THE GUARDIAN: Abigail Disney has parted with $72m – and thinks the rich need to pay far more tax. As Covid widens the inequality gap, she and an international league of the super-rich are urging governments to take their money
Abigail Disney has always been very, very rich, or, as she describes it, “too rich”. The money came with her name: she is the granddaughter of Roy Disney who, with his brother Walt, founded the Walt Disney Company in 1923. Disney, 61, refuses to say how much she has, but acknowledges she would have been a billionaire in her own right had she not realised in her 20s that it was her fortune that was making her miserable, and decided to start giving it away.
She has been donating to good causes ever since – $72m (£52m) and counting, mostly to groups helping women in prison, women living with HIV, and victims of domestic violence. But giving it away is no longer enough. She wants the tax collector to take more money, not only from her, but from “all of the absurdly rich people across the world”.
“We’ve long known that the world is hugely unequal,” says Disney. “But now the pandemic has really shown it to all of us, and no one in all conscience can continue to ignore it.” Disney is speaking over Zoom from a pristine white sofa in her San Francisco home. Today, she looks more hippy chic than heiress: her light-brown hair falls in long, gentle curls, and there is a discreet peace dove tattooed on the inside of her wrist.
“It is like when your kids have a bath, and you pull the plug out and slowly all the little toys at the bottom are revealed,” says Disney. “That is what has happened here: now we all know what is going on under the surface.” As well as killing more than 2.5 million people, the pandemic and global lockdown response has plunged some 150 million more into “extreme poverty”, according to the World Bank. The Washington-based institution described Covid-19 as “a heat-seeking missile speeding toward the most vulnerable in society”. » | Rupert Neate | Saturday, April 3, 2021
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