David Blunkett wants a death tax.

More to the point - Why should the government cash in from the hard work that people put in to leave there families in a good postition for life. People have been paying to the governement all thier lives so why is there a need to take more from people.
 
What's the problem? The ones who inherit pay the tax, which seems fair to me as inheritance is a one time income boost (like a big bonus) and it should be taxed accordingly.
 
cheesyboy said:
Because we all pay taxes on money we earn.

Why is is disgusting?
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You've paid tax for it already (most probably in more ways then one) and this is just another way to steal even more from you. Can't really expect much more from Labour.
 
OldCoals said:
We have worked hard, made decisions to provide for our future and that of our daughter, why do you think it is acceptable to be punished for being responsible?
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We all need to realise that the social care for an ageing population is a burden we all must shoulder.

If you are responsible, as you say, then you'd plan to cover the costs. The state gets money towards the social care bill, your daughter gets to inherit a nice house and whatever other assets you leave her.

This thread smells like all many others where people think they should be exempt from social obligations because of some selfish belief based of their position of privilege.
 
Cosimo said:
You've paid tax for it already (most probably in more ways then one) and this is just another way to steal even more from you. Can't really expect much more from Labour.
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You didn't pay tax for it, your parents did. By your logic, an employee shouldn't pay income taxes as the employer pays taxes as well.
 
Zethor said:
You didn't pay tax for it, your parents did. By your logic, an employee shouldn't pay income taxes as the employer pays taxes as well.
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You mean both my employer and I pay our own taxes on the same money? :mad:

That's disgusting.
 
Its one of the more sensible ways of stopping the build up of vast wealth, unfortunately, but it needs to be very strongly worded so that people can't dodge it.
 
Social care for the elderly is incredibly expensive and the burden on the state is only going to grow.

We're going to have to find new ways to fund it and none of the options are going to be particularly nice.
 
You have paid taxes on everything throughout life. You as a parent want the best for your kids. Some people work their nuts off so their children can have better, sometimes for that time they do die...

I find inheritance tax close to the mark, this is disgusting.

South East is mentioned, where I live.. We are hardly rich. Yes we don't go without, but a far cry from rich.

Dad's house is probably about £800k. Add up everything we may reach a million of assets and cash. We hardly have the life of 'millionaires'. Virtually none of it is liquid.

But say this passes and my parents have a £1m of assests. Our inheritence bill will be £270k plus another £80k for the house. £350k gone.

All because my dad worked his nuts off for 40 years to give us more...

On the social care issue, my Grandad is currently in a home. Alzheimer's. Close to £1k a week as he needs special care. We sold his house to pay for it, and we aren't allowed state help apparently once that has gone in ~4 years time...

Wouldn't mind these taxes so much if we could benefit from them...
 
Zethor said:
You didn't pay tax for it, your parents did. By your logic, an employee shouldn't pay income taxes as the employer pays taxes as well.
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Lol, that's quite a stretch.

In my eyes they are just going for the easy target (the public) AGAIN.

Tunney said:
Social care for the elderly is incredibly expensive and the burden on the state is only going to grow.

We're going to have to find new ways to fund it and none of the options are going to be particularly nice.
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Well how about we start with pruning the thousands of useless public sector jobs/streamlining processes in the public sector, I mean the burden for elderly care is only going to grow and the ways of funding it aren't going to be particularly nice.
 
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It's David Blunkett, he's a **** of the highest order. He's responsible for kicking off Labours love of the surveillance culture by putting CCTV practically on every street corner
 
I can see why he has said that but all it would most likely is impact on the working middle-class and working lower-class who are attempting to strive to further their offsprings lot. All that would happen would be the wealthy would just rent their own properties and hold the investment in a company so the taxman never got a look in. This would actually impact the very people he wants to protect. What he needs to be looking at is why people need to pass on wealth ie because their offspring are priced out of a property market by an elite of domestic and foreign investors who have used various supported means and government initiatives to build up portfolios at the tax payers expense. This was rampant during Labour' terms, facilitated by the current administration and a product of Thatcher's sale of social housing without providing any replacement.
 
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