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#inheritance

1 post1 participant0 posts today
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Martin Holland

Learn something every day! This is so interesting, I did not know this 👇🏼

"In many Aegean islands, the soil lacks fertility, making it challenging for families to rely solely on agriculture. Consequently, trade and shipping emerged as crucial avenues for income among the islanders. The commercial exchanges between #Greece and other nations, coupled with a significant exodus of men from the Greek islands to work on ships, resulted in a notable shift in land #inheritance dynamics. Typically, land ownership passed to #women, as their permanent presence was seen as a safeguard for its integrity, and ownership of land served as a dowry."
https://newlinesmag.com/photo-essays/in-a-greek-village-one-of-europes-last-matriarchal-societies-is-near-death/ #matriarchy #patriarchy
New Lines Magazine · In a Greek Village, One of Europe’s Last Matriarchal Societies Is Near DeathUnderdevelopment, dwindling resources and mass migration have weakened Olympos, on the Aegean island of Karpathos
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Emeritus Prof Christopher May

The issue of 'fiscal drag' (income tax thresholds not keeping up with average wage rises & thereby moving more people into higher tax brackets) would also seem to be having an effect on inheritance tax.... but here we might want to argue that unlike income tax where fiscal drag seems to be non-progressive (by requiring the lower, but still well paid, to pay more tax), any fiscal drag in IHT might be seen as a reasonable response to the UK's problem with wealth inequality?

Chart: Growing burden: UK inheritance tax receipts (£bn) shows rise from under £4bn in 2013/4 to over £7bn in 2023/24, a near doubling in a decade!
#inheritance#tax
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Emeritus Prof Christopher May

Hmmm.... some leading supermarkets have come out in support of the National Farmers' Union demand that changes in inheritance tax as they effect farmers should be pause while the impact of implementation is assessed.

Now, the Q. is: is this good faith support, or a bit of distraction politics to lead farmers' supporters away from continuing problem with supermarkets domination of the food system & their aggressive treatment of their supplies?

Just asking....

#farmers#inheritance#food
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