Property and inheritance taxes should be raised, says State’s commission on tax and welfare

Your position in the post I quoted was something like you have no right to an inheritance....

If you tried to enforce that I believe I would be proven correct..

I'm doubtful we would ever get to see it play out as its unlikely to happen imho

Yours is a zealots view afaics.....at times policy is dictated by views like that but it never ends well

Complete freedom to hoard wealth by transferring from one generation to the next probably isn't a great idea either I will concede.....its a balance but you appear to be advocating the pendulum swinging entirely in one direction....always ends in tears imho

Ah...I presumed you meant a child etc should have no right to an inheritance even if a parent wanted to give it

That changes things somewhat, I misunderstood mea culpa

Your funny, you don't see the correlation between the taxes you want everyone else to pay or what they are already paying and the schemes that they are funding. Our taxes already pay for schemes like First time buyers help to buy, HAP and First home affordable purchase shared equity scheme. These 3 schemes which are funded by the tax payer have upped house prices more than any other factor in Ireland and this can be seen by the price differential of a new home and a 2nd hand one in the same location as I say what we spend our taxes on needs to be addressed before more money is thrown into the likes of these schemes or anyone asked to pay any more tax at all. Not to mention the state is actually competing to buy property with the average Joe pushing up prices even more using the tax payers dime. There is no thought or regard for unforeseen consequences and judging by our governments burn rate of spend they think they are playing monopoly and using monopoly money. The magic money tree of the ECB printing press has been turned off and with the interest rates only going one way its time to pay the piper 240Billion in debt will be a lot more expensive come rollover time and any further borrowing is going to be very expensive.

DB schemes were closed to new members, or in some cases, to new contributions. Existing DB scheme members continue to get their pension benefits from the schemes. In very rare case where both the scheme and the company was insolvent (Waterford Crystal), the government accepted liability and paid up.

Government also changed the rules for new public servants from 2013 onwards who now get the Single Pension Scheme, which has significantly reduced the benefits available. 

Your estimate of the cost of contributions is way off.

That's not what I'm saying. Inheritance taxes are a positive thing for society generally as they prevent hoarding of assets, but there is also a value in providing for it if you desire too. So zealots at the 0% or 100% ends of the scale I would completely disagree with. Rates and thresholds should be set so that the wishes of the deceased can be followed but also that the needs of society should be served too. It's about striking a balance.

It's also worth remembering that even after tax, every euro you inherit is a euro you didn't have before. It should never ever be considered an entitlement.

It is convenient that none of these new measures will effect the people making these decisions. They have already inherited everything they are due to get. They are just pulling up the ladder after them.

I 100% agree I am not even saying we should get rid of inheritance taxes I am saying as a nation we should be paying zero extra taxes as we are over taxed as it is and the gobsh1tes in power think they are playing monopoly when they are spending it there is zero accountability for the politicians. So like I say anyone looking for more taxes let them go and give their wages and any other assets to the state first and then get someone in from the outside to look at what the government are spending the money on.

Well as an example, Michael Martin's parents are both dead so he HAS inherited whatever he was due to get. Now that he has gotten what's his him and his cronies want to make sure that younger people don't befit fro the same privileges that they had.

Let them feck off & find ways to do things more cost effetively in the government / public sector as a whole instead of the current spending money like there is no tomorrow & then looking to squeeze the taxpayer more.

SF will be in Government shortly, and they will increase wealth taxes.

The socialist state will be further to the left.

Most of the wealth in Ireland is held in property and private pensions.

This is what they will hit - increase property taxes, increase the pension levy.

Theres no way to avoid this, as Revenue collect it at source.

Yes, I can see CAT being adjusted, lower tax-free thresholds, increase the tax to 40%.

"OUTGOING Taoiseach Leo Varadkar put the cat among pigeons when he said that inheritance tax should be abolished for anyone inheriting an average-priced home." https://www.independent.ie/business/personal-finance/explainer-why-leo-varadkar-is-pushing-to-abolish-inheritance-tax-39304925.html

The tax rate on inheritance is too high and even a Taoiseach has acknowledged this. Calls to increase probably the world's highest rate of such a tax are absolutely bonkers.

The head of the body recommending all this :

"Professor Niamh Moloney is Chair of the Commission on Taxation and Welfare.

She is a Professor of Law in the Department of Law at the London School of Economics and Political Science."

What do you suppose she gets paid on top of her day job?

"Shocking Left Wing Bias at the LSE...Last Wednesday the London School of Economics and Political Science hosted a three-way debate on the subject of democracy, put on by the Forum for European Philosophy. Entitled “The Worst Form of Government?”, an allusion to Churchill’s famous remark, it set out to debate the question of whether or not the democratic system really is the ideal way to govern a country." https://thebackbencher.co.uk/shocking-left-wing-bias-at-the-lse/

Socialism is alive and well in the Irish Public service - albeit extremely well paid socialism.

You'd swear every home was taxed at 80 percent when inherited they way you are going on.

And stating earlier on that every generation is poorer than the last - absolute nonsense. You completely contradicted yourself in that entire last post a few posts back.

Even this post - what a load of nonsense and drama.

The last thing the government want is people inheriting a house from their parents and subsequently passing it down the line to their children and so forth.

Home ownership is to be a luxury only foreign investment firms should be able to afford.