#270

Don’t worry we will keep your noble legacy alive on in DIS!

1 Like
#271

So, to be sure…

Hypothetically, your parents reach somewhere roughly around pension age and decide they want to take it a bit easier. They offer you a life-changing amount of money. Do you…

    • Insist they keep it to do things they’ll enjoy or are passionate about in their retirement
    • Buy a house that you can later sell on for vast profit

0 voters

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#272

I’ll try that again…

  • Insist they keep it to do things they’ll enjoy or are passionate about in their retirement
  • Spend it on a house you can later sell for vast profit

0 voters

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#273

What if they’re already happy and comfortable in their life and don’t need that money to change it?

#274

Poll2:

Your Aunty Nora or Uncle Albert dies and leaves you a life-chanfing amount of money…

  • Keep absolutely it all for yourself
  • Give most of it to charity or people less fortunate
  • Give absolutely all of it to charity or people less fortunate

0 voters

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#275

I’m not judging anybody’s parents Tories or not. Vote based on your own circumstances.

#276

Passing property on is fine. My Italian side of the family has a house that was built by the family and it’s only ever been owned by the family. Would be a really shame for it to go. Particularly as it’s in a part of Italy where literally no one is buying. Almost impossible i sell it off.

I also do think the house you were bought up in is nice to keep. Particularly if you are living in the same place. Family homes are nice. That said if you have a home already inherenting another just keeps the trappings of wealth and creates all sorts of problems.

We for sure.need better systems that tax wealth and not just income. Inherence tax, which is a fundamentally good idea despite the incredible backlash to it, is pretty much the only tax that does this.

#277

Ok here’s another poll, this one is 100% not based on anyone’s current circumstances

Your parents give you a 15% deposit which you use to buy a house. 8 years later you are ready to sell and move back home where you can buy a property for about half the price of the first. You will walk away 5-6 times the original deposit in cash. You’re parents are normally absolutely dead set on not accepting money from you. Do you:

  • Insist on giving them back 100% of the original deposit, not taking no for an answer
  • Try at least to offer the money, knowing it’s futile
  • Keep the money and spend it on a round the world holiday

0 voters

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#278

Or you get home and

1 Like
#279

Well then I’d be completely quids in so …

#280

Give them 15% of the value of the residual equity, or their 15% deposit adjusted for 8 years worth of interest rates, whichever is the greater.

1 Like
#281

If hypothetically it was all going to charity, would you be in favour of 100% inheritance tax? (Anonymous poll).

  • Yes
  • No

0 voters

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#282

Yeah in a simple world I would like to do this but I also know my parents and their complete refusal to accept any money off their children. Id love to tell them to go on a mega cruise or something but they won’t, they’ll just say it’s better for me to keep as I’ll get it as inheritance anyway.

#284

That’s the most non-anonymous anonymous poll ever.

2 Likes
#285

Buy them a mega cruise then as a present. Or stick it in a bank account in their name.

#286

Isn’t this in part absolving guilt by giving to charity? None of these choices are going to solve the wider issues. Unless it was a legal obligation (tax). Put it this way i am poor. I earn less the £15,000 grand most years. Of course I’m going to take all that money. It I was already on good wages I wouldn’t care so much.

Anyway I’m not going to inherit that wealth such is the problem. But if I did it will give me the cash needed to retrain, make investment etc to actually move up economically.

As with property inherentence that is the only way I’m ever going to own a house. Rather then handing money to people much wealthier then me via rent. Attacking the private rent sector is important. Ideally with more council houses but the less people privately renting the better.

What you seem to push forward would be a wage based meritocracy, but of course wages are throughly driven by unfair factors, networks, schooling, geography, how much time parents had to help you with school, a stable family environment etc etc.

For many lower income people inherenting houses from family (who bought when things were more affordable) is the only way they are getting on the housing ladder.

1 Like
#287

Who’s deciding which charities get how much money?

#288

Ethical ones.

All of it.

#289

If they have spare money and are retiring they must be Tories and thus relieved of their money! Its what JC would want

#290

Public schools?