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Austrian heiress giving away $36.6M because the government won't tax her inheritance (www.cbc.ca)

submitted 10 months ago by [email protected] to c/world

33 comments fedilink hide all child comments

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.

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[–] dezmd 0 points 10 months ago (1 children)

You distilled what I said to a simpleton sound bite dismissal so you didnt actually have to apply any thought to a discussion. I say you mind your own business if your aren't interested in discussion and just want to flag wave your assumptions with no substance.

Shes putting 36.6 mil towards having people talk about changing the world by asking other people to talk about changing the world. Its a fucking ridiculous disconnect, put the money directly towards vetting and supporting candidates without setting up a middle man poltical org that will siphon the funds away through the excessive bureaucracy required to run such an org. Thats why it feels off.

There are already orgs out there trying to do what she is proposing to do.

[–] nyctre 0 points 10 months ago

Because you haven't read the article. In both your replies you've said random stuff that don't appear in the article at all. You don't wanna discuss, you just want to complain.

She's not "putting 36 mil towards having people talk about changing the world by asking other people to talk about changing the world" And she's also not "setting up a middlean political org that will siphon the funds away"

And just for the sake of the "discussion", even if she were doing her own thing, you can't just dismiss what she's doing by saying that it's not going to work when the already existing orgs aren't really working out either.