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Spanish minister proposes €20k ‘universal inheritance’ from age of 18

theguardian.com

51–60 of 76 posts

Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18

#51

Earlier quoted context omitted.

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.

"as a spanish person" would have worked.

Basically - spanish isn't a noun it's an adjective, it describes a property of a noun (ex: Spanish language, Spanish Car, Spanish food, Spanish person etc...).

The oddity is that we also treat "spanish" as the proper name of a language. So "Speaking spanish" and "Speaking the spanish language" are interchangeable.

But no disagreement at all that english isn't rational.

As an aside, it's a perfectly understandable comment, it just identifies the person as non-native english speaking.

Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18

#52

I 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.

There's no guarantee you'll be wise enough when you're thirty. Better idea: give them a couple grand at eighteen so they learn an early life lesson about windfalls, then give them the rest at thirty.

Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18

#53
post #50

Earlier quoted context omitted.

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

> their money

Broke people immediately spending the money they got from the government... That's everyone else's money.

Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18

#54
It's time to invest in venues offering lavish coming-of-age parties!

Seriously, giving 18yo a lump sum in cash is maybe not the best idea, they should give this out as a non-transferable share in a state wealth fund (backed by some percentage ownership of the nation's companies), rather than cash.

ie a universal basic equity.

Rules could allow people who want to start a business etc to borrow against it.

Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18

#56

Are there enough rich people in Spain to redistribute and give everyone aged 18+ €20k?

No.

This is middle class taxing. There's never enough rich people to fund these kind of initiatives, and specially not in Spain.

Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18

#57

> 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.

BS

> Díaz graduated with a licentiate degree in Law from the University of Santiago de Compostela (USC),[5][6] and later earned three post-graduate degrees. Upon concluding her studies, she commenced working as a paralegal for a law firm. Later, she registered as an attorney at law and opened her own law firm, which specialised in labour law.[5]

Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18

#58

Earlier quoted context omitted.

Well, if just counting all the billionaires [1], they have a total net worth of ~135 billion, and there's currently ~47MM people in Spain [2], so if you sent out the stormtroopers and forcefully confiscated every last penny of net worth from all the billionaires, and redistributed it equally, each person would get a one-time payment of ~2,800. I'd theorize that the resulting destruction to the economy/country in the…

> I'd theorize that the resulting destruction to the economy/country in the process would probably ultimately wipe more wealth from the people than 2,800 per person I wonder if you wouldn't mind expanding on this idea more. While I'm not saying I agree with the notion of redistributing wealth in the way you describe, I am skeptical of the "destruction" part. What does that look like to you, and why would it lead to t…

> I am skeptical of the "destruction" part

you only need to look in the past to see how collectivization in communist countries have fared to see what sort of results could be expected when you confiscate wealth from people.

Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18

#59
And meanwhile everybody from 18 to 30+ that lives paycheck to paycheck, without a possibility of getting into a mortgage, without being financially stable enough to become parents, get nothing.

Also, "everybody" will get 20k? Even people that are rich? What is the reasoning behind that?

Too many edges to sand down in this proposal.

Re: Spanish minister proposes €20k ‘universal inheritance’ from age of 18

#60

And meanwhile everybody from 18 to 30+ that lives paycheck to paycheck, without a possibility of getting into a mortgage, without being financially stable enough to become parents, get nothing. Also, "everybody" will get 20k? Even people that are rich? What is the reasoning behind that? Too many edges to sand down in this proposal.

Whole UBI idea is just for make citizens more dependent on state rather than free market. Capitalism vs socialism.
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