On 12/09/2019 09:16, Brian Reay wrote:
> tim... <
tims_n...@yahoo.com> wrote:
>>
>>
>> "Stephen Cole" <
use...@stephenthomascole.com> wrote in message
>> news:gtu98i...@mid.individual.net...
>>> Should Corbyn set it at a rate designed merely to redistribute wealth or
>>> should a more progressive level of taxation be applied to the robber baron
>>> class’ hoardings, coupled with the introduction of rent control
>>> legislation, in order to burst the massively over-inflated housing bubble
>>> and collapse house prices back to nearer the true value of a pile of
>>> bricks?
>>
>> Um, let me think?
>>
>> NO
>>
>> tim
>>
>
> He’d do better to reform IHT.
>
Well, abolish IHT, introduce LVT . . .
> Parents whose offspring have shown they are prepared to work etc, and have
> actually established themselves- bought a property etc should be subject 0
> IHT when passing to children. Even the, effective, £1m or so currently in
> place isn’t really high enough, it is easy to exceed that. (Fortunately,
> there are legal ways to avoid IHT even if you have more the £1m) £1m per
> child would be more reasonable.
>
> Conversely, if the off spring have obviously been sitting around waiting
> for another hand out, moaning about how tough life is etc, tax it at 100%
> and give it to the NHS.
>
You have a very cynical view of people. Very, very, few people 'sit
around waiting for hand-outs' out of choice.
> No true socialist should complain at that. Reward the hard working, the
> first case, help the masses and don’t reward the lazy in the second case.
> Of course, those who fall into the second group- remember you need to have
> bought a property- will scream it is unfair.
>
It's now pretty well established that the combination of property
ownership and inheritance is going to polarise the UK in some quite
nasty ways over the next 30 years.
I had the 'opportunity' to take in some daytime TV for a couple of weeks
recently. Apart from the obviously fleecing nature of the corporations
behind it all, quite nice to see the variety of equity release products
being pushed.
If the government isn't going to do anything, spend it or give it away
while you can.
--
Cheers, Rob