It does however leave people in a difficult situation where they may delay going in to residential care until as late as possible even if this isn't the best thing for them.
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It does however leave people in a difficult situation where they may delay going in to residential care until as late as possible even if this isn't the best thing for them.
The issue with the "Dementia Tax" as it has been dubbed, is that it breaks the social contract.
The basis of all our health care provision is that we all pay something into the system, via taxation, and then if you are unfortunate enough to require the help it is provided free at use.
Labour were vilified before with their "Death Tax" which was a 15% levy against your assets on death by all of us to pay for social care, which I think is a much better way of doing it, rather than now making the people unfortunate enough to lose the health lottery and develop some of these long term degenerative diseases potentially lose all their assets above 100,000.
The basis of all our health care provision is that we all pay something into the system, via taxation, and then if you are unfortunate enough to require the help it is provided free at use.
Labour were vilified before with their "Death Tax" which was a 15% levy against your assets on death by all of us to pay for social care, which I think is a much better way of doing it, rather than now making the people unfortunate enough to lose the health lottery and develop some of these long term degenerative diseases potentially lose all their assets above 100,000.
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Frankly this health lotto you speak of, I would like to see, for my own personal benefit, some form of euthanasia, so I get to end stage dementia, put me down, so I no longer cost my family anything.
I don't want to live like that, I'm not the person I was, might inhabit that body, but I am not that person, I am no one I recognise or my family recognises.
End it.
Yea, it costs something like £30,000 per year to look after someone with dementia. I'm in favour of euthanasia, i'd like that option if i get dementia.
Yes, we probably should legalise assisted suicide, i'm sure we could put enough safe guards in place to ensure old relatives aren't being bumped off by families because they are a burden.
The problem with dementia issues, is you would need to write it into your will now, while healthy, that at some threshold of dementia you want to be killed, as you wouldn't have the mental capacity to do it once you're at that point.
The problem with dementia issues, is you would need to write it into your will now, while healthy, that at some threshold of dementia you want to be killed, as you wouldn't have the mental capacity to do it once you're at that point.
With MRI scans and technology, i'm sure a threshold could be established quite easily. Safeguarding would a tricky issue but it wouldn't so hard that it couldn't be done. Holland, Switzerland, Belgium, Germany, Japan and Luxembourg all do it.
And we have established that Trusty is not a neuroscientist. Might be possible, but I highly doubt it would be easy and it would far more likely done with psychological assessment and standardised forms than MRI scans!
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Living off in what way?
Have they magically been melting the bricks and changing those into cash?
I buy house, I live in house, no matter the value of that property and how it changes, it doesn't make me any money while I remain in it, it costs me money, rates and maintenance, not makes money.
I can't 'live off' an asset I live in.
There is literally zero chance of this happening with Theresa "Vicars Daughter" May in charge
The other point to make on this front is that a significant inheritance tax is progressive in its impact. Everyone can leave a percentage of their estate to somebody. Under the proposed scheme, that's only possible if you don't need care, or you've amassed enough wealth to have something left over after your care costs have been paid.
Or, to put it another way, inherited wealth becomes the domain of the healthy and the wealthy.
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The very wealthy seem to create trusts for such things anyway, which avoids all this mess, but then they won't be taking advantage of govt based social care anyway.
Soldato
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Remortgaging (particularly for the purposes of BTL) and equity release was all the rage before the financial crisis.
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National Institute for Health and Care Excellence recommends using a MRI.
An MRI scan can provide detailed information about the blood vessel damage that occurs, plus any shrinking of the brain, not my words, off the NHS. What's more accurate, MRI or psychological testing? That's if you'd want a rigorous test, no? Not saying psychological assessment wouldn't be used, but MRI is more accurate. Stop being a shaft
Not just they won't be using it, but they'll be paying for millions of people's care as well.
Yes it's not a tax on the rich, it's a tax on normal working people. As usual.
Nothing says selfish like expecting others to cover your costs.
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Pensioners remortgaging prior to financial crash to live of the equity profit?
Pensioners who have no employment remortgaging?
What vast amount of the potential pensioner market do you actually think is living currently off the equity in their property as stacked against the mortgage they own upon the property?
BTL is nothing to do with the home you live in.
You are talking about something completely different.
We're not talking about MP's expenses just now though...
Tim Farron is saying "dementia tax... will become her version of the poll tax".
http://news.sky.com/story/tory-social-care-plans-theresa-mays-poll-tax-warns-tim-farron-10886756
I absolutely think they have seriously miscalculated here.
People really need to take off the blinkers and stop see defending the rich/inequality. Some light reading to start you off.
Trade Union? Isn't the gini coefficient a better way?
Btw, i'm not saying income equality isn't important, but this idea that people that become wealthy are at fault for all the social problems is just ridiculous. As we all know, the top 5% account for 45% of the government coffers, something like that anyway, proper mad. Certainly can't accuse them of not paying their way.
For example, lets say the NHS was like the US system, how would that affect people? People would be begging the rich to come back
Btw, i'm not saying income equality isn't important, but this idea that people that become wealthy are at fault for all the social problems is just ridiculous. As we all know, the top 5% account for 45% of the government coffers, something like that anyway, proper mad. Certainly can't accuse them of not paying their way.
For example, lets say the NHS was like the US system, how would that affect people? People would be begging the rich to come back
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