Yep it does need abolishing.

 

But it illustrates where the Tory's heads are at though if they believe that this is an issue for most folk in the country.

Don't most rich folk avoid inheritance tax anyway some way or another

And get accused of tax avoidance.

Yep it does need abolishing.

 

But it illustrates where the Tory's heads are at though if they believe that this is an issue for most folk in the country.

 

Have they said its an issue for most folk though? Maybe they are just addressing the people that this would affect. Likewise any talk about schools has no relevance to folk with no kids, etc.

That was my point

Yep it does need abolishing.

 

But it illustrates where the Tory's heads are at though if they believe that this is an issue for most folk in the country.

 

 

You see, I don't think that it is about IHT. It is more about aspiration; that Conservatives believe that it is right that people can enjoy the fruits of their labour and keep it in the family.

 

This message is appealing to many.

Edited April 12, 201511 yr by boltondiver

Diver, the opposing view is that inherited wealth runs contrary to the spirit of aspiration as regards work.

 

This is known as Rastignacs dilemma -

 

http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCEQFjAA&url=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F2%2Fd8b97920-76eb-11e3-807e-00144feabdc0.html&ei=VsAqVYPQLY6vaa2LgYAI&usg=AFQjCNEqMMEOvv9lHW89J5YkXhm-5kOTxA

 

How does one aspire to be born (impossible) or marry (less difficult but a bit weird) into the right family?

Diver, the opposing view is that inherited wealth runs contrary to the spirit of aspiration as regards work.

 

This is known as Rastignacs dilemma -

 

http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCEQFjAA&url=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F2%2Fd8b97920-76eb-11e3-807e-00144feabdc0.html&ei=VsAqVYPQLY6vaa2LgYAI&usg=AFQjCNEqMMEOvv9lHW89J5YkXhm-5kOTxA

 

How does one aspire to be born (impossible) or marry (less difficult but a bit weird) into the right family?

 

 

Interesting

 

There is also the theory that inherited wealth gets pissed away in three generations.

 

I'm more thinking of the parents wanting to hand on wealth rather than the effect of it, but sometimes it won't work.

Its not all about being born into the right family though..

 

Know of many self made wealthy people, and its saying that these people should be able to pass things onto their kids.. Parents have worked hard all their life and it should be there right to be able to pass that down.. Likewise me to my kids.. although that will probably be less of an issue..

https://uk.isidewith.com

 

A bit more in depth this one with a lot more questions on the policies that divide the parties.

 

I got conservative most, Lib dem second.

 

Tory (again), closely followed by UKIP then Lib Dem. Worryingly 64% Sinn Fein!! FFS!!!

They can't abide people getting on

 

They don't understand where money comes from

 

And the politics of envy

There is quite an interesting philosophical discussion here. Outside of the humdrum of politics and the reality of day to day life, you have to ask whether playing the market and the rat race that involves is really what the human race should aspire to.

 

We all live here for such a limited time and yet are absorbed with making money primarily for other people, who make money for others and more and more and more, until the inevitable crash when everyone loses lots and the cycle repeats.

 

The practicality is only what our minds limit us to. Ultimately life is futile anyway and other than preserving the existence of the human race we are all broadly completely insignificant.

 

Sometimes surely everyone wonders if we really are all missing the point somewhere.

Diver, the opposing view is that inherited wealth runs contrary to the spirit of aspiration as regards work.

 

This is known as Rastignacs dilemma -

 

http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCEQFjAA&url=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F2%2Fd8b97920-76eb-11e3-807e-00144feabdc0.html&ei=VsAqVYPQLY6vaa2LgYAI&usg=AFQjCNEqMMEOvv9lHW89J5YkXhm-5kOTxA

 

How does one aspire to be born (impossible) or marry (less difficult but a bit weird) into the right family?

Absolute bollocks. What century are you living in? So those who have worked hard and earned their own money should have to pay tax all over again after they've died?

Interesting

 

There is also the theory that inherited wealth gets pissed away in three generations.

 

I'm more thinking of the parents wanting to hand on wealth rather than the effect of it, but sometimes it won't work.

Never seen that theory before but certainly rings true with my family it seems.

Never seen that theory before but certainly rings true with my family it seems.

 

http://www.wealthcounsel.com/free-resources/why%20most-families-lose-their-wealth-by-the-third-generation/

 

http://ejmas.com/pt/2012pt/ptart_tong_teacher24-1210.html

 

 

Ancient chinese proverb, no less

 

Mr Whelan; take heed!

http://www.wealthcounsel.com/free-resources/why%20most-families-lose-their-wealth-by-the-third-generation/

 

http://ejmas.com/pt/2012pt/ptart_tong_teacher24-1210.html

 

 

Ancient chinese proverb, no less

 

Mr Whelan; take heed!

Folk will have us believe that there's a vast amount of spoilt aristocrats out there who's great grandfather did nothing either. They just drink cocktails and wait till it belongs to them then they carry on drinking cocktails.

http://www.wealthcounsel.com/free-resources/why%20most-families-lose-their-wealth-by-the-third-generation/

 

http://ejmas.com/pt/2012pt/ptart_tong_teacher24-1210.html

 

 

 

Ancient chinese proverb, no less

 

Mr Whelan; take heed!

Interesting stuff. My dad told me last week that my mum's great grandad was absolutely loaded.

 

She was brought up in a council house with feck all. All gone in 3 generations. I liked the 'clogs to clogs' analogy.

Absolute bollocks. What century are you living in? So those who have worked hard and earned their own money should have to pay tax all over again after they've died?

 

 

Come on NB play nice, I'm simply countering divers point on aspiration referencing some serious academic work done by the top man at the University of Paris school of economics.

 

Working hard doesn't always  result in wealth and wealth doesn't always result from working hard its all there in the article in that Socialist rag the FT.

Edited April 12, 201511 yr by RoadRunnerFan

discumnockeration?

Tory (again), closely followed by UKIP then Lib Dem. Worryingly 64% Sinn Fein!! FFS!!!

 

Bizarrely I got

 

LibDem - 89

Labour - 87

Green - 82

UKIP - 67

Tory - 58

 

Sinn Fein didn't figure - I must have missed the knee capping question

There is quite an interesting philosophical discussion here. Outside of the humdrum of politics and the reality of day to day life, you have to ask whether playing the market and the rat race that involves is really what the human race should aspire to.

 

We all live here for such a limited time and yet are absorbed with making money primarily for other people, who make money for others and more and more and more, until the inevitable crash when everyone loses lots and the cycle repeats.

 

The practicality is only what our minds limit us to. Ultimately life is futile anyway and other than preserving the existence of the human race we are all broadly completely insignificant.

 

Sometimes surely everyone wonders if we really are all missing the point somewhere.

Do you have a favourite Ghanian Tractor?

Absolute bollocks. What century are you living in? So those who have worked hard and earned their own money should have to pay tax all over again after they've died?

 

but they don't pay tax its there lazy kids who live on handout who do.

Primogeniture should be where it's at, nah, scrap that, ultimogeniture, the last kid is usually bestest...All this splitting inheritance is designed to keep the masses in their place, comrades.

Absolute bollocks. What century are you living in? So those who have worked hard and earned their own money should have to pay tax all over again after they've died?

 

I'm no Tory, far from being one.

I'm also highly unlikely to have to even consider IHT, but you're right. Inheritance Tax is wrong.

 

Any money left in a will has already been taxed. IHT is double taxation.

The whole tax issue is a fucking mess. Chasing large corporations / entertainers & sportsmen and taxing them will more than cover the deficit.

I'm no Tory, far from being one.

I'm also highly unlikely to have to even consider IHT, but you're right. Inheritance Tax is wrong.

 

Any money left in a will has already been taxed. IHT is double taxation.

The whole tax issue is a fucking mess. Chasing large corporations / entertainers & sportsmen and taxing them will more than cover the deficit.

 

People have paid tax on their income all their lives. Not necessarily all the money they pass on though. And then the people that inherit that money may not have paid tax at all yet, or barely any. But receive in some cases a big income that were there no IHT is not taxed.

 

There is a middle ground here I'd have thought.

People have paid tax on their income all their lives. Not necessarily all the money they pass on though. And then the people that inherit that money may not have paid tax at all yet, or barely any. But receive in some cases a big income that were there no IHT is not taxed.

 

 

 

I class myself as moderately intelligent, but I don't understand that above.

Could you elaborate?

I class myself as moderately intelligent, but I don't understand that above.

Could you elaborate?

 

Lottery winner.