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.
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.