“Inheritance Tax Unfairly Punishes Me For Having Rich Parents”
AS part of WWN’s Opinions series, we give a platform to people we really shouldn’t. This week, it’s the turn of Michael Preston who is part of an action group trying to get Ireland’s unjust inheritance tax scrapped or at the very least have the threshold raised which is gaining support for the coalition parties.
“My old pair are loaded, and somehow that’s the government’s business? Having rich parents is as much an accident of birth as is being born into poverty.
Irish bleeding hearts are always harping on in the papers about how prejudice of working class groups is harmful and unfair. Same goes for a lad like me who didn’t ask for a 2024 Range Rover Defender for his birthday but still got one.
To call it ‘Inheritance Tax’ is an insult anyway, it should be called Wealth Terrorism. Do you know how much worry and panic inheritance tax causes my parents and their solicitors?
€335,000 is the maximum you can get from a parent, tax free, which is frankly a fucking financial disgrace of epic proportions that makes the 2008 crash look like throwing away a can without claiming your 15 cent Return refund.
Now those that know will say but Michael your parents remarried and you have two step-parents, therefore you stand to inherit four separate €335,000 tranches from the sales of their four houses. And quick maths says that’s none of the tax man’s fucking business.
Vexatious, vindictive, villainous and other v-words I can’t think of now.
And before any socialists give out, I genuine believe in wealth being transferred to people, specifically from me to my parents.
Some psychos (looking at you Mary Loola and Sinn Insane) think the tax-free amount should be lowered but what poor people don’t understand is that €335,000 is not a lot of money. Sure what would it buy you now?
A two-bed apartment in Dublin with an annual rent yield of €28,8000 which over a 30 year period is €864,000 and whatever you sell the apartment for after? In what fucking world does that contribute to some sort of passive, inequality-driving, wealth class?”