Exactly... People like to paint this stuff as a tax on the ****less posh rich southern CEOs who do 2 hours on the golf course per day and want to leave Gemma and Tarquin with a mansion, yacht and selection of porches each. It's not quite so palatable if you're talking about a family who has pulled together and had "working class" parents work 16 hour shifts with some real hardship going without holidays and luxuries since leaving school to build a secure future for their family, standing on their own two feet without having to turn to the state for support.
David Blunkett wants a death tax.
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Thread should have ended here. Perfect analogy! haha
I completely agree with this
A happy and secure future for your kids/grandkids is more than meaningful enough. Yes.
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It gets turned into a crèche for hermaphrodite albino unicycling ex-Jihadis with substance abuse problems of course.
And even thinking about questioning this clearly shows you are a Fascist Racist Privileged Oppressor.
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Blunkett looks like a complete sociopath. He just has those sociopath eyes.
I like how they flippantly think they can just reallocate a generations inheritance at the whim of some self righteous bureaucrat. If it is that simple? they can just sit there and say to me that the wealth my mother inherited from her mother and put in to her own house and pass on to me is now up for redistribution because poor people?
I like how they flippantly think they can just reallocate a generations inheritance at the whim of some self righteous bureaucrat. If it is that simple? they can just sit there and say to me that the wealth my mother inherited from her mother and put in to her own house and pass on to me is now up for redistribution because poor people?
That's the sort of conclusion one would reach if he were too stupid to be able to take a wider view of the world.
I, for one, am doing plenty well enough, thank you. But would happily forgo much of my own inheritance and the ability to pass on to my children (I have 2) to see a more meritocratic system in place.
I don't think it would really. Arguments should stand up on their own, knowing people's circumstances would just encourage more ad hominem attacks.
But if you are interested, my personal circumstances: I'm a higher taxpayer, I own an apartment in London (with mortgage), I have private healthcare, I barely use the NHS, I've never been on benefits... not sure what else is relevant.
I'd be generally for inheritance/death taxes. Actually generally I'm for asset taxes over income taxes, I think it makes more sense to tax people once they're wealthy rather than their income when they're trying to become wealthy.
So by saving up, buying my house paying my bills and putting some money by for my son and then giving it to him when I die so he doesnt become a burden on the state, and can afford to keep his family from being a burden on the state etc.
Thats deserving of him paying a great big wedge of tax on it so somebody else, who hasnt taken the time and made the sacrifices to do those things, can have the benefit from my labour? (as well as already having the benefit of my taxes while i was alive).
Mind you, its David Blunkett, the man is a ****ing idiot.
Thats deserving of him paying a great big wedge of tax on it so somebody else, who hasnt taken the time and made the sacrifices to do those things, can have the benefit from my labour? (as well as already having the benefit of my taxes while i was alive).
Mind you, its David Blunkett, the man is a ****ing idiot.
Just give it all to charity surely?
Please feel free to do so - absolutely no reason for you not to make arrangements in your will to leave money and resources to many worth causes including your local NHS trust. I have to be honest, if you're saying that if you inherit (lets say) £100k from your parents you're going to voluntarily hand £50k of that over to the state in addition to any mandatory requirements then you're a better man than I.
From your children's point of view is that's something you've made arrangements for as part of your and your partners wills? If so how did you work out a fair and equitable way to do so whilst still providing for your families future? It's an interesting idea to do something for the greater good on a voluntary basis when you have some say in where the money goes rather than "to the government".
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I really hope this was a joke.
Meh life ain't fair deal with it, being jealous because someone was born into a bit of money is really primitive thinking.
The main thing we need to ensure is that there are ways for people to rise out of poverty if they are prepared to put the effort in.
The main thing we need to ensure is that there are ways for people to rise out of poverty if they are prepared to put the effort in.
So basically, two more "deserving" kids could come, prove their worth and need is greater, and take your kids inheritance and you'd be fine with that?
It's just not workable though? No tax from income, instead inheritence / death tax? People would just spend everything. Poor will remain poor.
I'm a homeowner, drive a new Merc, earn well above the national average and my parents are moving into a new home next month that they are buying mortgage-free
If that was the reasoning behind his announcement, then it would be a bit more paletable.
But Blunkett is old school socialist, this is a cynical cash grab and attack on anyone with a bit of cash to appeal to the poor to get off their arse and vote for labour.
If he actually had any morals and convictions you could take the man seriously.
That's the problem with you right wingers; you're not very clever - just read the words without thinking about the meaning
I said I would happily see it as part of a more meritocratic system. i.e. one in which children all start from a more equal financial platform, at least insofar as IHT goes.
In the current system, where advantage is held by those with familial wealth, I wouldn't deliberately hamstring my kids.
But I'm not so arrogant as to believe that my actions don't mean my children gain an unfair advantage over some less fortunates.