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A comment on 30,000 empty homes and nowhere to live: inside Dublin’s housing crisis. Parent comment

Re:30,000 empty homes and nowhere to live: inside Dublin’s h... by balfirevic on Thursday November 29, 2018 @02:45PM (#18563274)
If you are going with the premise that someone's parents rightfully earned their wealth and it is fully theirs for them to do what they please with it - then it is also theirs to give to their children.

It is not about child's right to that wealth - it is about parent's right to give it to their children.

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Re:30,000 empty homes and nowhere to live: inside Dublin’s h... by AlexTWithBeard on Thursday November 29, 2018 @03:41PM (#18563786)
It is absolutely within parents' rights to give their property to whoever they want - as long as the child pays the income tax on the money that fell from the sky.
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Re:30,000 empty homes and nowhere to live: inside Dublin’s h... by imtringued on Thursday November 29, 2018 @07:46PM (#18565630)
The parents already paid income tax. Where is the problem?

Children inherit lots of things from their parents like their genetics, upbringing, location, food, clothing and a place to live without paying taxes on those things so why should the inherited money or property be taxed? All of those things "fell from the sky", how is money different?

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Re:30,000 empty homes and nowhere to live: inside Dublin’s h... by scotty79 on Thursday November 29, 2018 @04:06PM (#18564020)
Parents can still be free to give what they own to children but you might prevent children from reciving it. For example by taxing whatever they recive.

That said I think inheritance tax is very bad idea and shouldn't exist.

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