Giant Blue Elephant unveiled on Am Hof 2, 1010 Vienna as a symbol of extreme wealth inequality in Austria
Join us on May 16th on Am Hof 2, 1010 Vienna, where we will reveal a giant Blue Elephant to call on governments to acknowledge 'the elephant in the room' - that taxing wealth is a solution to addressing inequality and funding the responses to the multiple crises the world faces today.
The Blue Elephant is an initiative of Millionaires for Humanity. It travels across Europe to highlight global inequality and the potential of a wealth tax to address inequality. The event on May 16th is a joint effort with Austrian-based Momentum Institute & German-based taxmenow.
Tuesday, May 16th 2023 from 10:00 to 12:00
The blue elephant will be displayed on Am Hof 2, 1010 Vienna on the 16th of May from 9:30 to 12:00. Speakers on the Podium will be Djaffar Shalchi from Millionaires for Humanity, Mattias Muckenhuber from Momentum Institute and Marlene Engelhorn from taxmenow.
The Elephant in the Room: How Rich is Rich Enough?
Join us for an evening dedicated to addressing the widening wealth gap. As COVID-19, energy crisis, and inflation take their toll, the richest 1% continue to benefit from tax legislation and market deregulation, holding almost 50% of the wealth. This puts Austria at the bottom of Europe’s wealth distribution table. Let’s come together to discuss and find solutions to this issue that affects us all. 7 out of 10 Austrians want wealth to be taxed, and 8 out of 10 agree politics should ensure fair distribution. Let’s make our voices heard and strive for a more equitable society.
This evening is a cooperation of Millionaires for humanity , Tax Me Now and the Momentum Institute
Tuesday, May 16th 2023 from 6:30 PM
Theater am Spittelberg 10 Spittelberggasse 1070 Vienna Austria
What our members say
Currently, there exists an unequal balance in power between the wealthy and the worker, decades of deregulation has led to unsustainable levels of wealth inequality. Wealth collects at the top of society and the notion of trickle-down economics has been proven incorrect. We must work together to bring a progressive tax system for wealth globally.
Antonis Schwarz - Germany
I inherited my fortune. As such I didn't do anything for it, I was simply lucky in the birth lottery. A wealth tax would do nothing to hurt me, whilst it would play a huge part in securing a more equal society here in Germany. Today, on International Labour Day, we are reminded that the current tax system is flawed - the average worker pays more proportional tax than a billionaire, therefore we advocate for a wealth tax.
Stefanie Bremer - Germany
The elephant in the room is that governments have it within their power to address all the multiple challenges we are facing by taxing us rich people. But they choose not to do so and tax low-income and middle-income workers instead. Placing the burden on ordinary workers is unjust and missing a golden opportunity to raise the billions we need to tackle the challenges we face
Djaffar Shalchi - Denmark
Solidarity concerns us all. Wealth distribution strikes at the heart of democracy. In order to secure the future and jobs for all, it is important to implement a fair tax policy. On International Labor Day, it's timely to remember that there's no such thing as a self-made millionaire. Millionaires only exist on the backs of the labor of others, and on the services and infrastructure paid for by taxes. That needs to be acknowledged, and wealth needs to be taxed.
Marlene Engelhorn - Austria
The elephant in the room refers to obvious problems or issues that decision makers avoid discussing or acknowledging. Using this metaphor as a feature, Millionaires for Humanity wil, together with our partners german-based taxmenow and Austria-based Momemtum Institute, install a huge inflated elephant to draw attention to the important issue of the ever-growing inequality of wealth distribution. For Millionaires for Humanity, the elephant in the room is wealth inequality, and the fact that introducing taxes on wealth for the world’s richest people could be enough to help fund a sustainable and fairer future for all of us.