Austrian millionaire asks 50 folks to redistribute her inheritance

Austrian millionaire asks 50 folks to redistribute her inheritance

2024-06-18 15:18:02

Austrian millionaire and activist Marlene Engelhorn depends on a collective of fifty folks to redistribute her property to varied organizations and associations.

The end result is no surprise, however the methodology is uncommon: Austrian millionaire Marlene Engelhorn, an activist for higher taxation of the wealthy, will redistribute her inheritance of 25 million euros to greater than 70 organizations chosen collectively by 50 residents.

Atmosphere, well being, combating inequality, asylum seekers… “The outcomes are as various because the Council itself”, concluded Alexandra Wang, head of the mission, at a press convention in Vienna on Tuesday. She harassed that the initiatives have a “widespread mission: to work in direction of a fairer society (…) and to help those that undergo discrimination”.

Round him, the members of this “Fee for Good Redistribution” spoke of “an thrilling problem”, a stupendous “democratic follow” primarily based on “consensus”, whereas the all-expenses-paid conferences lasted for six weeks from March to June within the metropolis of Salzburg. Fifty residents had been randomly chosen to affix the fee. The youngest, 17-year-old Kyrillos Gadalla, mentioned he had “discovered loads” from the contact with different generations, the oldest was already 85 years outdated.

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A complete of 77 organizations will obtain funding starting from 40,000 euros to 1.6 million euros, from Attac to varied assume tanks, together with associations for nature safety or help for the homeless. On Tuesday, Marlene Engelhorn was on everybody’s thoughts, however absent from the media and solely intervened at first of the method. “She trusts us and we have now full freedom to make our selections,” defined Angelika Taferner, one other member of the committee.

‘Tax me now’

The 32-year-old millionaire, a descendant of Friedrich Engelhorn, founding father of the German chemical big BASF, introduced in January that she was making a gift of 25 million euros, or 90% of her property, to denounce the “failure” of nations within the face of more and more seen inequalities. Like a whole bunch of American “patriotic millionaires”, the activist launched the “Tax Now” initiative within the German-speaking world. He took motion following his grandmother died in September 2022 and concocted this authentic resolution.

In a press launch, she welcomed the “redistribution of most of her funds in accordance with democratic values”. “I inherited a fortune and energy with out having accomplished something worthwhile, and the state does not even need me to pay inheritance tax,” she denounced at first of this yr. The previous German literature scholar was quickly disadvantaged of most of her assets and now has to consider employment for the primary time.

“I’m regarding to get out of this wealthy dynasty ghetto,” she mentioned, vowing she wouldn’t remorse her determination.

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