Brian Reay <
no...@m.com> wrote:
> newshound <
news...@stevejqr.plus.com> wrote:
>> On 12/09/2019 09:16, Brian Reay wrote:
>>> He’d do better to reform IHT.
>>>
>>> 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.
>>>
>>> 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.
>>>
>>>
>>>
>> I'm not entirely sure about that. If you buy a house to live in, and
>> want to pass it on as an asset, fair enough. If you have bought it in
>> the hope of gains far in excess of inflation, then (arguably) you are
>> behaving like a charicature of the robber baron capitalist. Even more so
>> if you have multiple "buy to lets" with the same expectation.
>
> Yawn, you sound like someone who envies those who have made been prudent,
> saved, invested in property etc.
>
>
>>
>> And that's one of the things that IHT and CGT are after.
>>
>> Call me an old cynic, but I sometimes suspect that the "simple working
>> class lad made good" who shouts about IHT is a bit more of a capitalist
>> than they claim to be.
>>
>
> Why is there a problem with someone who has made good wanting to pass
> his/her money on?
>
> It is the Socialists who have an issue with people who have worked hard,
> been prudent etc.
>
>
>> I think the *real* problem is that government economic policy over the
>> decades has largely encouraged the housing bubble. This includes council
>> housing selloff and easing buy to let rules. The underlying problem is
>> that we have not been building enough houses to match rising prosperity
>> and (the reasonably) rising expectations. You might (or might not) blame
>> developers with their land banks but overall, governments have always
>> had levers that they could use.
>>
>
> Excuses, excuses, excuses.
>
> Those who are want to succeed and are willing to graft etc can. Those who
> are lazy sit back and moan, making excuses, expecting handouts.
>
You’re having a good time living on your wife’s pension though, Brian, eh?