How can someone in their 30s afford a house - PLEASE READ MOD WARNING IN OP

limnam · 03-07-2020 1:22pm

Wanderer78 wrote: »

and possibly decreasing the wages within the construction industry, and since markets dont occur in a vacuum, are you will to possibly take a wage cut?

unionization is rapidly declining, it has since we moved to more neoliberial/neo classical economics

Unions are not in the business of cutting wages.

joeharte123 · 03-07-2020 1:23pm

I feel sorry for single people trying to afford a house on their own. I know people have done it, but it is so much harder if you're on your own. Unless you're on a colossal wage!

Wanderer78 · 03-07-2020 1:23pm

limnam wrote: »

Unions are not in the business of cutting wages.

of course theyre not, how is continual wage deflation good for an economy whereby there is almost continual asset price inflation?

limnam · 03-07-2020 1:33pm

Wanderer78 wrote: »

of course theyre not, how is continual wage deflation good for an economy whereby there is almost continual asset price inflation?

I don't think this discussion has much left it tbh as I'm lost on what your point is.

Your answer to get cheaper housing is to unionise construction that will force construction costs to increase.

Good luck with that.

limnam · 03-07-2020 1:34pm

joeharte123 wrote: »

I feel sorry for single people trying to afford a house on their own. I know people have done it, but it is so much harder if you're on your own. Unless you're on a colossal wage!

Maybe it's time to lose our obsession with houses?

Wanderer78 · 03-07-2020 1:36pm

limnam wrote: »

I don't think this discussion has much left it tbh as I'm lost on what your point is.

Your answer to get cheaper housing is to unionise construction that will force construction costs to increase.

Good luck with that.

im not just advocating for increased unionization of the construction industry, but of the workforce in general, we had far less inequality in the past from this, but im also advocating for a lot more than that, we have to do something about the growing inequality between the young and the old, younger generations are getting locked out of critical markets such as housing

Wanderer78 · 03-07-2020 1:38pm

limnam wrote: »

Maybe it's time to lose our obsession with houses?

maybe, but we need to increase securities for both accommodation owners and tenents, our current approach is exposing both

joeharte123 · 03-07-2020 1:53pm

limnam wrote: »

Maybe it's time to lose our obsession with houses?

I agree that Irish people have a unique obsession to own a house - historically, real estate was seen as an investment for pensions, children's education and so on.

In more recent times, many young people feel the need to buy a house as rent per month is almost double of a mortgage monthly repayment, and at the end of it all the young person owns a house!

I would definitely say if rent was affordable, young people they would consider renting long term like they do in Continental Europe.

OEP · 03-07-2020 1:54pm

yourdeadwright wrote: »

In a report last year they said over 5 %of Irish workers where on 100 grand so I assumed when you said you where in the top 5 % you where making more than 100 grand,

But what you say above is of course correct,

I thought I saw report that said over about 85k was top 5% - anyway we're splitting hairs, the point is still the same really!

limnam · 03-07-2020 1:58pm

joeharte123 wrote: »

I agree that Irish people have a unique obsession to own a house - historically, real estate was seen as an investment for pensions, children's education and so on.

In more recent times, many young people feel the need to buy a house as rent per month is almost double of a mortgage monthly repayment, and at the end of it all the young person owns a house!

I would definitely say if rent was affordable, young people they would consider renting long term like they do in Continental Europe.

That happens when you haven't been building for 10+ years

Ush1 · 03-07-2020 2:05pm

Wanderer78 wrote: »

taxation is a major problem, the fact over the last few decades, it has been moved from more wealthier plutocratic elements towards the average worker, expect them to eventually get pissed off!

The "wealthy" pay a huge amount of tax in this country, we have one of the narrowest tax nets in Europe I believe.

Everyone should have skin in the game, no matter how little.

LeineGlas · 03-07-2020 2:07pm

limnam wrote: »

Maybe it's time to lose our obsession with houses?

The "obsession" is driven by the way people are treated by landlords.

It's galling to be lining the pockets of the wealthy when in theory your salary could be going towards funding your own property purchase.

Why should 40% of my salary go to someone who happens possess excess property when 25% of my salary could fund the purchase of my own property?

limnam · 03-07-2020 2:09pm

LeineGlas wrote: »

The "obsession" is driven by the way people are treated by landlords.

It's galling to be lining the pockets of the wealthy when in theory your salary could be going towards funding your own property purchase.

Why should 40% of my salary go to someone who happens possess excess property when 25% of my salary could fund the purchase of my own property?

If this is going to turn into a rent is dead money thread.

I'm out

joeharte123 · 03-07-2020 2:09pm

limnam wrote: »

That happens when you haven't been building for 10+ years

True. In the UK, in comparison established urban houses, 'new build' houses are among the cheapest on the market. A developer builds uniform 3 bed semi detached houses on a plot of land, young couples buy them up, raise their children with the aim to move out later in life.

In Ireland, 'new build' houses seem to be the among most expensive in an area, leaving young people with heavy debt of mortgage repayments each month. An obvious solution to this would be to build more houses, relaxing the demand on these new built homes and therefore reducing the prices to a more sustainable and manageable level.

joeharte123 · 03-07-2020 2:14pm

limnam wrote: »

If this is going to turn into a rent is dead money thread.

I'm out

The 'rent is dead money' is only a valid argument if renting cost significantly more than monthly mortgage repayments for the same type of house.

Of course, there are many people that would be happy to rent long term, provided they're benefiting in other areas of thier life (more discretionary income for holidays, days out etc..). The way it is now, yes, rent is dead money - in the long run the person has nothing to show for the money they're paying each month!

Cyrus · 03-07-2020 2:14pm

Lux23 wrote: »

They never got rent allowance or whatever it was back then, as they worked full-time but got a council house in a private estate after ten years on the list in 1990 - they were extremely lucky to get it and it was a lovely home to grow up in and it was great that the option was available - it still should be! They tried and failed to get a mortgage as well, but my Dad's precarious health always went against him and he was considered too old by the time they had the deposit together. An awful lot of bad luck especially when I compare them to their brothers and sisters who all have their own homes with the same level of education and in some cases they didn't even work.

It still doesn't take away from the fact that they worked hard throughout their life, nobody who owes their home is necessarily working any harder.

ok so the state has subsidised their housing need. im not sure what point you are making, of course someone can work hard in an unskilled role and not have enough money for a house but the solution to that is state support.

are they not priviledged to get state support?

Wanderer78 · 03-07-2020 2:15pm

Ush1 wrote: »

The "wealthy" pay a huge amount of tax in this country, we have one of the narrowest tax nets in Europe I believe.

Everyone should have skin in the game, no matter how little.

its also important to add, the wealthy are at times more a what than a who, the truth is, we re actually a tax haven for large corporations, and have been for a long time, its our, 'dont mention the war' situation. we desperately need access to more of the wealth thats created from these corporations, i think accepting partial payment of revenue from them should be in stocks and shares, and utilize sovereign wealth funds from there. taxation is currently skewed heavily towards the average worker and away from these more plutocratic elements in society, its a common policy under free market/neoliberial ideology, and its failing.

we badly need taxes such as land value taxes as well

i do think everyone should have skin in the game, but a far more fairer approach

fret_wimp2 · 03-07-2020 2:18pm

LeineGlas wrote: »

The "obsession" is driven by the way people are treated by landlords.

It's galling to be lining the pockets of the wealthy when in theory your salary could be going towards funding your own property purchase.

Why should 40% of my salary go to someone who happens possess excess property when 25% of my salary could fund the purchase of my own property?

Because the person who has a 2nd property could have worked hard to get it and this is their financial planning in operation, and you need a place to live.

Or because life deals some a better (or worse depending on perspective) hand in some areas, maybe they came into a house through death of a relative.

The why is irrelevant. We do the best with what we get.
I do a hell of a lot better than my parents from a financial point of view, through lots of hard work, study, saving and being very prudent with money. I cut my cloth accordingly and bought what I could afford, sacrificed some things in order to have lower debt. Others I know didnt. They have a nicer home or are in a stereotypically better location but with multiples of my debt, that's their choice, and I'm happy with mine.

I hope my kids have it much better than I do now through hard work and building on whatever I can do to help them.

I know people with similar paths to me up to a point, but then went traveling or just had a ball every weekend for 20 years and saved nothing.
Should they begrudge me what I have because they rent and can't get a mortgage, based on our life choices ?

Similarly I know others who ended up with much better properties and financial situation through both good planning and luck. I don't begrudge them any of it.

If you're renting, it's your issue, not the landlords. The landlord didn't come to your door and strong-arm you into renting their place.

Take some responsibility and shrug off some of the bitterness.

limnam · 03-07-2020 2:23pm

joeharte123 wrote: »

True. In the UK, in comparison established urban houses, 'new build' houses are among the cheapest on the market. A developer builds uniform 3 bed semi detached houses on a plot of land, young couples buy them up, raise their children with the aim to move out later in life.

In Ireland, 'new build' houses seem to be the among most expensive in an area, leaving young people with heavy debt of mortgage repayments each month. An obvious solution to this would be to build more houses, relaxing the demand on these new built homes and therefore reducing the prices to a more sustainable and manageable level.

Whats the current price of a new build in London?

joeharte123 · 03-07-2020 2:31pm

limnam wrote: »

Whats the current price of a new build in London?

By London I'm guessing you're talking about its surrounding areas as London is already built up? The same applies here, Dublin's house prices are always more expensive. London is defined as a Global City so although it would makes sense to directly compare Dublin with London, it would be an inaccurate comparison.

Have a look elsewhere in UK, you'll find some sweet deals!

limnam · 03-07-2020 2:33pm

joeharte123 wrote: »

Have a look elsewhere in UK, you'll find some sweet deals!

Same in Ireland

I saw a house on daft there for 27k recently

needed a bit of work.

Figel Narage · 03-07-2020 2:33pm

joeharte123 wrote: »

By London I'm guessing you're talking about its surrounding areas as London is already built up? The same applies here, Dublin's house prices are always more expensive. London is defined as a Global City so although it would makes sense to directly compare Dublin with London, it would be an inaccurate comparison.

Have a look elsewhere in UK, you'll find some sweet deals!

Slightly outside London I have seen some surprising low prices. I feel as if the tolerance of someone in the London outer commuter areas is alot higher then in Dublin, willing to travel longer hours but we'll probably get there if public transport gets better

antimatterx · 03-07-2020 2:38pm

The national broadband plan is going to help majorly. When you have top broadband even at rural locations, people will leave the expensive cities.

joeharte123 · 03-07-2020 2:38pm

limnam wrote: »

Same in Ireland

I saw a house on daft there for 27k recently

needed a bit of work.

Banks are reluctant to lend money for renovations as they're only LTV. i.e. we will give you the money AFTER you've completed the work on the house

limnam · 03-07-2020 2:43pm

joeharte123 wrote: »

Banks are reluctant to lend money for renovations as they're only LTV. i.e. we will give you the money AFTER you've completed the work on the house

I was half joking.

The point was if you're happy to go outside Dublin there's fairly reasonably priced houses/apartments

The problem is the vast majority want to be in Dublin or don't want to commute

yourdeadwright · 03-07-2020 3:03pm

Lux23 wrote: »

They never got rent allowance or whatever it was back then, as they worked full-time but got a council house in a private estate after ten years on the list in 1990 - they were extremely lucky to get it and it was a lovely home to grow up in and it was great that the option was available - it still should be! They tried and failed to get a mortgage as well, but my Dad's precarious health always went against him and he was considered too old by the time they had the deposit together. An awful lot of bad luck especially when I compare them to their brothers and sisters who all have their own homes with the same level of education and in some cases they didn't even work.

It still doesn't take away from the fact that they worked hard throughout their life, nobody who owes their home is necessarily working any harder.

Sorry to hear about your da,

I'm not being smart but I think you said yourself there was an awful lot of bad luck for you folks , This can happen to some people ,
But you can't call people who worked hard and did not have bad look privileged ,

Privilege is getting special treatment , there is middle ground between bad luck where you cant get a mortgage and people who are privileged and get a house handed to them ,

joeharte123 · 03-07-2020 3:17pm

limnam wrote: »

I was half joking.

The point was if you're happy to go outside Dublin there's fairly reasonably priced houses/apartments

The problem is the vast majority want to be in Dublin or don't want to commute

I suppose they want to live in Dublin or commuter towns around Dublin as the majority of jobs are there. Even at that, others just want to live in Dublin as it’s where they feel happiest. I agree with you if you go beyond Dublin houses are cheaper; most people don’t want to live in Cavan, Longford etc. apart from those people that grew up there! And that’s nothing against the area, it’s to do with so many factors such as transport, amenities..

limnam · 03-07-2020 3:22pm

joeharte123 wrote: »

I suppose they want to live in Dublin or commuter towns around Dublin as the majority of jobs are there. Even at that, others just want to live in Dublin as it’s where they feel happiest. I agree with you if you go beyond Dublin houses are cheaper; most people don’t want to live in Cavan, Longford etc. apart from those people that grew up there! And that’s nothing against the area, it’s to do with so many factors such as transport, amenities..

The same goes for London and people end up paying crazy money commuting into central london for work etc.

It sounds like our lack of flexibility here might be causing us some of our own problems.

beanyb · 03-07-2020 3:28pm

yourdeadwright wrote: »

Sorry to hear about your da,

I'm not being smart but I think you said yourself there was an awful lot of bad luck for you folks , This can happen to some people ,
But you can't call people who worked hard and did not have bad look privileged ,

Privilege is getting special treatment , there is middle ground between bad luck where you cant get a mortgage and people who are privileged and get a house handed to them ,

Privilege isn't only about getting special treatment. It is also a structural issue where you have easier access to good schools, jobs, and therefore to money than other people. It doesn't mean you didn't work hard but it means there were some obstacles that you didn't have to overcome to get your house that some others could never even dream of.

Inherited wealth that gives some children an advantage over others whose parents couldn't afford to own their own is one of these structures.

fret_wimp2 · 03-07-2020 3:36pm

beanyb wrote: »

Privilege isn't only about getting special treatment. It is also a structural issue where you have easier access to good schools, jobs, and therefore to money than other people. It doesn't mean you didn't work hard but it means there were some obstacles that you didn't have to overcome to get your house that some others could never even dream of.

Inherited wealth that gives some children an advantage over others whose parents couldn't afford to own their own is one of these structures.

There's no possible way everyone can get the exact same start and legs up in life.

I know people who through luck and circumstance have better jobs, more money, 2nd properties and other benefits I don't have, some they worked hard for, some given to them. I don't begrudge any of it.

I'm better off than my parents thanks to their hard work to give me a good life and education and a shed load of hard work, saving, cutting cloth to measure and not taking on more debt than necessary on my part. I hope my kids are much better off than I and I'll help any way I can.

To be bitter at the world for chance oppertunities they have gotten is akin to shouting at rainclouds.

In Ireland for most people, the gap between the well off and ordinary folk is not nearly as wide as in most of the world.

Work with what you have and stop looking around at what others have and you haven't

GreeBo · 03-07-2020 3:37pm

Figel Narage wrote: »

Pretty depressing how getting the gold plated salary of 100K a year means you can't really buy a house in area's our parents would have bought on the same salary back in their day.

Might be depressing but it shouldn't be surprising to you.
Compare the demand back then to now.

GreeBo · 03-07-2020 3:37pm

Figel Narage wrote: »

Pretty depressing how getting the gold plated salary of 100K a year means you can't really buy a house in area's our parents would have bought on the same salary back in their day.

Might be depressing but it shouldn't be surprising to you.
Compare the demand back then to now.

beanyb · 03-07-2020 3:39pm

fret_wimp2 wrote: »

There's no possible. Way everyone can get the exact same start and legs up in life.

I know people who through luck and circumstance have better jobs, more money, 2nd properties and other benefits I don't have, some they worked hard for, some given to them. I don't begrudge any of it.

I'm better off than my parents thanks to their hard work to give me a good life and education. I hope my kids are much better off than I and I'll help any way I can.

To be bitter at the world for chance oppertunities they have gotten is akin to shouting at rainclouds.

In Ireland for most people, the gap between the well off and ordinary folk is not nearly as wide as in most of the world.

Work with what you have and stop looking around at what others have and you haven't

Nobody is begrudging anything, we're just suggesting that taxing inherited wealth (which is currently set at quite a high level) to fund public services is a good way to even the inherently unfair playing field that is our society.

Deadmou5e · 03-07-2020 3:39pm

Get a caravan for a year

yourdeadwright · 03-07-2020 3:46pm

beanyb wrote: »

Privilege isn't only about getting special treatment. It is also a structural issue where you have easier access to good schools, jobs, and therefore to money than other people. It doesn't mean you didn't work hard but it means there were some obstacles that you didn't have to overcome to get your house that some others could never even dream of.

Inherited wealth that gives some children an advantage over others whose parents couldn't afford to own their own is one of these structures.

We live in Ireland .There are not the structural barriers stopping you from becoming what you want as there are in other countries,

Yes there are a minority of people who have terrible childhoods and lives but you can't claim anyone with a house is privileged its absolute nonsense .

A lot of time people like to blame privilege for them not being in the position of others , when come down to poor choices they made,

theteal · 03-07-2020 3:46pm

joeharte123 wrote: »

True. In the UK, in comparison established urban houses, 'new build' houses are among the cheapest on the market. A developer builds uniform 3 bed semi detached houses on a plot of land, young couples buy them up, raise their children with the aim to move out later in life.

In Ireland, 'new build' houses seem to be the among most expensive in an area, leaving young people with heavy debt of mortgage repayments each month. An obvious solution to this would be to build more houses, relaxing the demand on these new built homes and therefore reducing the prices to a more sustainable and manageable level.

I don't find that in the slightest. I'm on the commuter line between Southend and London, a lot closer to Southend and I find new build houses ridiculously expensive.

An example that we viewed a few years ago can be seen below. The cheapest 4 bed house left is over £464,000. The 3 beds were not cheap either. That's nearly 50% more than we paid for our 1970's 4 bed semi, that's bigger, has a proper separate dining room, actual front and rear gardens and is a 10 minute walk to the station (no en suites though, just the two regular shared bath/showerrooms

) - https://www.countrysideproperties.com/all-developments/essex/st-lukes-park

fret_wimp2 · 03-07-2020 3:46pm

beanyb wrote: »

Nobody is begrudging anything, we're just suggesting that taxing inherited wealth (which is currently set at quite a high level) to fund public services is a good way to even the inherently unfair playing field that is our society.

Tax has already been paid on that money.
Public service is over funded. If it needs anything, It needs accountability for its financial decisions. Make people Accountable, put jobs on the line for multiple bad decisions and probects will start being run properly with due care and attention.

People need to learn they can't have everything and taxation and regulation certainly isn't the way to get it.

limnam · 03-07-2020 3:48pm

theteal wrote: »

I don't find that in the slightest. I'm on the commuter line between Southend and London, a lot closer to Southend and I find new build houses ridiculously expensive.

An example that we viewed a few years ago can be seen below. The cheapest 4 bed house left is over £464,000. The 3 beds were not cheap either. That's nearly 50% more than we paid for our 1970's 4 bed semi, that's bigger, has a proper separate dining room, actual front and rear gardens and is a 10 minute walk to the station (no en suites though, just the two regular shared bath/showerrooms ) - https://www.countrysideproperties.com/all-developments/essex/st-lukes-park

I was a bit shocked myself

The last thing people think of when looking at London, outskirts or otherwise is cheap property

Cyrus · 03-07-2020 3:51pm

beanyb wrote: »

Nobody is begrudging anything, we're just suggesting that taxing inherited wealth (which is currently set at quite a high level) to fund public services is a good way to even the inherently unfair playing field that is our society.

its not at a high level at all, if you wanted to leave a standard house in dublin to a child you couldnt without them having a tax bill.

Springy Turf · 03-07-2020 3:54pm

Cyrus wrote: »

its not at a high level at all, if you wanted to leave a standard house in dublin to a child you couldnt without them having a tax bill.

Only in the case of 1 child. if the house was worth 500k, they would be liable for 55k in tax - in an around 10%. If there are 2 children, it's 0. It's a very low tax.

theteal · 03-07-2020 3:56pm

limnam wrote: »

I was a bit shocked myself

The last thing people think of when looking at London, outskirts or otherwise is cheap property

Ha ha, outskirts

Outskirts was when we lived in Romford. We're out in the proper Essex badlands now, cheaper than London obviously but decent houses are by no means cheap. . . I suppose you could get a slum in Basildon on the cheap??? Then again, I suspect this is what you pay for having a proper rail commuter network (albeit much derided and expensive) but that estate that I linked is not even close to a station.

Figel Narage · 03-07-2020 4:37pm

GreeBo wrote: »

Might be depressing but it shouldn't be surprising to you.
Compare the demand back then to now.

Didnt say I was suprised just depressed about the situation

Cyrus · 03-07-2020 4:39pm

Springy Turf wrote: »

Only in the case of 1 child. if the house was worth 500k, they would be liable for 55k in tax - in an around 10%. If there are 2 children, it's 0. It's a very low tax.

the two children get half a house each :rolleyes:

Springy Turf · 03-07-2020 4:41pm

Cyrus wrote: »

the two children get half a house each :rolleyes:

Yes?

Cyrus · 03-07-2020 5:04pm

Springy Turf wrote: »

Yes?

its not a low tax

03-07-2020 6:55pm

Cyrus wrote: »

its not a low tax

The tax rate is high, but if we're only talking parent->child transfers, the threshold is reasonable. €335k tax-free is a large inheritance, and you'll get 67% of the rest.

04-07-2020 11:40pm

beanyb wrote: »

Nobody is begrudging anything, we're just suggesting that taxing inherited wealth (which is currently set at quite a high level) to fund public services is a good way to even the inherently unfair playing field that is our society.

Ireland’s inheritance tax thresholds are extremely low and rate of tax very high. We are Up there with the most draconian in the world when it comes to inheritances/gifts. Loads of countries don’t even have inheritance tax and many that do have far higher threashold. It’s around 1 million in the Uk for example.

Inheritance/gift tax is an abomination, absolute disgusting theft of a tax that is promoted by the worst begrudgers we have in the country, they don’t get an inheritance so they don’t want anyone else too. Like a child in the play ground.

Inheritance tax within the family should be totally abolished, parents should be able to give whatever they want to their children with out a single cent if tax being owed the same as a married couple can. A child and their parent are an even closer relation that a married couple so no reason they shouldn’t be entitled to free access to all their families money without the dirty grubby hands of revenue getting even a sniff.

Society isn’t fair, and never will be so tough s*it a families money should not be going to anyone outside the family it should be making the best life and giving the best head start to the next generation of the family and putting them ahead of others and making their lives easier.

Springy Turf · 05-07-2020 1:42am

Savanna Refined Symbolism wrote: »

Loads of countries don’t even have inheritance tax and many that do have far higher threashold. It’s around 1 million in the Uk for example.

https://www.gov.uk/inheritance-tax. No mention of 1 million. No reference to back up your assertion. Not sure I would want to model anything about Ireland on the U.K. anyway. Brexit is what happens when you have so much inequality a country starts to implode.

Savanna Refined Symbolism wrote: »

Inheritance/gift tax is an abomination, absolute disgusting theft of a tax that is promoted by the worst begrudgers we have in the country, they don’t get an inheritance so they don’t want anyone else too. Like a child in the play ground.

Believe it or not, people can have political views that go against their own financial interest. People who understand that a fairer society makes life better for everyone. What's childish is calling people who disagree with you begrudgers and children.

Savanna Refined Symbolism wrote: »

Society isn’t fair, and never will be so tough s*it

So we shouldn't try to make it more fair?

MrMusician18 · 05-07-2020 1:51am

Savanna Refined Symbolism wrote: »

Ireland’s inheritance tax thresholds are extremely low and rate of tax very high. We are Up there with the most draconian in the world when it comes to inheritances/gifts. Loads of countries don’t even have inheritance tax and many that do have far higher threashold. It’s around 1 million in the Uk for example.

Inheritance/gift tax is an abomination, absolute disgusting theft of a tax that is promoted by the worst begrudgers we have in the country, they don’t get an inheritance so they don’t want anyone else too. Like a child in the play ground.

Inheritance tax within the family should be totally abolished, parents should be able to give whatever they want to their children with out a single cent if tax being owed the same as a married couple can. A child and their parent are an even closer relation that a married couple so no reason they shouldn’t be entitled to free access to all their families money without the dirty grubby hands of revenue getting even a sniff.

Society isn’t fair, and never will be so tough s*it a families money should not be going to anyone outside the family it should be making the best life and giving the best head start to the next generation of the family and putting them ahead of others and making their lives easier.

It's argued that inheritance tax is the absolute fairest tax and most socially progressive -whats even better is that it isn't a tax on anyone that's alive, so no one can complain about having to pay it.

The real problem with inherited wealth is that it drives inequality. Wealth begets wealth and inheritance is an unearned advantage.

Pkiernan · 05-07-2020 6:26am

MrMusician18 wrote: »

It's argued that inheritance tax is the absolute fairest tax and most socially progressive -whats even better is that it isn't a tax on anyone that's alive, so no one can complain about having to pay it.

The real problem with inherited wealth is that it drives inequality. Wealth begets wealth and inheritance is an unearned advantage.

why is progressive synonymous with good?

How can someone in their 30s afford a house - PLEASE READ MOD WARNING IN OP

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