Current Affairs The Labour Party

[mahermi1]

Why should I be paying record taxes while freeloaders who inherit don't have to make a contribution?

It's high time the strivers and workers got something while the workshy who rely on inheritance contribute a bit (in my view).

Serious question are you going to leave you're children nothing ?
Me an my wife own our own home and have worked to do that for most of our lives. Also cashing in 25% of one of my pensions to do that, shouldn't I be allowed to leave this for my children to benefit both work btw and both rent.

 

[Joey66]

He won’t get it

Can we have rerun of the GE please & I did get his snide of a post !

 

[Kurt.]

Serious question are you going to leave you're children nothing ?
Me an my wife own our own home and have worked to do that for most of our lives. Also cashing in 25% of one of my pensions to do that, shouldn't I be allowed to leave this for my children to benefit both work btw and both rent.

I’m splitting my estate 50/50 between the jersey potatoe enthusiasts committee and The Sir Kier Starmer appreciation society

 

[Kurt.]

Can we have rerun of the GE please & I did get his snide of a post !

You lost … get over it Cyril sneer

 

[Rita_Poon]

You lost … get over it Cyril sneer

That'll bamboozle a few that!

 

[Joey66]

That'll bamboozle a few that!

No idiots will bamboozle me .....

 

[mahermi1]

I’m splitting my estate 50/50 between the jersey potatoe enthusiasts committee and The Sir Kier Starmer appreciation society

Thought you might Kurt always appreciated how you are so under the thumb, I mean respect you have for the English hierarchy.

 

[Rita_Poon]

No idiots will bamboozle me .....

Sounds like a wager to me...

 

[Kurt.]

Thought you might Kurt always appreciated how you are so under the thumb, I mean respect you have for the English hierarchy.

Only the French parts will benefit

 

[Kurt.]

No, idiots will bamboozle me .....

Punctuation is crucial

 

[Xizor]

That'll bamboozle a few that!

I remember it! His son Cedric was mates with his nemesis, Bert. Only episode I remember had a go kart race for some reason.

 

[catcherintherye]

Serious question are you going to leave you're children nothing ?
Me an my wife own our own home and have worked to do that for most of our lives. Also cashing in 25% of one of my pensions to do that, shouldn't I be allowed to leave this for my children to benefit both work btw and both rent.

Yes. I'm quite happy to do that if the tax rate is 100%.

 

[Xizor]

Serious question are you going to leave you're children nothing ?

I also support 100% inheritance tax, but it's not something I believe could be implemented unless it was already normalised, which is a bit of a catch-22. Ultimately a huge driver of inequality is the fact that some people start with a leg up over others already, and the people who want to leave their kids 50k or whatever are enabling the ones that are leaving theirs 50m and an undeserved life of privilege and influence.

Did we learn nothing from the rich bullies of 80s teen movies?

It's not their money, and in the long term I think it does far more harm than good to society to move it down the family tree (at a macro level, it's responsible for dynastic disputes and civil wars). Even if you effectively abolished cash inheritance then the scions of wealthy families still likely benefit from their parents wealth via a more stable upbringing and more opportunities for travel, making contacts, so on.

Would never work though, the money would just be hidden away in trusts or something even if you could overcome public opinion and the desire to help out kith & kin.

 

[mahermi1]

Yes. I'm quite happy to do that if the tax rate is 100%.

You're happy to do what ?

 

[mahermi1]

I also support 100% inheritance tax, but it's not something I believe could be implemented unless it was already normalised, which is a bit of a catch-22. Ultimately a huge driver of inequality is the fact that some people start with a leg up over others already, and the people who want to leave their kids 50k or whatever are enabling the ones that are leaving theirs 50m and an undeserved life of privilege and influence.

Did we learn nothing from the rich bullies of 80s teen movies?

It's not their money, and in the long term I think it does far more harm than good to society to move it down the family tree (at a macro level, it's responsible for dynastic disputes and civil wars). Even if you effectively abolished cash inheritance then the scions of wealthy families still likely benefit from their parents wealth via a more stable upbringing and more opportunities for travel, making contacts, so on.

Would never work though, the money would just be hidden away in trusts or something even if you could overcome public opinion and the desire to help out kith & kin.

So you would be happy to give you're house to the Government, I disagree entirely and make no apologies, as I've already said I've paid tax since I was 15 years old and will till I'm 66 and retired. I feel I've given my fair share to the state all though I realise I will be taxed on my pension.