the imbalances he saw dynastic wealth creating in society. Rather than live off the interest, or to give a portion to charity, Chuck gave away the entire inheritance, and thus embarked on a most unusual sort of normal life. In this episode, Chuck explains what reverberations his decision to give away his inheritance had on his family...