Forum
»
The Rich Kids That Want To Tear Down Capitalism
- Results 1 to 7 of 7
-
Page 1 of 1
11-30-2020, 03:11 AM
-
#1
- KRILLEN91
- Registered User
-
- KRILLEN91
- Registered User
- Join Date: Sep 2008
- Location: Darwin, NT, Australia
- Age: 34
- Posts: 5,261
- Rep Power: 2262
-
-
The Rich Kids That Want To Tear Down Capitalism
Their ancestors would be rolling in their graves LOL!
https://www.nytimes.com/2020/11/27/s...eneration.html
A socialist since college, Mr. Jacobs sees his family’s “extreme, plutocratic wealth” as both a moral and economic failure. He wants to put his inheritance toward ending capitalism, and by that he means using his money to undo systems that accumulate money for those at the top, and that have played a large role in widening economic and racial inequality. And that money, like all wealth in the United States, is extremely concentrated in the upper brackets. Mr. Jacobs, whose grandfather was a founder of Qualcomm, expects to receive up to $100 million over the course of his lifetime.
“I was always taught that this is just the way the world is, that my family has wealth while others don’t, and that because of that, I need to give some of it away, but not necessarily question why it was there,” said Rachel Gelman, a 30-year-old in Oakland, Calif., who describes her politics as “anticapitalist, anti-imperialist and abolitionist.”
Her family always gave generously to liberal causes and civil society groups. Ms. Gelman supports groups devoted to ending inequality, including the Movement for Black Lives, the National Day Laborer Organizing Network and Critical Resistance, a leading prison abolition group.
“My money is mostly stocks, which means it comes from underpaying and undervaluing working-class people, and that’s impossible to disconnect from the economic legacies of Indigenous genocide and slavery,” Ms. Gelman said. “Once I realized that, I couldn’t imagine doing anything with my wealth besides redistribute it to these communities.”
Pierce Delahunt, a 32-year-old “socialist, anarchist, Marxist, communist or all of the above,” has a trust fund that was financed by their former stepfather’s outlet mall empire. (Mx. Delahunt takes nongendered pronouns.)
“When I think about outlet malls, I think about intersectional oppression,” Mx. Delahunt said. There’s the originally Indigenous land each mall was built on, plus the low wages paid to retail and food service workers, who are disproportionately people of color, and the carbon emissions of manufacturing and transporting the goods. With that on their mind, Mx. Delahunt gives away $10,000 a month, divided between 50 small organizations, most of which have an anticapitalist mission and in some way tackle the externalities of discount shopping.
“The narrative of giving away everything feels like it’s being framed by white inheritors,” said Elizabeth Baldwin, a 34-year-old democratic socialist in Cambridge, Mass., who was adopted from India by a white family when she was a baby. Heirs in her position, she said, must decide whether to redistribute to their own communities or others’, and what it means to give up economic privilege when they don’t have the kind of safety net that comes with being white. She plans to keep enough of her inheritance to buy an apartment and raise a family, enjoying the sort of pleasant middle-class existence denied to many people of color in the United States.
Because her adoptive family’s wealth originated in land ownership and slavery, she donates to anti-racist groups and will soon begin making low-interest loans to Black-owned businesses. “The money I’m living on was made from exploiting people that look like me, so I see my giving as reparations,” she said.
https://www.nytimes.com/2020/11/27/s...eneration.html
A socialist since college, Mr. Jacobs sees his family’s “extreme, plutocratic wealth” as both a moral and economic failure. He wants to put his inheritance toward ending capitalism, and by that he means using his money to undo systems that accumulate money for those at the top, and that have played a large role in widening economic and racial inequality. And that money, like all wealth in the United States, is extremely concentrated in the upper brackets. Mr. Jacobs, whose grandfather was a founder of Qualcomm, expects to receive up to $100 million over the course of his lifetime.
“I was always taught that this is just the way the world is, that my family has wealth while others don’t, and that because of that, I need to give some of it away, but not necessarily question why it was there,” said Rachel Gelman, a 30-year-old in Oakland, Calif., who describes her politics as “anticapitalist, anti-imperialist and abolitionist.”
Her family always gave generously to liberal causes and civil society groups. Ms. Gelman supports groups devoted to ending inequality, including the Movement for Black Lives, the National Day Laborer Organizing Network and Critical Resistance, a leading prison abolition group.
“My money is mostly stocks, which means it comes from underpaying and undervaluing working-class people, and that’s impossible to disconnect from the economic legacies of Indigenous genocide and slavery,” Ms. Gelman said. “Once I realized that, I couldn’t imagine doing anything with my wealth besides redistribute it to these communities.”
Pierce Delahunt, a 32-year-old “socialist, anarchist, Marxist, communist or all of the above,” has a trust fund that was financed by their former stepfather’s outlet mall empire. (Mx. Delahunt takes nongendered pronouns.)
“When I think about outlet malls, I think about intersectional oppression,” Mx. Delahunt said. There’s the originally Indigenous land each mall was built on, plus the low wages paid to retail and food service workers, who are disproportionately people of color, and the carbon emissions of manufacturing and transporting the goods. With that on their mind, Mx. Delahunt gives away $10,000 a month, divided between 50 small organizations, most of which have an anticapitalist mission and in some way tackle the externalities of discount shopping.
“The narrative of giving away everything feels like it’s being framed by white inheritors,” said Elizabeth Baldwin, a 34-year-old democratic socialist in Cambridge, Mass., who was adopted from India by a white family when she was a baby. Heirs in her position, she said, must decide whether to redistribute to their own communities or others’, and what it means to give up economic privilege when they don’t have the kind of safety net that comes with being white. She plans to keep enough of her inheritance to buy an apartment and raise a family, enjoying the sort of pleasant middle-class existence denied to many people of color in the United States.
Because her adoptive family’s wealth originated in land ownership and slavery, she donates to anti-racist groups and will soon begin making low-interest loans to Black-owned businesses. “The money I’m living on was made from exploiting people that look like me, so I see my giving as reparations,” she said.
11-30-2020, 03:31 AM
-
#2
11-30-2020, 03:32 AM
-
#3
11-30-2020, 03:41 AM
-
#4
- phaginator
- Ayyy lmao
-
- phaginator
- Ayyy lmao
- Join Date: Apr 2013
- Posts: 36,761
- Rep Power: 122033
-
-
Typical champagne socialists.
11-30-2020, 04:18 AM
-
#5
- FrankCostanza
- Serenity Now!
-
- FrankCostanza
- Serenity Now!
- Join Date: Sep 2019
- Posts: 17,091
- Rep Power: 48469
-
-
if their wealth vanished they would off themselves.
I'm not here for rage. I'm here for revenge!
Anti Covid VAX Superhero
Mein power
Mein pleasure
Mein pain
Trump 2020
Trump 2024
11-30-2020, 04:22 AM
-
#6
- Sinan09400
- Registered User
-
- Sinan09400
- Registered User
- Join Date: Dec 2012
- Location: Türkiye, Turkey
- Posts: 23,647
- Rep Power: 73617
-
-
They must have real good relationship with their parents
11-30-2020, 04:23 AM
-
#7
- witcher3fan83
- Banned
-
- witcher3fan83
- Banned
- Join Date: Nov 2020
- Age: 56
- Posts: 738
- Rep Power: 0
-
-
I don't understand how people can be so low IQ.
Bookmarks
-
- Digg
-
- del.icio.us
-

- StumbleUpon
-
-
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts