August 22, 2019

Rich Kids Are Saying No to Wealth Inequality

“This country is rigged in favor of making the very wealthy even wealthier. That’s what Democrats keep saying on the 2020 campaign trail. And it’s what some of the people who have reaped the rewards of this rigged system think too. Abigail Disney, granddaughter of Roy Disney, is one recent high-profile example. On Tuesday, she called out the “naked indecency” of the $65 million in compensation that goes to Disney’s chief executive, Bob Iger. That figure, she noted, is “1,424 times the median pay of a Disney worker.”

A growing number of privileged young people, a generation younger than Ms. Disney, are also questioning the morality of their advantages and the social arrangements that produce them. Many are involved with Resource Generation, an organization for people under 35 who are in the top 10 percent through their own or their family’s income and wealth.

These “class traitors” reject the “lie of meritocracy,” as Yahya Alazrak, a staff member of the organization, called it, adding that they are “fundamentally challenging this very core belief that our culture in the United States is built on, that people deserve all of the money that they have,” whether it comes from their work or that of their family members. Instead, these beneficiaries of the system want to change it.”

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