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#inheritance

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☮ ♥ ♬ 🧑‍💻

Day 22 cont 💰💰💰💰💰🏘️🏠🏡🏠🏠🏡🏡🏡

“Advocates wonder why the new commitments have targeted a small number of first home buyers over the larger number of lower-income people living in #RentalStress. And industry experts warn the situation has become so dire, they are only seeing #DINKS (dual income, no kids) or people with #inheritance make it on to the #PropertyLadder.”

#AusPol / #LNP / #Labor / #Liberal / #Nationals / #HousingEmergency / #Housing / #renting <theguardian.com/australia-news>

The Guardian · Melbourne nurse Sarah is trying to save for a home near work – neither party’s housing plan will get her any closerBy Cait Kelly
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Nick 🚴🏻‍♂️🍳

8) Halt the inter-generational transfer of wealth.

The author supports an idea to limit an individual's lifetime earnings through inheritance or gifts. She describes a proposal where inheritance taxes are redistributed to young adults to help ensure they can cover basic costs of living as they become independent.

#inheritance
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Martin Holland

Learn something every day! This is so interesting, I did not know this 👇🏼

"In many Aegean islands, the soil lacks fertility, making it challenging for families to rely solely on agriculture. Consequently, trade and shipping emerged as crucial avenues for income among the islanders. The commercial exchanges between #Greece and other nations, coupled with a significant exodus of men from the Greek islands to work on ships, resulted in a notable shift in land #inheritance dynamics. Typically, land ownership passed to #women, as their permanent presence was seen as a safeguard for its integrity, and ownership of land served as a dowry."
https://newlinesmag.com/photo-essays/in-a-greek-village-one-of-europes-last-matriarchal-societies-is-near-death/ #matriarchy #patriarchy
New Lines Magazine · In a Greek Village, One of Europe’s Last Matriarchal Societies Is Near DeathUnderdevelopment, dwindling resources and mass migration have weakened Olympos, on the Aegean island of Karpathos
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Mark

Reform set out ‘windfall tax’ on renewables in bid to undo net zero

Farmers who build #solar panels on their land will not be able to claim #inheritance tax relief, #ReformUK have said.

Richard Tice also claimed the party would impose a “windfall tax” on #renewable #energy, as he set out Reform UK’s plans to “undo the effects of net zero”.

thenational.scot/news/24931451

The National · Reform set out 'windfall tax' on renewables in bid to undo net zeroBy Gregor Young
#ClimateChange#MentalHealth#NetZero
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Emeritus Prof Christopher May

The issue of 'fiscal drag' (income tax thresholds not keeping up with average wage rises & thereby moving more people into higher tax brackets) would also seem to be having an effect on inheritance tax.... but here we might want to argue that unlike income tax where fiscal drag seems to be non-progressive (by requiring the lower, but still well paid, to pay more tax), any fiscal drag in IHT might be seen as a reasonable response to the UK's problem with wealth inequality?

Chart: Growing burden: UK inheritance tax receipts (£bn) shows rise from under £4bn in 2013/4 to over £7bn in 2023/24, a near doubling in a decade!
#inheritance#tax
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Emeritus Prof Christopher May

Hmmm.... some leading supermarkets have come out in support of the National Farmers' Union demand that changes in inheritance tax as they effect farmers should be pause while the impact of implementation is assessed.

Now, the Q. is: is this good faith support, or a bit of distraction politics to lead farmers' supporters away from continuing problem with supermarkets domination of the food system & their aggressive treatment of their supplies?

Just asking....

#farmers#inheritance#food
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