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Post by dyertribe on Jan 1, 2017 21:19:08 GMT
I'm very much right wing in thinking but agree with the following, very much left wing idea: Inheritance tax should be increased. Cue outrage from those due to inherit from rich parents one day. Incidentally, I'm one of them, but no outrage here. My thinking? Dead people don't miss taxes taken from their wealth or earnings whereas live people do. Better to 'impoverish' someone who is no longer breathing rather than someone struggling to make ends meet. My second idea is to do away completely with trusts. These instruments enable very rich people to pass on all their possessions without paying any tax at all. This is unfair, as someone with more modest wealth may be liable for inheritance tax. Re increasing inheritance tax; a recent article maintained that a high proportion of children were relying on their inheritance to pay off their mortgage and keep them in old age, so increasing IHT would just shift the problem. Re trusts being the instrument of the very rich; this is utter nonsense, I provide people with trusts almost daily and the vast majority of my clients are those who have bought their council house or are the first generation in their family to own a property. They feel they have worked damned hard to get what they have and are determined to hold onto it.
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Post by phil70 on Jan 2, 2017 1:15:16 GMT
In the early 70s tax for the highest earners was something like 99 percent, as a result a lot of the rich people took their money and moved to countries that had a better tax policy for them. 19/6 in the pound, as I recall. Not that I was in that bracket. as an aside, we often meet a dog walker who owns several houses with rooms rented out to DHSS folk and drives a new Range Rover. unsurprisingly she knows all the tricks. when her (uninsured) dog needed treatment she imposed on a tenant (on benefits) to take the dog to the PDSA where she could get free treatment. she also has a disabled blue badge issued to her late husband, which she displays in the council car park before setting off for a brisk 2 mile walk. scrounging bitch. Blue badge fraud? easy answer ....dob her in. Phil Cos my partially sighted wife with COPD is deemed not eligible
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Post by Clinton Cool on Jan 2, 2017 8:50:48 GMT
I'm very much right wing in thinking but agree with the following, very much left wing idea: Inheritance tax should be increased. Cue outrage from those due to inherit from rich parents one day. Incidentally, I'm one of them, but no outrage here. My thinking? Dead people don't miss taxes taken from their wealth or earnings whereas live people do. Better to 'impoverish' someone who is no longer breathing rather than someone struggling to make ends meet. My second idea is to do away completely with trusts. These instruments enable very rich people to pass on all their possessions without paying any tax at all. This is unfair, as someone with more modest wealth may be liable for inheritance tax. Re increasing inheritance tax; a recent article maintained that a high proportion of children were relying on their inheritance to pay off their mortgage and keep them in old age, so increasing IHT would just shift the problem. Re trusts being the instrument of the very rich; this is utter nonsense, I provide people with trusts almost daily and the vast majority of my clients are those who have bought their council house or are the first generation in their family to own a property. They feel they have worked damned hard to get what they have and are determined to hold onto it. That's the point though; they can't hold onto it; however determined they are; when they are dead. It's understandable that you are in favour of trusts, you make at least a proportion of your living out of them. The status quo is that our young people will 'inherit' a national debt approaching £100,000 for each and every one of them. These young people, in many cases, expect the state to fund the care of their elderly parents, rather than the funding to be taken from 'their' inheritance. This would/ will result in further debt being placed on the shoulders of the collective young. This type of thinking, on one hand, promotes collective thinking, but dismisses this in favour of the individual on the other. Personally I'd be in favour of a much smaller state, in many ways, negating the need for there to be a tax on the dead. But living as we do, in a state with socialist principles and its high welfare costs, the money has to come from somewhere.
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Post by larkboy on Jan 2, 2017 9:01:33 GMT
19/6 in the pound, as I recall. Not that I was in that bracket. as an aside, we often meet a dog walker who owns several houses with rooms rented out to DHSS folk and drives a new Range Rover. unsurprisingly she knows all the tricks. when her (uninsured) dog needed treatment she imposed on a tenant (on benefits) to take the dog to the PDSA where she could get free treatment. she also has a disabled blue badge issued to her late husband, which she displays in the council car park before setting off for a brisk 2 mile walk. scrounging bitch. Blue badge fraud? easy answer ....dob her in. Phil Cos my partially sighted wife with COPD is deemed not eligible That's the answer, if someone's taking the piss inform the relevant authorities. I did it, and provided photographic evidence, and it worked. Woman was claiming, had a blue badge and all the rest of it saying she could hardly walk, yet I filmed her clambering all over her boat cleaning it and shifting barrowfulls of shingle round her garden! I hate piss takers!
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Post by bodger on Jan 2, 2017 11:51:22 GMT
Blue badge fraud? easy answer ....dob her in. Phil Cos my partially sighted wife with COPD is deemed not eligible That's the answer, if someone's taking the piss inform the relevant authorities. I did it, and provided photographic evidence, and it worked. Woman was claiming, had a blue badge and all the rest of it saying she could hardly walk, yet I filmed her clambering all over her boat cleaning it and shifting barrowfulls of shingle round her garden! I hate piss takers! I hope you gave the poor crippled woman a hand............................. smartly, across the face.
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