IdleRich
IdleRich
Why is everyone getting so worked up about it? Is it really this that has brought the Tories so many gains in the polls? They're planning to raise the threshold from £300k to £1 million, are there so many people who stand to inherit more than £300k and think that getting it all is the most important thing on which to base their vote?
Isn't inheritance tax one of the fairest that we have in that it is a tax on unearned wealth and it is something that at least moves in the direction of giving people an equal starting position in life? Something that ought to be seen as desirable both by the left and by those who believe that merit should be rewarded with money.
Or maybe it's not fair that someone has earned money and paid tax on it once should have to pay tax on it again when they choose to pass it on. Seems to me that most people who I've heard moan about inheritance tax are old rich people concerned about their legacy rather than the young who might one day inherit. Also there is the argument about houses now often been worth more than the threshold so people have to sell their family homes on inheriting them to pay the tax.
To me though, it just seems strange that something that doesn't affect that many people - and if it does will probably only affect them once and then only at some unspecified point in the future - could be the thing that is making people change their vote.
Just want to know what people think really.
Isn't inheritance tax one of the fairest that we have in that it is a tax on unearned wealth and it is something that at least moves in the direction of giving people an equal starting position in life? Something that ought to be seen as desirable both by the left and by those who believe that merit should be rewarded with money.
Or maybe it's not fair that someone has earned money and paid tax on it once should have to pay tax on it again when they choose to pass it on. Seems to me that most people who I've heard moan about inheritance tax are old rich people concerned about their legacy rather than the young who might one day inherit. Also there is the argument about houses now often been worth more than the threshold so people have to sell their family homes on inheriting them to pay the tax.
To me though, it just seems strange that something that doesn't affect that many people - and if it does will probably only affect them once and then only at some unspecified point in the future - could be the thing that is making people change their vote.
Just want to know what people think really.