Marlene Engelhorn hadn’t given much thought to the wealth that surrounded her as she grew up. She always considered the fortune, inherited from Friedrich Engelhorn, the 19th-century founder of the German chemical giant BASF, to be her family’s money rather than hers.
Thank you for that information. The article is about a German / Austrian woman so I was summarizing the pros and cons of an inheritance tax which might apply to any country since I don’t know the specifics of their law or why they changed it it.
Fair enough. Apologies for using that to make a point about the US tax system. Typical American move, amirite?