The Democratic Socialists Sued for a $5.2 Million Inheritance and Won

Progressive policy ambitions meet practical realities as Americans weigh costs and consequences.

Source: Townhall
1 min read
Why This Matters

A dead professor's retirement account, $5. 2 million of it, ends up in the hands of the Democratic Socialists of America because a court decided DSA counts as the legal "successor" to a defunct 1970s outfit called the New American Movement. That's not a smoking gun of some grand conspiracy.

New Republican Times Editorial Board

The Democratic Socialists Sued for a $5.2 Million Inheritance and Won
Image via Townhall

This story is not getting enough coverage, but it proves that the Democratic Socialists of America (DSA) are motivated by two things: power and greed. A leftist professor at NYU left his $5.2 million retirement account to the New American Movement or "it's successor organization."

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How We See It

New Republican Times Editorial Board

A dead professor's retirement account, $5.2 million of it, ends up in the hands of the Democratic Socialists of America because a court decided DSA counts as the legal "successor" to a defunct 1970s outfit called the New American Movement. That's not a smoking gun of some grand conspiracy. It's just funny, in a dark way, that an organization built around denouncing inherited wealth and private capital just inherited a pile of private capital through a technicality about corporate lineage.

Nobody begrudges an old professor leaving his money wherever he wants. That's his right, full stop. What's worth noting is the gap between the rhetoric and the outcome. DSA spends its energy telling everyone else that accumulated wealth is illegitimate unless it's redistributed through the state, then turns around and lawyers up to secure a multimillion dollar windfall for itself through probate court, the most old-fashioned, capitalist mechanism imaginable: a will, a trust, an inheritance dispute.

There's a lesson here that has nothing to do with socialism specifically. Institutions, once they exist, start behaving like institutions. They protect their balance sheets, they hire counsel, they fight for money in front of judges just like any law firm or hedge fund would. DSA is not some scrappy volunteer collective anymore. It's an organization with enough infrastructure and enough motive to sue over a legal technicality tying it to a group that stopped existing decades before most of its current members were born.

We'd just ask the obvious question nobody in the coverage seems to be asking: what happens to $5.2 million inside an organization that has spent years arguing wealth like that shouldn't exist? Watch where it goes. That will tell you more about DSA's actual priorities than any platform statement ever will.

Commentary written with AI assistance by the New Republican Times Editorial Board.