Inheritance Tax & The Curse of the Silver Spoon

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 1 August 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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.

Transcript

Click on a timestamp to play from that location

0:00.0	How did the dog sneak out?
0:02.4	When did that parcel vanish?
0:04.8	Who was outside last night?
0:07.4	Arlo doesn't miss a thing.
0:09.8	From 4K cameras to powerful AI detection,
0:13.5	Arlo makes a watched over space, a safer space.
0:17.6	Arlo, 10 years of innovation in one powerful security system.
0:25.8	Find out more and get conditions at arlo.com.
0:30.9	If you're in business, you'd expect money movement to be easy, and it is with Visa Direct.
0:38.0	Collect, hold, convert and send payments between more than 195 countries, 160 currencies,
0:46.4	and over 11 billion cards, accounts and wallets.
0:50.3	Effortlessly and securely.
0:52.6	Move money your way.
0:54.8	Learn more at Visa..com slash visa direct.
1:02.4	To understand the economy, you have to understand human nature.
1:08.9	This podcast is powered by ACAST.
1:13.5	How are you doing there?
1:15.0	The sun is up high in the sky.
1:17.7	It is the Mediterranean summer.
1:20.0	We are being lashed on, but John is sunning himself in his new French ittle in the hills.
1:28.6	How is it? You're still there.
1:30.4	It's fabulous. I think the sun is getting to me actually. My brain is getting fried daily.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from David McWilliams, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of David McWilliams and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.