> The minister, who was raised in a staunchly communist household, said she had been unable to follow her own dreams of becoming an employment inspector because there was not enough money for her to spend years studying.
Spanish minister proposes €20k ‘universal inheritance’ from age of 18
41–50 of 76 posts
Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18
#42I think its election season in Spain.
i wonder how those kinds of proposals are even legal. It's litteraly the equivalent of buying votes.
Hardly, if you want to win elections you pander to the older generations. Being popular among 18 year-olds isn't politically interesting at all.
Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18
#43Are there enough rich people in Spain to redistribute and give everyone aged 18+ €20k?
No. And every spanish is in 35,000 eur debt.
Private debt is actually around $90k per inhabitant. But somehow this figure (private debt being more than 200% of GDP) is generally overlooked in favor of discussion about public debt…
Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18
#44I think that would be a great idea. Except that I would put the age of receiving that inheritance at about 30. It's one of the ironies of life that when you are young you have time but no money, and when you are old you have money and no time. Think how great it would be if you got that money while you were still young enough to use it, and old enough to use it wisely.
As a spanish who pays 47% PIT and a ton more taxes including 21% VAT, tax for having a property (only one!) and that I see how much money is wasted on top of a 113% official GDP debt... and I can tell you tjat to pay what I pay you do not need to make even 80,000 eur/year. Who do you propose it should pay those 20,000? This woman, who talks to people as if they were 10 yo or less, said "the rich people". Do you know…
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Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18
#45Gamble on La Liga, and when you are bankrupt, go apply for welfare, because you are now poor.
Or we could just ban the very agressive ads for gambling targetting the poorest instead of blaming people for falling to psy-ops…
Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18
#46I think that would be a great idea. Except that I would put the age of receiving that inheritance at about 30. It's one of the ironies of life that when you are young you have time but no money, and when you are old you have money and no time. Think how great it would be if you got that money while you were still young enough to use it, and old enough to use it wisely.
As a spanish who pays 47% PIT and a ton more taxes including 21% VAT, tax for having a property (only one!) and that I see how much money is wasted on top of a 113% official GDP debt... and I can tell you tjat to pay what I pay you do not need to make even 80,000 eur/year. Who do you propose it should pay those 20,000? This woman, who talks to people as if they were 10 yo or less, said "the rich people". Do you know…
Eres us spaniard no un spanish. No sé porque pero el inglés no es racional.
Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18
#47Are there enough rich people in Spain to redistribute and give everyone aged 18+ €20k?
And let's not forget that Spain is already taxing the rich like crazy. As in: insane crazy. In quite some Spanish regions (not in Madrid, where the tax exists technically but is reduced by 100% so far) there's a yearly tax on wealth that can go as high as 3.5% of your entire net worth. To be paid. Yearly.
You're worth more than 1.3m? Anything above that is already taxed at 1.3 to 1.6% yearly. You're really rich? Be ready to gift 3.5% of your wealth yearly to the spanish state.
There's one million millionaire in Spain, already taxed like mad. I don't know if they could be taxed even more to give that 20K bonus.
One million millionaire to give 20 K to how many million of people? There are, what, about one million people turning 18 each year in Spain? (quick ballpark computation, one official source seems to say its closer to 500 K people turning 18 each year).
So let's take 500 K people turning 18 each year and one million millionaire. This means taking 10 K EUR, yearly, from each millionaire, to hand over to the 18 years old.
Sounds a bit unrealistic to me but then I'm not a politician begging for votes in the upcoming spanish elections.
Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18
#48I think that would be a great idea. Except that I would put the age of receiving that inheritance at about 30. It's one of the ironies of life that when you are young you have time but no money, and when you are old you have money and no time. Think how great it would be if you got that money while you were still young enough to use it, and old enough to use it wisely.
As a spanish who pays 47% PIT and a ton more taxes including 21% VAT, tax for having a property (only one!) and that I see how much money is wasted on top of a 113% official GDP debt... and I can tell you tjat to pay what I pay you do not need to make even 80,000 eur/year. Who do you propose it should pay those 20,000? This woman, who talks to people as if they were 10 yo or less, said "the rich people". Do you know…
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Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18
#49This is an awesome idea. There should be universal baby bonds that pay half at 30 and half at 40
Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18
#50Earlier quoted context omitted.
The problem is, many people would just take a 10-year loan at 20 since they know they’ll receive the €20K at 30. There’ll be a whole industry springing up around that.
It's almost like stimulus doesn't really work.
If stimulus is people spending their money in the marketplace to meet their needs, I'd say it works quite well