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Wealth distribution through property taxation

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    #152
    Boredstiff666
    Closed Accounts Posts: 1,030 ✭✭✭Boredstiff666


    holyhead wrote: »
    In a capitalist society there will always be wealth inequality and over time that has gotten worse.

    Yeah I see what you mean.

    The Soviet Union, Cuba and Venezuela are shining examples of what you propose.

    No poor people there and no rich people either..........:eek::eek::eek::eek::eek::eek::cool:


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    #153
    holyhead
    Closed Accounts Posts: 1,249 ✭✭✭holyhead


    Boredstiff666 wrote: »
    Yeah I see what you mean.

    The Soviet Union, Cuba and Venezuela are shining examples of what you propose.

    No poor people there and no rich people either..........:eek::eek::eek::eek::eek::eek::cool:

    Please tell me what I proposed?


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    #154
    Boredstiff666
    Closed Accounts Posts: 1,030 ✭✭✭Boredstiff666


    Well in all my years i have only ever heard of Capitalism, socialism and communism. The last two being the same but they cant agree with each other so just hate capitalists.

    you have something new I am all ears and seated.........work away.


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    #155
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    anewme wrote: »
    This does not suit your narrative that people can pass on hundreds of thousands to the next generation.

    If you were going to be doubley taxed on your after tax life earnings after almost 50 years of hard work with the exception of 60k, you'd not be best pleased.

    I dont have to explain my personal circumstances to anyone.
    I really wont give a toss to be completely honest about it.
    If I am in the privillaged position where I can pass a few hundred K on to my kids I will be delighted.

    My narrative is that ineritance/CGT tax is a fair and equitable taxation sceme. It's got nothing to do with your own personal circumstances. I simply make the point if you want to be able to pass on a few hundred K to the next generation tax free, you need to have a next generation of kids to pass it onto.

    People can pass on hundreds of thousands and millions and millions to the next generation. Fairly straightforward once you have that kinda cash to pass on.
    Revenue dont stop anyone from leaving money or gifting money to others.


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    #156
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    Boredstiff666 wrote: »
    Why should we have to do what others say we should? The government don't own us.

    Move somewhere else if you don't like the rules.


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    #157
    holyhead
    Closed Accounts Posts: 1,249 ✭✭✭holyhead


    kippy wrote: »
    I really wont give a toss to be completely honest about it.
    If I am in the privillaged position where I can pass a few hundred K on to my kids I will be delighted.

    My narrative is that ineritance/CGT tax is a fair and equitable taxation sceme. It's got nothing to do with your own personal circumstances. I simply make the point if you want to be able to pass on a few hundred K to the next generation tax free, you need to have a next generation of kids to pass it onto.

    People can pass on hundreds of thousands and millions and millions to the next generation. Fairly straightforward once you have that kinda cash to pass on.
    Revenue dont stop anyone from leaving money or gifting money to others.

    It is true revenue don't physically stop anyone from leaving money or gifting to others but they do take their pound of flesh on money that was already taxed when the deceased was alive.


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    #158
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    Boredstiff666 wrote: »
    Yes why?

    What party/group most closely align with "fixing the system"?


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    #159
    Boredstiff666
    Closed Accounts Posts: 1,030 ✭✭✭Boredstiff666


    kippy wrote: »
    Move somewhere else if you don't like the rules.


    Thank you.


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    #160
    Cyrus
    Registered Users Posts: 19,863 ✭✭✭✭Cyrus


    Sheeps wrote: »
    Nobody in this thread pays 52% tax. That's completely made up.

    Who said they did ?

    A lot of people referenced 52 percent on each incremental euro they earn


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    #161
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    holyhead wrote: »
    It is true revenue don't physically stop anyone from leaving money or gifting to others but they do take their pound of flesh on money that was already taxed when the deceased was alive.

    And rightly so. It's a fair system.

    I don't think people understand taxation at all.

    Money gets taxed at multiple stages, simply saying, I already paid tax on that, it shouldnt be taxed again is absolute nonsense as I and others have shown.


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    #162
    Boredstiff666
    Closed Accounts Posts: 1,030 ✭✭✭Boredstiff666


    kippy wrote: »
    What party/group most closely align with "fixing the system"?

    In Ireland none because they are all the same and look after themselves. There needs to be new political parties in Ireland to shake them up but that aint gonna happen while everbody outside the cities votes for the fella who 'fixed the road' or 'got the water.'


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    #163
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    Boredstiff666 wrote: »
    Thank you.

    Well it's as simple as that really. Moaning on boards aint gonna change anything.


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    #164
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    Boredstiff666 wrote: »
    In Ireland none because they are all the same and look after themselves. There needs to be new political parties in Ireland to shake them up but that aint gonna happen while everbody outside the cities votes for the fella who 'fixed the road' or 'got the water.'

    So it's rural communities that are to blame?

    Absolute nonsense.


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    #165
    holyhead
    Closed Accounts Posts: 1,249 ✭✭✭holyhead


    It doesn't help when you see how poorly taxes are spent. Printers, e voting machines, waiting lists for basic housing, people on trollies, people having to fund raise to help a sick child get treatment, or a hospital get equipment, and the cost of old folks care spring to mind. I get that you can always find an excuse to find inheritance tax unfair but given the chronically poor way the country is run such hard feelings in this case are justified.


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    #166
    Boredstiff666
    Closed Accounts Posts: 1,030 ✭✭✭Boredstiff666


    kippy wrote: »
    Well it's as simple as that really. Moaning on boards aint gonna change anything.

    Sorry I have just over a hundred posts to your 13 thousand.........somebodies been doing a lot more moaning than me.


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    #167
    anewme
    Registered Users Posts: 11,902 ✭✭✭✭anewme


    kippy wrote: »
    I really wont give a toss to be completely honest about it.
    If I am in the privillaged position where I can pass a few hundred K on to my kids I will be delighted.

    My narrative is that ineritance/CGT tax is a fair and equitable taxation sceme. It's got nothing to do with your own personal circumstances. I simply make the point if you want to be able to pass on a few hundred K to the next generation tax free, you need to have a next generation of kids to pass it onto.

    People can pass on hundreds of thousands and millions and millions to the next generation. Fairly straightforward once you have that kinda cash to pass on.
    Revenue dont stop anyone from leaving money or gifting money to others.

    And my narrative is that inheritance/CGT is not fair and equitable.

    A persons priority in life is to provide a roof over their own head out of their after tax income, yet the Revenue fleece people who endeavour to provide themselves with a home, while the Govt provide freeloaders with their forever home FOC.


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    #168
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    Boredstiff666 wrote: »
    Sorry I have just over a hundred posts to your 13 thousand.........somebodies been doing a lot more moaning than me.

    You suggest every one of my 13K odd posts is a moan about living in Ireland - granted a lot are, but I am not the one suggesting "the government don't own us" - you want to live here - you live by the rules.


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    #169
    holyhead
    Closed Accounts Posts: 1,249 ✭✭✭holyhead


    kippy wrote: »
    And rightly so. It's a fair system.

    I don't think people understand taxation at all.

    Money gets taxed at multiple stages, simply saying, I already paid tax on that, it shouldnt be taxed again is absolute nonsense as I and others have shown.

    Nothing you show me or claim to show will ever make inheritance tax justifiable. I accept you think it's fair and I don't and we are both entitled to hold differing opinions.


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    #170
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    anewme wrote: »
    And my narrative is that inheritance/CGT is not fair and equitable.

    A persons priority in life is to provide a roof over their own head out of their after tax income, yet the Revenue fleece people who endeavour to provide themselves with a home, while the Govt provide freeloaders with their forever home FOC.

    Again, things are nowhere near as black and white as that and to portray that they are suggests you have very little grasp of the world around you or your place in it.


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    #171
    holyhead
    Closed Accounts Posts: 1,249 ✭✭✭holyhead


    anewme wrote: »
    And my narrative is that inheritance/CGT is not fair and equitable.

    A persons priority in life is to provide a roof over their own head out of their after tax income, yet the Revenue fleece people who endeavour to provide themselves with a home, while the Govt provide freeloaders with their forever home FOC.

    Do people in council houses pay a rent albeit well below market rate?


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    #172
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    holyhead wrote: »
    Nothing you show me or claim to show will ever make inheritance tax justifiable. I accept you think it's fair and I don't and we are both entitled to hold differing opinions.
    I don't disagree.
    My outlook on life, particularily when it comes to income/finances is fairly simple.

    I really wish I were paying a few hundred K a year in tax, and wish that I would be concerned about leaving a million each to my kids as their tax bill would be in the hundreds of K. Those are problems I'd love to have.


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    #173
    pwurple
    Closed Accounts Posts: 12,449 ✭✭✭✭pwurple


    listermint wrote: »
    Your right. It's always the threat used by wealthy people who leech off whatever particular country they are in at a given time. It's as old as time.

    Il take my ball home if I can't be the striker...

    It’s just realism. (Or economics for beginners)

    Introduce barriers to keeping money in the country and out it hemorrhages. Money flows like a river. Put a big rock in its way and it will find a way around it.

    Of ALL places, with our teeny weeny corporation tax, have we not learned this lesson?

    Any eejit thinking Ireland is operating in a financial vacuum will bankrupt us.


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    #174
    anewme
    Registered Users Posts: 11,902 ✭✭✭✭anewme


    holyhead wrote: »
    Do people in council houses pay a rent albeit well below market rate?

    Well just as an example, Margaret Cash takes home 49k net and has never worked a day in her life.

    Not sure what rent she pays.

    I don't take home 49k and out of that ive to pay my mortgage.


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    #175
    holyhead
    Closed Accounts Posts: 1,249 ✭✭✭holyhead


    Boredstiff666 wrote: »
    Well in all my years i have only ever heard of Capitalism, socialism and communism. The last two being the same but they cant agree with each other so just hate capitalists.

    you have something new I am all ears and seated.........work away.

    I'm not advocating a new way simply saying capitalism is such that some will be richer than others and taxing the sheet out of people won't make the poor much better off.


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    #176
    holyhead
    Closed Accounts Posts: 1,249 ✭✭✭holyhead


    I wonder if those who approve of/like inheritance tax have ever actually paid it? It's easy be in favour of a tax that you never had to pay or will never have to pay.


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    #177
    holyhead
    Closed Accounts Posts: 1,249 ✭✭✭holyhead


    anewme wrote: »
    Well just as an example, Margaret Cash takes home 49k net and has never worked a day in her life.

    Not sure what rent she pays.

    I don't take home 49k after my mortgage.

    Is your 49k based on her having loads of kids?


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    #178
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    holyhead wrote: »
    I wonder if those who approve of/like inheritance tax have ever actually paid it? It's easy be in favour of a tax that you never had to pay or will never have to pay.

    Think about that again.


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    #179
    pwurple
    Closed Accounts Posts: 12,449 ✭✭✭✭pwurple


    Boredstiff666 wrote: »
    Very clever words of wisdom.

    What if the host country changes the rules or says your money stays here but you can't? What if there's a war?

    I bet you will want state handouts in Ireland then? And where does that dosh come from?

    People chose to take that risk. They weigh up the options at the time, hey, Australia is more stable than Estonia, off I go.

    And in fairness, how long do people live after retirement anyway. You only get the state pension from 68/69? 89 is a good age to aim for. 20 years to bet on there not being a war?


    I’d pick almost any country over Ireland for tax stability. We change the rules with the wind.


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    #180
    holyhead
    Closed Accounts Posts: 1,249 ✭✭✭holyhead


    kippy wrote: »
    Think about that again.

    No need to!


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    #181
    kippy
    Registered Users Posts: 18,465 ✭✭✭✭kippy


    pwurple wrote: »
    People chose to take that risk. They weigh up the options at the time, hey, Australia is more stable than Estonia, off I go.

    And in fairness, how long do people live after retirement anyway. You only get the state pension from 68/69? 89 is a good age to aim for. 20 years to bet on there not being a war?


    I’d pick almost any country over Ireland for tax stability. We change the rules with the wind.

    We don't really and to suggest we do suggests a lack of awareness of taxation in general.


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