Lux might introduce inheritance tax to “bridge the gap between rich and poor”. Isn’t it better to make the poor richer, than to make the richer poorer? thoughts?
Lux might introduce inheritance tax to “bridge the gap between rich and poor”. Isn’t it better to make the poor richer, than to make the richer poorer? thoughts?
16 comments
Nope I don’t want to give what I took a life to achive to the state. My legacy should go to my familly, entirely.
If you want to tax the rich do it while they live.
I’ve the feeling that the only gap which will be filled is the one between our wallet and the government. Unless you’re independently rich, you will be forced to sell your parents house in which you lived all your life. It’s not enough to loose family, let’s loose the house at the same time.
If a new tax is voted, I hope that they exclude the primary residence at least.
Eng Reform vun der Ierfschaftssteier wier fir d’DP, Zitat Paulette Lenert “keng Prioritéit”.
This is too vague. How much, possible exemptions, how it is used, etc. change everything.
Also, LSAP, noting that down for next year.
Perhaps Lenert should be less concerned about introducing IHT and being PM and more with fixing the mess with the health service… to have a pediatric problem at CHdN is unfortunate, to then have a cardiologist problem is unforgivable.
Can’t see this happening tbh. Seems like political suicide.
Besides, those who are actually rich will find a way around it while the ones getting shafted will be, like always, the middle class.
Will the Grand Duke be exempt, like the Royal family in Britain?
So currently I work 60-80h weeks, basically two jobs and get taxed above 40% while I have to pay absolutely no taxes on my inheritance, which I didn’t bent a finger for. I’d gladly pay higher taxes on inheritance if we manage to find something in-between that is fair for everyone.
The inheritance tax could help fill our pension funds which are running out, maybe also help to reduce the 7% frais d ‘inscription on homes for people who actually want to live in.
There is certainly a lot of potential, but I fear it’s just going to be wasted by incompetent politicians.
Inheritanc tax on real estate properties will have the effect to diminush family homeownership and would favour corporate ownership. Which is exactly the opposite of what they claim to reach wich such proposal. It feels like a mix of ignorance and bad faith to me, especially considering the big efforts the avarage homeowner has to face while paying decades of mortage.
Inheritance tax hurts the middle class. Anyone rich puts their money in trust/business asset. They don’t “own” their money, their trust/business does.
Inheritance tax should be very close to 100%. That’s a baby step, but still a good move.
That question is an oxymoron. To be able to give more to the poor, you first need to get the money from somewhere, therefor the taxes.
What this does is removes the family dynasties from owning everything. This also opens up opportunities for those who work hard. Do you think some of the wealthy kids in Luxembourg are working hard to build a life? No they are hanging out in Nice, driving Ferraris.
Well, that’s one of those big subject where quite a lot of economist agree on the fact that the current inheritance system just helps to perpetuate inequality and there might be some easy room for improvement there. My guess is that most politicians are also aware of that but will not dare to go on that front. Complete political suicide …
I personally would be fine for some changes to be frank even though I will inherit 0 from my parents but have already built something which could be passed on to my kids.
I feel your question represent perfectly the actual issue on those topics where the facts and actual figure don’t matter much. People’s opinion on that mostly come from their gut (like gay mariage, euthanasia, universal revenue etc …), therefore I do not expect much change as it would require strong politicians to pass such law and most importantly some kind of coordination at the EU level at the very least to avoid having a massive exodus of rich people or the creation of yet another fancy tax avoiding scheme somewhere.
Wait… does that mean that the low middle class that struggled, like my father who was barely able to buy a piece of land and who had to literally build his whole house with his own two hands from the ground up to the roof to provide for his family and to have something left for his kids when he passes, are not even going to be able to leave their kids what they worked so hard for?
My father lives like the poorest man in the world, despite our efforts to tell him to finally enjoy his retirement and to do and buy whatever he wants, and the reward for him is that he’ll live with the fact that if he is to pass, all his efforts are going to mostly benefit the state while everyone before him could leave everything to their kids?
Maybe now we can convince him to spend his money as he sees fit and enjoy his life.
But if that’s what this is about, this isn’t about the rich being rich, it’s about making sure that the poor stay poor. Business as usual I guess.
uh, only if it only applies to inheritances of multiple properties and raw cash over like 500k. my parents had the dumb idea of getting 3 children and getting a place to live for everyone is pretty tight despite both of them having had good government jobs.