Inheritance Tax

[Tonge moor green jacket]

1 hour ago, Spider said:

Morally, it’s fine.

If you are happy to exist within a system that allows you to create vast wealth, then you cannot complain when that same system wants some back at the end.

Capitalism eh?

Can’t have it all ways I’m afraid.

The same system that already takes plenty throughout your life?

Plenty of places to go if capitalism is your enemy.

You won't have much in your pocket in your life (unless you're in league with the top characters), maybe have little access to services, or food and water, or freedom of expression etc etc.

But if that suits, then this old free country will let you go. 

Oh, and red wine availability may be very low, or even illegal.

[Lt. Aldo Raine]

24 minutes ago, Tonge moor green jacket said:

Giving the next generation who may not be as well off a leg up?

Simply doing what is right?

I'm sure the children of people who own estates large enough to meet the threshold will have had more than a leg up during their lifetime

[Spider]

49 minutes ago, Tonge moor green jacket said:

The same system that already takes plenty throughout your life?

Plenty of places to go if capitalism is your enemy.

You won't have much in your pocket in your life (unless you're in league with the top characters), maybe have little access to services, or food and water, or freedom of expression etc etc.

But if that suits, then this old free country will let you go. 

Oh, and red wine availability may be very low, or even illegal.

What?

All I’m saying is that you cannot complain when the system you are happy to be a part of has some rules you don’t like.

Unless you’re agreeing with me and telling Diver to move to North Korea?

[mickbrown]

28 minutes ago, Lt. Aldo Raine said:

I'm sure the children of people who own estates large enough to meet the threshold will have had more than a leg up during their lifetime

Aye. It’s almost as if he didn’t see the 4% bit. 

[Traf]

Boo hoo, the richest 1/25th of our society have to forego some of their fortunes.

Inheritance Tax should be increased and the threshold lowered, so more pay it.

Edited December 29, 2023 by Traf

[Casino]

Morals and ethics?

When did that bother this set of cunts

[Cheese]

2 hours ago, Tonge moor green jacket said:

Giving the next generation who may not be as well off a leg up?

Simply doing what is right?

I thought Conservative mantra was "hard work is the route to success", not "if you're struggling, ask daddy for a handout"?

[bolty58]

18 minutes ago, Casino said:

Morals and ethics?

When did that bother this set of cunts

Fuck all to do with morals and ethics IMO. To do with working your arse off all your life and paying for property from already taxed earnings and then they want to fucking sting you again? Socialism 101. Take from the true workers and hand it to the glassbacks and workshy.

No inheritance tax here. Well out of the way. 

[London Wanderer]

14 hours ago, MickyD said:

But not necessarily climate change as is being blamed for just about all flooding incidents.

 

Pointing out that climate change is probably less to do with flooding than the popular press would have us believe.

It has a hell of a lot to do with climate change. That's not the popular press telling us that... it's scientists. 

Just this month a report came out saying that rainfall levels predicted for 2050 were consistently falling now. As with many things scientists are studying, it is happening sooner than expected.

Of course other factors are important. Building on flood lands; mass deforestation for livestock grazing and farming practices etc. But to play down the importance of climate change seems completely against what the evidence shows. All these things are causations of climate change, so it's all connected. 

Back to the debate, quite interesting reading about inheritance tax, as I'm not that clued up about it. As with many things, I think the public would be more behind it the elite richest didn't find ways around it. Same with policies to reduce emissions I guess. Taxi drivers being forced to spend thousands converting their vehicles whilst the 1% continue to fly all over the place in private jets with no attempt to clamp down. 

[Winchester White]

Just copied this off someone else, so I can't vouch for it's accuracy but I am happy to be educated otherwise...

Over the next few weeks you will hear a lot about Inheritance Tax here is how much people can save.

Rishi Sunak £282m
Jacob Rees-Mogg £60m
David Cameron £16m
Jeremy Hunt £6m
James Cleverly £3.5m
96% of people £0

[crawshawbooth]

In his lifetime i had a growing respect over many years in Tony Benns commitment to his political beliefs , even though his beliefs became further to the left over time.

But to me he believed passionately in the lives of ordinary people and changed the establishment so that he could revoke his inherited peerage ,and towards the end of his career was a massive campaigner against Blairs horrific war that no one wanted.

But this massive socialist managed to avoid inheritance tax for his family by donating some of his writings and personal  possessions to the British Museum !!!!!!!!!!!!!!!!!!!!!!

Finest side step of inheritance tax ever seen 

[Tonge moor green jacket]

20 minutes ago, crawshawbooth said:

In his lifetime i had a growing respect over many years in Tony Benns commitment to his political beliefs , even though his beliefs became further to the left over time.

But to me he believed passionately in the lives of ordinary people and changed the establishment so that he could revoke his inherited peerage ,and towards the end of his career was a massive campaigner against Blairs horrific war that no one wanted.

But this massive socialist managed to avoid inheritance tax for his family by donating some of his writings and personal  possessions to the British Museum !!!!!!!!!!!!!!!!!!!!!!

Finest side step of inheritance tax ever seen 

I don't see this as a political issue whatsoever. 

Of course politicians are aware of how it may be viewed so it becomes a political issue.

Talk elsewhere about capitalism etc, as if inheritance tax is a fundamental within it, is frankly utter bollocks. It clearly isn't.

It is draconian and cruel. 

[Sweep]

8 hours ago, bolty58 said:

Fuck all to do with morals and ethics IMO. To do with working your arse off all your life and paying for property from already taxed earnings and then they want to fucking sting you again? Socialism 101. Take from the true workers and hand it to the glassbacks and workshy.

Why, have the Conservative Party not changed it in all the time they've been in power over the last 40/50 years? 

[Sweep]

1 hour ago, crawshawbooth said:

Blairs horrific war that no one wanted.

 

I'm no fan of his, but didn't Parliament vote on it, and approve us gong to war. I may be wrong, so happy to be proved wrong

[stevieb]

23 hours ago, mickbrown said:

But if we’re talking  moral and philosophical issues, more to the point for the majority of us  folk on here is having to sell  their mam’s house to pay for care when they need it in later life. 
 

Happened with my dad. £700 left by the time his mum had died

I can see ‘them’ abolishing inheritance tax, course ‘they’ fucking would. Why wouldn’t you eh Rishi?

But there’s no fucking way ‘they’ will go near this issue which is more likely to affect the likes of us.  

 

This was my first thought when I opened this thread. 

Happened with the mother in law when her mum died. Care bills meant she got 23k rather than the house she grew up in. 

My grandad passing never went into care despite lasting to 94. Family did the care til his final days and the kids got to inherit his house to split between them. 

We're talking 3 bed semis here not massive estates. 

 

[Cheese]

1 hour ago, Sweep said:

I'm no fan of his, but didn't Parliament vote on it, and approve us gong to war. I may be wrong, so happy to be proved wrong

You are correct.

https://en.wikipedia.org/wiki/British_parliamentary_approval_for_the_invasion_of_Iraq

 

18 March 2003 That HM Government should use all means necessary to ensure the disarmament of Iraq's weapons of mass destruction Absolute majority: 330/659
Vote	Parties	Votes
Aye	Labour Party (254), Conservative Party (146), Ulster Unionist Party (6), Democratic Unionist Party (5), Independent Conservative (1)	412 / 659
No	Labour Party (84), Liberal Democrats (52), Scottish National Party (5), Plaid Cymru (4), Conservative Party (2), Independent Community and Health Concern (1), Social Democratic and Labour Party (1)	149 / 659
Abstentions	Speaker of the House (1), Labour Party (69), Conservative Party (17), Sinn Féin (4), Social Democratic and Labour Party (2), Liberal Democrats (1)	94 / 659
Tellers	Labour Party (3), Conservative Party (1); not counted in vote totals	4 / 659

 

[Lt. Aldo Raine]

To be fair, the vote might well have gone in the opposite direction if it weren't for the Dodgy dossier

It really is a scandal Alastair Campbell's managed to launder his reputation since Brexit

[bolty58]

3 hours ago, Sweep said:

Why, have the Conservative Party not changed it in all the time they've been in power over the last 40/50 years? 

I'll consult Deep Thought and get back to you.

[bolty58]

3 hours ago, Sweep said:

I'm no fan of his, but didn't Parliament vote on it, and approve us gong to war. I may be wrong, so happy to be proved wrong

Yes, based on that cunts lies. We can thank him for ISIS and others.

[Nowack]

4 hours ago, crawshawbooth said:

In his lifetime i had a growing respect over many years in Tony Benns commitment to his political beliefs , even though his beliefs became further to the left over time.

But to me he believed passionately in the lives of ordinary people and changed the establishment so that he could revoke his inherited peerage ,and towards the end of his career was a massive campaigner against Blairs horrific war that no one wanted.

But this massive socialist managed to avoid inheritance tax for his family by donating some of his writings and personal  possessions to the British Museum !!!!!!!!!!!!!!!!!!!!!!

Finest side step of inheritance tax ever seen 

Hang on. Is this not one of the best arguments for inheritance tax? Many charities are reliant on getting the other bits once the sponging kids get the 1.3mill. 

I have set up a trust fund by the way. 

[globaldiver]

20 hours ago, Traf said:

Boo hoo, the richest 1/25th of our society have to forego some of their fortunes.

Inheritance Tax should be increased and the threshold lowered, so more pay it.

If it were about fairness to the next generation, that is everyone having the same start in life, then, naturally, all assets would pass to the state on death, so threshold of nil and tax of 100%.

[Traf]

2 hours ago, globaldiver said:

If it were about fairness to the next generation, that is everyone having the same start in life, then, naturally, all assets would pass to the state on death, so threshold of nil and tax of 100%.

Now, that's a great idea.

[Big E]

The thing with tax increases is all the lefty liberals and work shy cunts love them however the reality is that it mainly just hits the working folk who have done slightly better for themselves and not really the mega rich like these idiots believe.

 

[globaldiver]

On 28/12/2023 at 21:04, mickbrown said:

But if we’re talking  moral and philosophical issues, more to the point for the majority of us  folk on here is having to sell  their mam’s house to pay for care when they need it in later life. 
 

Happened with my dad. £700 left by the time his mum had died

I can see ‘them’ abolishing inheritance tax, course ‘they’ fucking would. Why wouldn’t you eh Rishi?

But there’s no fucking way ‘they’ will go near this issue which is more likely to affect the likes of us.  

 

Care tax, as you say, is up to 100%. Like inheritance tax, with planning it is avoidable.

[Lt. Aldo Raine]

22 minutes ago, Big E said:

The thing with tax increases is all the lefty liberals and work shy cunts love them however the reality is that it mainly just hits the working folk who have done slightly better for themselves and not really the mega rich like these idiots believe.

 

That's an argument for closing the loopholes rather than scrapping inheritance tax