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Inheritance Tax & The Curse of the Silver Spoon
Manage episode 431736187 series 2507859
This week, we dive into the issue of inheritance tax in Ireland, asking if it's time for a rethink. With house prices skyrocketing by 62% since 2012, many middle-class families find themselves unexpectedly asset-rich but cash-poor, facing significant tax bills on inherited homes. We explore potential adjustments like increasing the tax-free threshold or adjusting tax rates based on asset types, such as land and property. Could these changes ease the burden on families while fostering a more dynamic economy? Should inheritance tax exist at all, or is it crucial for maintaining economic equality? We also delve into the history of inheritance, exploring post-colonial influences on the Irish psyche and the surprising alignment of libertarian and Marxist views on wealth distribution.
Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams
Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.
Hosted on Acast. See acast.com/privacy for more information.
502 episode
Manage episode 431736187 series 2507859
This week, we dive into the issue of inheritance tax in Ireland, asking if it's time for a rethink. With house prices skyrocketing by 62% since 2012, many middle-class families find themselves unexpectedly asset-rich but cash-poor, facing significant tax bills on inherited homes. We explore potential adjustments like increasing the tax-free threshold or adjusting tax rates based on asset types, such as land and property. Could these changes ease the burden on families while fostering a more dynamic economy? Should inheritance tax exist at all, or is it crucial for maintaining economic equality? We also delve into the history of inheritance, exploring post-colonial influences on the Irish psyche and the surprising alignment of libertarian and Marxist views on wealth distribution.
Pre-order Money: A Story of Humanity Now: https://linktr.ee/moneydavidmcwilliams
Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.
Hosted on Acast. See acast.com/privacy for more information.
502 episode
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