HitchinSeagull
Active member
- Aug 9, 2012
- 414
I have to admit Im confused, why should prudence be punished? My mother was a teacher and my father earned a quarter of her wage, yet we went without in order for them to buy a house.I'll put my hand up - I am very much in favour of huge inheritance tax introductions and it is for that exact reason. I am aware it is very much the politics of envy but I don't think that makes it void. I am a public sector worker who earns a nice salary but nothing exciting. My wife's parents own a house worth about £150k up north and she is one of 6, and my parents do not own property. We are lucky enough to have saved up enough deposit buy a small house, however it is very small and we'll never be able to upgrade, as the mortgage is a stretch as it is for us - salaries are unlikely to increase (apart from with inflation if we're lucky) and to be honest interest rates will probably rise substantially at some point between now and the mortage being paid off (when we are 65). However the majority of people I work with live in bigger houses, in nicer areas, and are paying way less on their mortgage each month - purely because their parents have helped them out.
I get the arguments for inheritance - i.e. the prospect of handing down property is a huge motivator for people to work hard, and particularly the sentimental issue over family homes etc. But it's a strange society when people can achieve the same qualifications, do the same job to the same standard, and yet have such different standards of living to their co-workers due to the fortune of how successful and prudent their parents were.
And yes, I am a completely jealous *******.
Early on in working I worked in Worthing on a site, I worked with 4 other guys who were all digging foundations, they earnt 3-4 times my wage yet all were living in social housing while I was sharing with 5 others in a house and had no chance of social housing. The 4 other guys genuinely spent their excess disposable income on drinking, cocaine and prostitutes before going back up north for the weekend. Theres privilege in many ways and not just for the rich.
As for private schools the truth is its not about where you went to school but who you know, that wouldnt end, the elitism would remain. Momentum seem quite elitist in their way
P.S. I've never voted anything but labour and greatly support social housing but all systems are prone to abuse.
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