“The need to tax rich people like me has never been so dire,” Abigail Disney wrote in a 2024 titled, “World leaders have a chance to raise taxes for rich people like me. I’m begging them to take it,” published by the Guardian. “Extreme wealth concentration in the hands of a few oligarchs is a threat to democracy the world over.”
Disney was also behind a 2019 signed by financier George Soros and Facebook cofounder Chris Hughes calling for a “moderate wealth tax on the fortunes of the richest one-tenth of the richest 1% of Americans—on us.”
The Disney heiress and in 1991 also founded the , a New York City–based nonprofit that invests funds for causes like fighting poverty, violence, and discrimination. The organization had about $70 million as of 2019.
Although Disney has she’d given away about a third of her net worth, it came “back to me as quickly as I’ve given it away,” referencing how investments can grow wealth.
“By just sitting on your hands, you become more of a billionaire until you’re a double billionaire,” Disney told the Guardian. “It’s a strange way to live when you have objectively more money than a person can spend.”
Disney was also behind a 2019 signed by financier George Soros and Facebook cofounder Chris Hughes calling for a “moderate wealth tax on the fortunes of the richest one-tenth of the richest 1% of Americans—on us.”
The Disney heiress and in 1991 also founded the , a New York City–based nonprofit that invests funds for causes like fighting poverty, violence, and discrimination. The organization had about $70 million as of 2019.
Although Disney has she’d given away about a third of her net worth, it came “back to me as quickly as I’ve given it away,” referencing how investments can grow wealth.
“By just sitting on your hands, you become more of a billionaire until you’re a double billionaire,” Disney told the Guardian. “It’s a strange way to live when you have objectively more money than a person can spend.”