COLLINS: Yeah. I mean, we're seeing the Mars candy family in the fourth generation on the Forbes list, you know, the Koch brothers, the Koch family, the Waltons of Walmart, the Cox family. Happy New Year. You know, unlike a lot of these billionaires, she's not creating a kind of perpetual legacy foundation that's going to be around for generations, you know, where her great-grandchildren will be giving the money away still. You know, some have ridden the stock market. Why did you decide to do that? After we take a short break, we'll hear from Jeff Tweedy of the band Wilco. See details. Several of them have died. And I should say, the suggestion you're about to make is probably never going to happen in the near future. If you or a loved one falls into that age group, you can register at OurShot.in.gov. GROSS: So let me reintroduce you here. These are the questions after actor Adam Driver abruptly walked out of an interview with legendary “Fresh Air” radio host Terry Gross. ... told host Terry Gross. GROSS: Chuck Collins, thank you so much for coming on our show. One of the ways to pay for it is by taxing folks who've gotten a tremendous windfall in this moment. You know, we taxed the wealthy, and it was invested in infrastructure, access to education, help for first-time homebuyers - with a huge caveat, which is that it was racially exclusive. And that's the ultimate risk when you have great concentrations of wealth over generations. 572 Comments 1.6K Shares 818K Views. There are these dynastic American families, and they're very politically engaged. What's your response to that? Listen and learn. Listen • 36:05. In a way, she's - I think she's saying, come on, boys, let's go here, you know. You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. It's a new trend. You don't have to pledge to use it for a specific purpose. So they are seeing their fortunes accelerate during the pandemic. I mean, just for perspective, in 1983, there were only 18 billionaires in the United States. But that's a new thing. While millions of Americans have lost their jobs because of the pandemic, the combined wealth of just 10 billionaires has increased by more than $127 billion since the beginning of the pandemic. Terry Gross Combine an intelligent interviewer with a roster of guests that, according to the Chicago Tribune, would be prized by any talk-show host, and you're bound to get an interesting conversation. But what's striking is her response is in pitch to the times, you know? COLLINS: Yeah. GROSS: My guest has been Chuck Collins, director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits inequality.org. Conventional wisdom holds that Terry Gross, host of WHYY-produced NPR staple Fresh Air, is the best interviewer in the business. And if a family is four or five generations into seeing their wealth accelerate, then it starts to undermine kind of core American principles of, you know, mobility and, you know, work in exchange for wealth, and in the end, you know, you start to see now these dynastically wealthy families in the United States that use their wealth and power to rig the rules of the economy to get more wealth and power. Terry Gross | Posted on June 17, 2020, 7:42 PM A server wears a protective face mask while attending to customers amid the COVID-19 pandemic in Bethesda, Md., on June 12. That’s because six women — out of around … And this most recent 4.2 billion is mostly going to what we could call the works of mercy - you know, food banks and shelters and YWCAs and groups that are sort of on the front lines of helping people right now. And it is very difficult. COLLINS: I think it's important to talk about it even if our captured political system isn't capable of it. You know, 657 billionaires have seen their combined wealth go up a trillion since mid-March. COLLINS: Yeah. This is an urgent moment. I really wanted to make it on my own. WUSF is reporting on how distribution of the COVID-19 vaccine exposes inequities in Florida’s health care system. GROSS: Meanwhile, MacKenzie Scott, who used to be married to Jeff Bezos, gave away $6 billion in gifts to hundreds of organizations this year alone. You know, the meatpacking industry, which is something our family knows something about, is a side-by-side worker, elbow-to-elbow industry. And really, since the late '70s, inequality has grown. GROSS: If you're just joining us, my guest is Max Brooks. What would your intention be if you had your way, which you don't? You know, you have a group of 650 people whose wealth has gone up a trillion dollars since mid-March. Published December 23, 2020 at 1:21 PM EST. She's moving the money directly to charities. And I got a lesson in this when I was in my 30s because there was a whole movement to abolish the inheritance tax, the U.S. estate tax. There's actually a network called the Patriotic Millionaires, which is a couple hundred, you know, high-net-worth business leaders and millionaires and billionaires who are actually publicly lobbying for fair tax policies to eliminate these kind of hidden wealth systems because they understand on some level that extreme inequality is undermining the whole society. That's the idea. Fresh Air interviews, though, are in a category by themselves, distinguished by the unique approach of host and executive producer Terry Gross. Let's get back to my interview with Chuck Collins, who's been writing about how the pandemic has widened the gap between the super rich and everyone else. GROSS: Another thing she's doing is giving away this money with no strings attached. Who are they? GROSS: Did you save a financial cushion for yourself? So - and I don't consider that a good economic indicator. I'm Terry Gross, and this is FRESH AIR. TERRY GROSS, HOST: This is FRESH AIR. Andrew Weissmann, a lead prosecutor from the Mueller investigation, shares his frustrations with the probe and its report on Russian interference in the 2016 election. GROSS: If you had your way, you'd want to institute an emergency pandemic wealth tax on billionaires. He's the director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits inequality.org. Collins is the great-grandson of Oscar Mayer, the founder of the meatpacking company famous for its hot dogs, the Oscar Mayer wiener, and the Wienermobile. These vaccines build on … It might be just what's most fundable. But, you know, I've kind of been focused on not depending on something that happened generations ago. Terry Gross. During the coronavirus pandemic, Fauci told Gross, the protests he faced were opposite in nature. COLLINS: Amazon, by its own admission, has had over 20,000 employees infected with COVID. WUSF and Health News Florida are answering your questions. She's enlisted a lot of advisers who are not wealthy, who understand the issues in underrepresented communities, communities of color. Indiana Expands Vaccine Registration To Hoosiers 70 And Older. You can - I think she's been saying, use your judgment. Occasionally I would notice that there was the city of Detroit there with this incredible racial and economic divide. In a sit-down with NPR ‘s Terry Gross for the Fresh Air podcast, Dr. Fauci talked in-depth about his handling of both HIV and the coronavirus during his … Her first wave of giving was primarily to racial justice groups. Fresh Air with Terry Gross has received a number of awards, including the prestigious Peabody Award in 1994 for its "probing questions, revelatory interviews and unusual insight." TERRY GROSS, HOST: This is FRESH AIR. COLLINS: Absolutely. I think it's a troubling sign that too much of society's wealth and income is flowing upwards to that small group of people. I mean, in a way, the tax system of the post-war - post-World War II era helped fund a shared prosperity economy. Well, not in person, anyway. I'm Terry Gross. And then I got this job in my 20s helping tenants who were facing eviction, trying to buy their buildings or mobile home parks and own them as residents. Adam Driver actually walked out on Terry Gross, NPR’s beloved talk show host, over ‘Marriage Story’ clip Walking out on an interview is almost never a good look, and Driver … On Mar. Now, during this pandemic, I think it's even more complicated because the wealthy have socially distanced, economically distanced even more, so that gap, that understanding, that proximateness that's required to have empathetic society is kind of eroded by the fact that people are not in connection right now. Elon Musk seen his wealth go up almost 500%, 120 billion. Michael Osterholm hasn’t seen his grandchildren since March 10. He has a new book about songwriting and his approach to writing songs. This is FRESH AIR. Journalist Stephen Kinzer reveals how the CIA worked in the 1950s and early '60s to develop mind control drugs and deadly toxins that could be used against enemies. Terry Gross Combine an intelligent interviewer with a roster of guests that, according to the Chicago Tribune, would be prized by any talk-show host, and you're bound to get an interesting conversation. I wish you a healthy 2021 and a year better than this year has been. And since the '80s, tax policy has kind of - we've seen massive reductions in taxes paid by the super wealthy, the wealthiest segments, to the point where last year, billionaires paid an effective tax rate, you know, lower than middle-income workers. (From PBS NewsHour) 8.2K8.2K. I'm Terry Gross, and this is FRESH AIR. And do you think those companies could have done more to protect them? And it's impossible to do kind of social distancing and proper protection. And she's done it in a very low-key way. COLLINS: You know, I grew up in a sort of a Catholic worker, Dorothy Day culture, and I just felt like the wealth was almost a spiritual barrier to making my own way. Hoosiers 70 and older can now register for appointments to receive a COVID-19 vaccine. What is her approach to giving away parts of her fortune? , November 20, 2020. Tyson Foods also has had, you know, over 11,000 employees infected. We'll talk more after a break. America Women in Radio and Television presented Gross with a Gracie Award in 1999 in the category of National Network Radio Personality. NPR’s Fresh Air host Terry Gross interviewed epidemiologist Michael Osterholm about his latest research and insights on the COVID-19 pandemic. I'm Terry Gross. She hasn't created this vast, you know, infrastructure. Fresh Air with Terry Gross has received a number of awards, including the prestigious Peabody Award in 1994 for its "probing questions, revelatory interviews and unusual insight." And she's stepping up in a way that, I think, embarrassing to the other billionaires who are sitting on their vast treasure during this pandemic. Live Radio - News Information & All Night Jazz, Lawmakers Weigh Changes In Program For Injured Infants, Legislature's Major Health Budget Issues Remain In Limbo, Palm Beach County To Close Mass Vaccination Sites, Florida Reports 67 More Deaths From COVID-19 Complications. Short of giving hazard pay to Amazon workers - which is the source of her wealth, which I think she still should do - she's made a bold move to do direct-giving and really doing it in a way that a lot of - you know, many of these billionaires have foundations with, you know, thousands of staff, hundreds of staff who are part of the decision-making process. GROSS: So some of the companies that have had their, you know, wealth increased vastly during the pandemic are providing services so many people are using, like Amazon and Instacart, helping people get what they need without having to go to stores where they could be exposed to the virus. It's a pleasure to have you on our show. And so I just couldn't live with that contradiction. Terry Gross; A lab technician sorts blood samples for a COVID-19 vaccination study at the Research Centers of America in Hollywood, Fla., on Aug. 13. Now Amazon has hired, you know, 350,000 new workers. And then I later worked in a refugee camp in El Salvador, which kind of gave me a window into the global inequality. And it would be like, oh, your wealth just increased 25% through no sweat of your own. ... Colicchio told Gross. GROSS: Are you finding that there's a culture of people who are wealthy who want to do good things with their money and who want to have progressive tax policies, people who, perhaps, you're working with? Here , she talks at The New Yorker Festival about finding her voice. His new book is an inside look at the 22-month investigation. NPR’s sites use cookies, similar tracking and storage technologies, and information about the device you use to access our sites (together, “cookies”) to enhance your viewing, listening and user experience, personalize content, personalize messages from NPR’s sponsors, provide social media features, and analyze NPR’s traffic. Now, in retrospect - so the answer is no, I didn't maintain the large reserve - any reserve. If you remember, at the beginning of the pandemic, there was a much broader societal recognition of the role of essential, front line workers, that they should be paid better, that they should have access to health care and paid family leave and hazard pay. And there's a guy, Dan Gilbert, who's the Quicken Loans founder, CEO, his wealth has gone up 600% - almost 38 billion. And there's one centibillionaire in France. And I got very immersed in a lot of people's personal financial information. Since 1987, a daily, one-hour national edition of Fresh Air has been produced by WHYY-FM. Exploring the high costs of the pandemic for children and young adults. And she's - I think we're going to see billions more moving in the next couple years. "A remarkable blend of empathy and warmth, genuine curiosity and sharp intelligence," says the San Francisco Chronicle. I just couldn't come up with a theory or justification for the gap between my good fortune and the circumstances of these people. TERRY GROSS, HOST: This is FRESH AIR. If you're just joining us, my guest is Chuck Collins. ... COVID … People might remember the Wienermobile, which was like a hot dog on wheels - a huge hot dog on wheels that would travel around. And that's one of the things I think we've been trying to point out in our reports is that these companies are benefiting from having their competition effectively shut down during the pandemic. You've been working against economic inequality for most of your adult life. COLLINS: Well, I think in my 20s, I had kind of a revelation, which was, you know, I'd been, like a lot of wealthy people, raised in a bubble - suburban Bloomfield Hills, Mich. But is the money that the companies are making being reflected in the pay or the protection of the workers who are making these services possible? We should - it should be shirtsleeves to shirtsleeves in three generations. This is FRESH AIR. And the whole group of U.S. billionaires now has a combined wealth of 4 trillion, which is double the wealth of the bottom half of all U.S. households, you know, in the United States. But they're not really sharing those enormous gains with their workforce. COLLINS: Wishing you and everyone else the same. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. And it was around when I was 25 or 26. That was in October. … South Dakota recorded 133 new COVID-19 infections in Monday’s daily update from the Department of Health. And they use their power to give to political candidates, to think tanks and other groups to advocate for an agenda of low taxation. Collins is the director of the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits inequality.org. We'll be back after we take a short break. GROSS: Who are the billionaires who made the most money since the start of the pandemic? So I had this bizarre, intimate front row seat in the 1980s to how wages were going down for a lot of people and wealth was rising for people like me. In that sense, it's no surprise that they're doing really well during the pandemic. But it was a model for how we could have, you know, an economic policy that was about broadening middle class wealth and opportunity. He's the author of the forthcoming book, "The Wealth Hoarders: How Billionaires Pay Millions To Hide Trillions." GROSS: So do you have any idea of how many workers at Amazon or Instacart or Tyson Foods have gotten COVID or have died from COVID? Want to learn more about the vaccine? While millions of Americans have lost their … Combine an intelligent interviewer with a roster of guests that, according to the Chicago Tribune, would be prized by any talk-show host, and you're bound to get an interesting conversation. He became a medical celebrity during the press briefings from President Trump's coronavirus task force, which Dr. Fauci served on. And that's another industry where - the Tyson family members have seen their wealth go up, you know, half a billion dollars in a couple months. The Pfizer and Moderna COVID vaccines are the first vaccines to be activated by mRNA. . Terry Gross (born February 14, 1951) is the host and co-executive producer of Fresh Air, an interview-based radio show produced by WHYY-FM in Philadelphia and distributed nationally by NPR.Since joining NPR in 1975, Gross has interviewed thousands of guests. So there's just more Amazon could do. That's scheduled for publication in March. And his new novel, which is scheduled for publication in May, is called "Devolution." The new coronavirus vaccines are giving us hope that we can get the virus under control. That book is scheduled for publication in March. My guest, Chuck Collins, has been writing about that and how the pandemic has increased income inequality in the U.S. Economic inequality has been his subject since he was 26 and gave away his inheritance. But basically she's communicating that I trust you to do the right thing with this money. Apparently, the incident happened earlier this month. (SOUNDBITE OF DAVE MCKENNA'S "IT CAME UPON A MIDNIGHT CLEAR") Transcript provided by NPR, Copyright NPR. But others have just seen - they've kind of delinked from the amount of wealth they had before. So it's a surge of wealth for some. But some of these billionaires have just seen their wealth surge, you know, in the double digits or much higher than the market itself. I think it's a commonsense idea. If you’re in need of assistance, you can call 211 or one of Indiana’s Area Agencies on Aging. GROSS: This is FRESH AIR. The stock market has been steadily going up as well. So they're essentially sending their workers into kind of the viral line of fire while the owners are reaping enormous rewards in kind of a, you know, unprecedented circumstance. (SOUNDBITE OF CHRIS THILE AND BRAD MEHLDAU'S "INDEPENDENCE DAY") GROSS: This is FRESH AIR. By Terry Gross • Mar 24, 2020 A reporter wearing a latex glove raises his hand to ask President Trump a question during a coronavirus briefing at the White House on March 16. “You know, I see them on FaceTime,” the infectious disease expert recently told Fresh … And I'm not going to try to control it. I'm Terry Gross. But she has no strings attached. Terry Gross Dr. Fauci On Vaccinations And Biden's 'Refreshing' Approach To COVID-19 ... On the misleading idea that a good way to conquer COVID-19 might be to … I'm Terry Gross. And they can afford to spend more to protect their workers, their front line workers. Now, as he attempted to do exactly that, the protesters just wanted him to leave them alone. Those billionaires include the principal owners of Amazon, Instacart, Walmart and Tyson Foods. I mean, we - you know, Jeff Bezos was the first centibillionaire, maybe, in 2017. So it's not just about wealth. COLLINS: Yeah. Five years later, you decided to give it away. Fresh Air interviews, though, are in a category by themselves, distinguished by the unique approach of host and executive producer Terry Gross. I'm Terry Gross. I just couldn't - all the, sort of, stories of deservedness and meritocracy and we're from a virtuous family - all that kind of rang not true. Your great-grandfather was Oscar Mayer of the meatpacking company, famous for its hot dogs, the Oscar Mayer Wiener. COLLINS: Well, they are the the top four in the U.S., Jeff Bezos, Elon Musk, Bill Gates, Mark Zuckerberg. Don't touch the corpus of assets because we're all just passing through, and if you're from a kind of dynastically wealthy family, your responsibility is to keep passing the wealth on so that the next generation - you know, my view is we shouldn't have dynastically wealthy families in the United States, you know? Originally broadcast Sept. 9, 2019. Share. COLLINS: No. This is one of a series of articles in which reporters from WHYY’s Health Desk Help Desk answer questions about vaccines and COVID-19 submitted by you, our audience.. Last week, the Food and Drug Administration and the Centers for Disease Control and Prevention recommended a pause in the distribution of Johnson & Johnson’s single-dose shot. GROSS: Jeff Bezos is a centibillionaire, which means he has over $100 billion. GROSS: I know that some people told you that you were being selfish in giving away your money because you were depriving the next generation of your family from inheriting the money that you inherited and inheriting those advantages that you inherited. He directs the Program on Inequality and the Common Good at the Institute for Policy Studies, where he co-edits inequality.org. Often when you get a grant, it's for a very specific purpose, and that purpose might not be what your organization most needs to survive. You can adjust your cookie choices in those tools at any time. Tom Colicchio has become a de facto spokesman for the restaurant world in the wake of COVID-19. Jeff Bezos has seen his wealth go up about 74 billion, an increase of 65%. That, I later realized, was ridiculous, that I had so much other forms of advantage, you know, growing up white and male and multigenerational sort of security and financial training and literacy and 101 other advantages that had helped propel me along so the money being just one of them. And now there are 657 today. I didn't really want to be the beneficiary anymore of a system where some people were inheriting vast amounts of wealth and others were just struggling to survive. So we've seen taxes go down for the most wealthy people in society. His books include "Born On Third Base: A One Percenter Makes The Case For Tackling Inequality, Bringing Wealth Home, And Committing To The Common Good" and the forthcoming "The Wealth Hoarders: How Billionaires Pay Millions To Hide Trillions." But there are plenty of wealthy people I talk to every day who are saying, how can we reverse these extreme inequalities, rebuild some kind of social safety net and not keep going down this road toward economic Jenga and precariousness? Chuck Collins, welcome to FRESH AIR. GROSS: You have some recommendations for what the leaders of these companies could be doing to help protect their workers and acknowledge the risk that they're taking in providing the services that they provide. And this is my first couple of big donations. GROSS: I've heard you make an interesting comparison between the tax laws of the 1950s and the programs of the 1950s that help bring people into the middle class compared to the tax system that we have now. And then I would come home, and I would open up a statement - a financial statement - about my own wealth. While millions of Americans have lost their jobs because of the pandemic, the combined wealth of … I mean, four billionaires - Jeff Bezos, Elon Musk, Bill Gates, Mark Zuckerberg - now have a net worth of about 550 billion combined. I'm Terry Gross. By Terry Gross • 1 hour ago The COVID-19 pandemic has left many American families without child care and in-person schooling. I'm Terry Gross. It's undermining the quality of life for everybody, including the very wealthy. Fresh Air interviews, though, are in a category by themselves, distinguished by the unique approach of host and executive producer Terry Gross. And they're seeing their own - you know, we're thankful that some of them are in business and able to provide, you know, online retail services and food delivery. Several other people became centibillionaires during the course of the pandemic. 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