Wealth distribution through property taxation

Sleepy

the_syco wrote: »

The money would just get moved out of the country sooner, or put into trusts.

IMO, either you pay good accounts to hide your cash, or the taxman will take your cash. Trust funds, grandchildren pensions, etc. All legal ways of hiding the money from the taxman.

Just more people will look to hide it earlier if their money will go to the state after they die.

I agree. That's why I stipulated "given free reign", it was supposed to be indicative of closing the loopholes too but I probably should have stipulated that.

John Proud Outfielder wrote: »

This is hardcore levels of begrudgery on display here.

No such thing as a fair society, parents who can should give their children every advantage they can to get ahead of others, they children should benefit 100% and not “society”.

No, not begrudgery, my parents are likely to be leaving estates which will put myself and my siblings substantially over the thresholds if I'm perfectly honest. I won't like paying the tax but, hey, 70% of free money is still free money...

The problem with the view you're arguing in favour of i.e. families taking care of each other and "fuck society" is quite simple: it leads to ever increasing levels of inequality. You might not give a **** about that (and tbh, given the views you've posted on this forum in relation to expecting urbanites to subsidise your rural lifestyle in a house you plan to build with your parents financial support, it's rather what I'd expect from you).

Personally, I see structural inequality as a bad thing. No, the world will never be "fair". There will always be those who are more talented, harder working or simply lucky and they will end up with more. A society based on your "fuck everyone bar my kids" view doesn't allow talent or hard work to have their "fair" impact on one's outcomes in life: the levels of inequality rise with each generation into what the English call the "class system".

History tells us that what eventually happens when an inter-generational wealty elite forms and leaves no realistic room for social advancement: at best you'll end up with the likes of the socialist Labour government of the UK who'll tax the unearned wealth away from the elites, at worst? Ask the Russian Tzars or the French nobility of the 18th century..

Mad_maxx

Sleepy wrote: »

I agree. That's why I stipulated "given free reign", it was supposed to be indicative of closing the loopholes too but I probably should have stipulated that.



No, not begrudgery, my parents are likely to be leaving estates which will put myself and my siblings substantially over the thresholds if I'm perfectly honest. I won't like paying the tax but, hey, 70% of free money is still free money...

The problem with the view you're arguing in favour of i.e. families taking care of each other and "fuck society" is quite simple: it leads to ever increasing levels of inequality. You might not give a **** about that (and tbh, given the views you've posted on this forum in relation to expecting urbanites to subsidise your rural lifestyle in a house you plan to build with your parents financial support, it's rather what I'd expect from you).

Personally, I see structural inequality as a bad thing. No, the world will never be "fair". There will always be those who are more talented, harder working or simply lucky and they will end up with more. A society based on your "fuck everyone bar my kids" view doesn't allow talent or hard work to have their "fair" impact on one's outcomes in life: the levels of inequality rise with each generation into what the English call the "class system".

History tells us that what eventually happens when an inter-generational wealty elite forms and leaves no realistic room for social advancement: at best you'll end up with the likes of the socialist Labour government of the UK who'll tax the unearned wealth away from the elites, at worst? Ask the Russian Tzars or the French nobility of the 18th century..

Ireland doesn't have structural inequality problems or at least not anymore than the vast majority of western countries

AndrewJRenko

Mad_maxx wrote: »

Ireland doesn't have structural inequality problems or at least not anymore than the vast majority of western countries

Are you sure?
https://www.thejournal.ie/higher-education-income-1628957-Aug2014/

Ush1

AndrewJRenko wrote: »

There is no connection between paying income tax and taking an interest in where it goes. There are lots of people that pay lots of income tax and take no interest in where it goes. there are lots of people that pay little or no income tax who take great interest in where it goes.

I disagree. People care how much they are taxed, where the taxes go and how much they are taxed compared to others. Politicians wouldn't mention it otherwise.

AndrewJRenko

Ush1 wrote: »

I disagree. People care how much they are taxed, where the taxes go and how much they are taxed compared to others. Politicians wouldn't mention it otherwise.

Some do, some don't. People are strange, and often don't react or respond in the way that politicians and policy makers expect.