Wen, to UKpolitics
@Wen@mastodon.scot avatar

Why some inheritance regimes are more unequal than others

https://www.theguardian.com/commentisfree/article/2024/jun/08/why-some-inheritance-regimes-are-more-unequal-than-others

Bell's article uses some interesting comparisons from Germany where in the 19th and 20th centuries, inheritance laws differed across the contry.

glynmoody, to random
@glynmoody@mastodon.social avatar

Tory peer calls for £10,000 ‘citizens #inheritance’ for all 30-year-olds - https://www.theguardian.com/politics/2024/mar/02/tory-peer-calls-for-10000-citizens-inheritance-for-all-30-year-olds "David Willetts suggests policy would help spread wealth among millennials amid deepening inequalities"

DoomsdaysCW, to ukteachers
DoomsdaysCW,

Women's rights in Greece and Rome were more of my specialty -- especially ancient Greece. And yes, all this was how it was -- women had few rights under .

of Women in Greece

Women were dependent on fathers, husbands, or (appointed guardians). They could not own property, and were considered wards of their fathers or kyroi.

In , fathers could sell their unmarried daughters “who had lost their ” (Blundell, 69) into slavery.

was ” (Blundell, 66) – even if a daughter was the only child, she could not inherit her father’s property – it would be passed down to “her sons” (Blundell, 66), or “more distant [male] relatives” (Blundell, 66).

DemLabs, to random
@DemLabs@newsie.social avatar
peterbutler, to random
@peterbutler@mas.to avatar

“It’s a good thing that responsible custodians are taking on great wealth at this time” 🙄

https://www.ft.com/content/3944234e-e3b4-46fa-8c2f-cadec780ecb4

#Wealth #Inequality #Inheritance #Billionaires

ChrisMayLA6, to random
@ChrisMayLA6@zirk.us avatar

So much for the rewards for effort bollocks;

Last year (according to research by UBS - a Swiss bank), #Billionaires gained more through #inheritance than via #entrepreneurship ($151bn inherited/$141bn 'earned')

and that's just the start, as UBS Head of Wealth Management points out; this will continue 'over the next 20 to 30 years, as more than 1,000 billionaires pass an estimated $5.2tn to their children'!

When you cut away the reward for #innovation, this is just a new form of #feudalism!

ColesStreetPothole, to AllStarTrek
@ColesStreetPothole@weatherishappening.network avatar
scaramanga, to uk
@scaramanga@union.place avatar

"Rishi Sunak plans to slash inheritance tax in 'crowd-pleasing' announcement"

A tax that only 4% of people pay, and pay once, not even in their life. After they're dead!

Must be a very small crowd, and quite hard to please...

#sunak #uk #tory #theft #inheritance

https://www.express.co.uk/news/politics/1816020/rishi-sunak-inheritance-tax-cut-pleasing-announcement

scaramanga,
@scaramanga@union.place avatar

'Slashing inheritance task [sic] is expected to be framed as an "aspirational offer to voters" before the next general election, The Times reports.'

An astonishing aspiration. The poorest 20% of UK households leave less than £2,000 for each child. That's £998,000 less than the minimum threshold for payment of this tax - which only applies to wealth above the that first £1m in most cases.

#sunak #uk #tory #theft #inheritance

scaramanga,
@scaramanga@union.place avatar

"[Sunak] is set to unveil a raft of ambitious long-term policies designed to change Britain."

For the worse, by robbing the treasury of £7Bn a year, increasing to £15Bn a year by 2032 according to a report by the Institute for Fiscal Studies.

"Not a lot of revenue", according to the IFS. Only enough to house the homeless seven times over according to the government.

#sunak #uk #tory #theft #inheritance #Homelessness

https://ifs.org.uk/publications/reforming-inheritance-tax

scaramanga,
@scaramanga@union.place avatar

'The ... plans have been celebrated with jubilation by many, with one person describing [Sunak] as a "born winner".'

I'd love to know who this "one person" is? The lord viscount of Dunny on the Wold? An investment banker? A newspaper editor's wife?

A born winner anyway, not like those bums we could be housing for "anything up to circa £1bn (gross) annually [but] the net cost is likely to be lower."

#sunak #uk #tory #theft #inheritance #Homelessness

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/7596/2200485.pdf

scaramanga,
@scaramanga@union.place avatar

A [twit] wrote "The threshold for paying Inheritance tax is if the value of your estate is £325k."

"Doesn’t sound like a tax cut which only benefits the rich when you consider property valuations in London and the South East."

Right, but doesn't mention the allowance is per person, not per estate and there's another £175k tax-free allowance on top of it, so the tax doesn't apply for the first £1m.

#sunak #uk #tory #theft #inheritance #Homelessness

scaramanga,
@scaramanga@union.place avatar

If your estate is worth £1,000,001 you are paying 40p in tax.

If your house, contents, and jewellery is worth £1,000,001 and you have a £10m farm and a £50m business, you still pay 40p since farms and businesses are exempt.

If you live in a 4bd townhouse in oxford gardens worth £2m, you pay £400k, your kids would have to downsize to a 2bd townhouse in Islington and have £600k cash left over to stuff their pillows.

#sunak #uk #tory #theft #inheritance #Homelessness

https://www.rightmove.co.uk/properties/136714700#/?channel=RES_BUY

scaramanga,
@scaramanga@union.place avatar

I wonder why this is such an unpopular tax, given that almost nobody in the country actually pays it. Could it be something to do with the fact that newspaper and TV station owners pay it?

And they pay it the moment they hand over their horde of gold to their layabout children so they can unfairly get access to opportunities denied to your children...

Gold that they acquired by misleading us about who benefits from the policies they support.

#sunak #uk #tory #theft #inheritance #Homelessness

scaramanga,
@scaramanga@union.place avatar

If newspapers objectively reported the facts they would have to say:

"Sunak plans £7Bn a year cash giveaway bonanza to the wealthiest 4% of families."

"Half of it is going to the richest 1% of the population with estates worth over £2.1m"

"Move is set to be a hit with core Tory base as well as other members of the public who (thanks to us) are not well informed about how costly and damaging this attack on their wellbeing is."

#sunak #uk #tory #theft #inheritance #Homelessness

haritulsidas, to random
@haritulsidas@masto.ai avatar

You inherited your mitochondria, the powerhouses of your cells, only from your mother. This is because your father’s sperm cells have no intact mitochondrial DNA, or mtDNA, before fertilization. This maternal inheritance of mtDNA could affect your health and aging, as well as your fertility.

#Mitochondria #DNA #Inheritance

https://www.sciencealert.com/amazing-discovery-reveals-why-you-didnt-get-your-dads-mitochondria?utm_source=flipboard&utm_content=HariTulsidas%2Fmagazine%2FBIOLOGY

piper, to random

unless you absolutely hate your birth family and want to make their lives really difficult - get your affairs in order.
Pre-pay your funeral if you can, or make sure the insurance has the authority to directly pay out the undertaker.

Because to sort out the mess without a will, relying on the legal system alone, it is a nightmare for those left behind.
Especially if they live in another country.

#WriteAWill #Inheritance #Funeral

penguin42, to Electronics
@penguin42@mastodon.org.uk avatar

Unlabelled box #n - I'm slowly going through stacks of unlabelled randomly wired together boxes in my dads shack; this looks like a simple 12v PSU for the other random boxes. Though there's an SCR and relay(?) in there - so I suspect that's something like a startup-delay on the output.
(There's also unregulated ~18v AC, and 24v DC on an 8 pin)
#inheritance #electronics

schizanon, to CSS

in is like in .

It sounds like a good idea at first, but it often causes more problems than it solves.

Inheritance in leads to brittle hierarchies that are risky to change and hard to understand.

The CSS leads to the same problems.

sgirlprivacy, to random
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