The rich kids who want to tear down capitalism

Heirs whose wealth has come from a specific source sometimes use that history to guide their giving. 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.

If money is power, then true wealth redistribution also means redistributing authority. Margi Dashevsky, who is 33 and lives in Alaska, gets guidance on her charitable giving from an advisory team of three women activists from Indigenous and Black power movements. “The happenstance of me being born into this wealth doesn’t mean I’m somehow omniscient about how it should be used,” she said. “It actually gives me a lot of blind spots.”