#bankofmumanddad — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #bankofmumanddad, aggregated by home.social.
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A$38.1 billion Gina
"The court ruling in Gina Rinehart’s mining dispute reveals a lot about the nation’s inherited wealth. And for the past 20 years or more, she has been fighting her own children in a series of court cases that are still continuing."
"Such disputes over massive inheritances are exactly what would be expected in the “patrimonial” society described by economist Thomas Piketty in his book Capital, a big hit a decade ago. This refers to a society where wealth and social position are dominated by inherited capital, not earned income." >>
https://theconversation.com/the-court-ruling-in-gina-rineharts-mining-dispute-reveals-a-lot-about-the-nations-inherited-wealth-280721#UltraWealthy #wealth #inequality #inheritances #EarnedIncome #wages #BankofMumAndDad #WealthTax #family #extractivism
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How Australia’s lax property tax has created a class system https://www.byteseu.com/1831415/ #Australia #BankOfMumAndDad #CapitalGainsDiscount #HomeOwners #HousePrices #InvestmentProperty #JohnHoward #PropertyPrices #PropertyTax #RealEstate #WealthInequality
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Housing supply without controlling demand suggests National Housing Accord won’t fix affordability
Australia’s national…
#NewsBeep #News #Business #Apartments #AU #Australia #BankofMumandDad #capitalgainstaxdiscount #firsthomebuyers #Foreignstudents #highdensity #houseprices #housingaffordability #housingmarket #housingsupply #Immigration #interestrates #migrants #nationalhousingaccord #negativegearing #RBA #RealEstate #ReserveBank #townplanning #UrbanDensity
https://www.newsbeep.com/au/192104/ -
Bank of Mum and Dad: why we all now live in an ‘inheritocracy’ | Parents and parenting | The Guardian
https://www.theguardian.com/lifeandstyle/2024/nov/17/bank-of-mum-and-dad-why-we-all-now-live-in-an-inheritocracy -
'Over a third of #FirstTimeBuyers relying on ‘#BankOfMumAndDad’
#Tories accused of deserting those without financial support, as proportion relying on help with deposits rises from 27% to 37% in a year'
https://www.theguardian.com/society/2024/mar/16/over-a-third-of-first-time-buyers-relying-on-bank-of-mum-and-dad
#ToryPoliciesInAction #Housing #ForTheRichNotTheMany