Do you think that those who will get to write down their mortgages and keep their homes should be allowed to take the full benefit of their family inheritances while the taxpayer gets stiffed?
This is exactly what will happen in Ireland once debts are written down. The notion of debt relief for on mortgages also transfers the cost to taxpayers at the same time leaving people to benefit form family inheritances just a short while after getting debt relief.
Fianna Fáil want to dish out Mortgage debt relief in their new bill by simply confiscating the assets of banks (that you own) and giving them to borrowers who cannot pay their mortgages.
I can't find any mention of them being liable to make good to the taxpayer form their inheritances!
The Wealthier your parents the more likely you are to benefit form an inheritance.
Fianna Fáil want to override Banks veto on mortgage debt forgiveness which would generate massive additional bills for the taxpayer.
This is populism and vote buying gone mad!
Why should people who get mortgage debt relief funded by the taxpayer be allowed wolf down their inheritances without repaying the tax payer's banks with interest!
Does the Constitution not protect the Bank's property rights?