Austrian heiress giving away $36.6M because the government won't tax her inheritance
Marlene Engelhorn says that when she inherited her grandmother's multimillion-dollar fortune in 2022, she "wanted to be happy about it."
"And I couldn't be," the Austrian heiress told As It Happens host Nil Köksal. "I was angry instead … because I knew it was really unfair, and there was no reason for me to get this that I could really justify."
Engelhorn has long campaigned for greater taxes on the wealthy in Austria, including an inheritance tax. But since the government won't redistribute her wealth for her, she says she's asking the people do it.
Engelhorn is giving €25 million ($36.5 million Cdn) — which she says is the vast majority of her inheritance — to a committee of Austrian residents tasked with using it to fight wealth inequality.
"I am only wealthy because I was born in a rich family. And I think in a democratic society of the 21st century, birth should not be the one thing that determines whether or not you're gonna get to lead a very good life," Engelhorn said.
We will spare her when we eat the rich.
She's invited to the feast, even. As a dinner guest, not a course, I mean.
Place of honour, and she also gets to choose whichever cut of billionaire meat she wants.
Ick, suddenly vegan.
I imagine billionaire meat to be lean and tender since they've never worked a day in their life
We found her. We found the good multimillionaire.
Well, not for long. Soon she'll just be another good broke person.
Well, she says 25 million Euros is the "vast majority" of her inheritance. She might have 2-3 million left, leaving her technically still a multimillionaire.
Hopefully she can remain as principled as she is now and use it as a platform for change. Still though, better than pretty much any I've ever heard.
She is the one
There can only be one
No, no, actually the could be many of them. And that would be ok.
She gave her money to a group of people to support political causes related to taking money from millionaires. What a millionaire way to think they're making a difference by letting other people spend their extra money on politics.
Something just feels off with the sentiment. You can always voluntarily pay more in taxes so that the public services are funded. As it stands this moeny will get siphoned to the proverbial dice roll of politics that always has a taint of corruption.
Quietly give 25 mil to the government and nothing changes or put 25 mil towards making a positive change in the world...hmmm...hmmm...yeah, tough choice. I say you mind your own business and let her at least try and influence the world for the better.
Class traitors are necessary to bring about a state of communism.
This type of behaviour should be encouraged.
Class traitors are neccesary to keep capitalism working.
I like how you people that has access to internet and lives in countries that nourishes themself from the rest of the world think of yourself as part of the base of society. When the bells start ringing we are the second in line to be purged.
Imagine being this brainrotted.
Imagine not realizing even you might be one of the baddies.
Enlightenments, self awareness, public engagement, and compassion for others, does not make any of us exceptions when you zoom out far enough.
Food, internet, air conditioning. You might not be rich, but you are to someone.
The majority of the world has internet access, dumbass.
Imagine going from "Workers of the world unite!" to "Actually, YOU workers are too Western, you deserve the noose!"
Sorry, i didnt realize you came from the third world my apologies.
And here is a link with internet access around the world https://en.m.wikipedia.org/wiki/List_of_countries_by_number_of_Internet_users
Your link says that around 66% of the world population and around 60% of people in developing countries have internet access. That sounds like a majority to me? Maybe I'm misreading your tone but it sounds like you're disagreeing.
That just reenforces the need for betraying class.
People in those western countries have to find solidarity with the worker, whichever country they are in.
Although I don’t think having internet access and living in a capitalist country automatically makes you bourgeoise.
this nobles woman makes me communis loines moist
What does this gesture do to I pact the means of production and labor to push towards a state of communism?
She sounds like she has some good ethics. Good on her.
Not to flog a zombie’s salt on its tail, or two in the bush, but may I just say;
“This is the way”.
Good Girl Millionaire
This is the best summary I could come up with:
And I think in a democratic society of the 21st century, birth should not be the one thing that determines whether or not you're gonna get to lead a very good life," Engelhorn said.
Christoph Hofinger, Foresight's managing director, says they've sent letters to 10,000 Austrian residents over the age of 16, randomly selected from the country's population register, inviting them to join what they're calling the Guter Rat, or Good Council.
"We expect a few hundred returns or, due to the wide coverage of Guter Rat, perhaps even more than a thousand," Hofinger said in an email.
He says the Foresight Institute will whittle down the registrees to a group of 50 people who are representative of the country's demographics, including gender, age and income.
Her family also owned the pharmaceutical and medical diagnostic equipment company Boehringer Mannheim, which they sold for $11 billion US in 1997, according to the New York Times.
Until now, she's primarily spent her time doing advocacy work with groups like Millionaires for Humanity and Tax Me Now.
The original article contains 723 words, the summary contains 173 words. Saved 76%. I'm a bot and I'm open source!
Personally, I think it's more effective to set up a business that competes on price.
Good point. Give a man a free meal, he eats for a day.
Seed fund an industrial unit churning out basic healthy meals and employ an UberEats-type workforce of homeless/disadvantaged people to distribute the meals, all under a non-profit banner, and hundreds of the poorest of society can eat for $2-5 a day.