O/T:- Trump Presidency 2.0 [hic sunt dracones]

[Med Pie]

I 100% understand the notion of wanting to leave stuff to your kids. At the end of the of the day though, the vast majority of inherited wealth is unearned property wealth, a happy co-incidence of being able to buy a house at a good time and sitting back watching its value grow. I got on the ladder aged 27 with a 110% mortgage. Many young people will now never be in that situation, at least partially due to housing being concentrated in ever fewer hands, and inherited wealth reinforces that inequality.

Inheritance tax is deeply unpopular, even amongst people whose estate will never pay any, but it?’s interesting that even after 14 years the Tories never got rid of it. The current system certainly needs reforming, but it?’s a very fair method of redistributing wealth.

This fixation with owning property is relatively recent, very few, working class people owned property when I was growing up, in fact, I can only think of two, of my contemporaries whose parents owned their house. When I bought my first house, I was paying 15% interest on the loan so it wasn't as easy as some of you seem to think it was.

Many people only got on the property ladder when Thatcher started giving council houses away for almost nothing, depending on how long you'd lived there.

One of the reasons for the crazy rise in house prices, is the massive, increase in population which hasn't been matched by house building. The fact that some people were lucky enough to have been alive when opportunity knocked, seems to be a constant source of revulsion and jealousy to some here.