The Chronicles of Rishi

[TheDaddy]

Originally Posted by 1andrew1

I think there's a world of difference in abolishing inheritance tax on estates say up to £900k and abolishing it entirely

Exactly, lets be honest how much of a leg up do people need, £900k tax free and it isn't enough, meanwhile the shysters and spivs that routinely rip the back out of the rest of us are laughing, exactly as they do when some useful idiot compares ISA's to aggressive tax avoidance schemes, they're not playing the same game as the rest of us in anything

[Sephiroth]

Originally Posted by TheDaddy

Exactly, lets be honest how much of a leg up do people need, £900k tax free and it isn't enough, meanwhile the shysters and spivs that routinely rip the back out of the rest of us are laughing, exactly as they do when some useful idiot compares ISA's to aggressive tax avoidance schemes, they're not playing the same game as the rest of us in anything

"Shysters" and "spivs" should not be implied attributes of honest people who have worked hard to build their assets or who have inherited property passed down from their parents. The £1m threshold has been artificially manipulated by fiscal drag to dip into more pockets than before. The tax is totally immoral and the damn Trots shouldn't be looking over their shoulders at hard working, successful families. Politics of envy leads to violent revolution sometimes.

I would prefer higher inheritance tax and lower income tax personally. Especially to help pay for an expansion of social care.

[jfman]

Originally Posted by Damien

I would prefer higher inheritance tax and lower income tax personally. Especially to help pay for an expansion of social care.

Moving the tax burden from the dead to the living does seem an odd move.

[Pierre]

Originally Posted by 1andrew1

I don't think this will be a major concern financially for the Conservatives but symbolic is that there a political cost to delaying climate change policies

Mr Caudwell criticised the delayed petrol and diesel car ban, urging investment in environmental tech to boost GDP while tackling climate change

I’m sure Mr Caudwell is very based when it comes to the environment. I’m sure he doesn’t gad about on Yachts and private jets/ helicopters, whilst preaching to the poor about their ways.

Oh….well never mind.

https://www.boatinternational.com/lu...titania--38841

https://quote.org/quote/i-have-a-hel...t-i-use-400245

---------- Post added at 18:45 ---------- Previous post was at 18:34 ----------

Originally Posted by jfman

Moving the tax burden from the dead to the living does seem an odd move.

It would be nice to see the tax we pay spent a bit better. Regardless of who pays it.

[jfman]

You won't find me defending the Conservative's handling of the economy over the last 13 years.

[Mr K]

The IHT thing just shows how totally out if touch they are. It affects very few, who vote Tory anyway.

May it's a case of 'our time is up, and let's stuff our pockets whilst we can'.

[Sephiroth]

Originally Posted by Mr K

The IHT thing just shows how totally out if touch they are. It affects very few, who vote Tory anyway.

May it's a case of 'our time is up, and let's stuff our pockets whilst we can'.

Utter, total rubbish. Ordinary people with assets > £1m are not the greedy bustards that you and The Daddy put forward. The taxation instrument is too blunt to be fair, particularly when the useless government can drag people into the net by fiscal drag.

The millionaires aren't affected by this - just ordinary people.

[Mr K]

Originally Posted by Sephiroth

Utter, total rubbish. Ordinary people with assets > £1m are not the greedy bustards that you and The Daddy put forward. The taxation instrument is too blunt to be fair, particularly when the useless government can drag people into the net by fiscal drag.

The millionaires aren't affected by this - just ordinary people.

Another that's divorced from reality..

Ordinary people don't give a flying fig about IHT. Even if you're affected by you're still doing OK, to say the least.

The cost of living, public services, the NHS, housing are the main concerns of the populace. But this Govt will sacrifice that of they can cut 1p off income tax in a pre election bribe.

They are totally deluded and it's why they are going to lose the next election badly.

[OLD BOY]

Originally Posted by Mr K

Another that's divorced from reality..

Ordinary people don't give a flying fig about IHT. Even if you're affected by you're still doing OK, to say the least.

The cost of living, public services, the NHS, housing are the main concerns of the populace. But this Govt will sacrifice that of they can cut 1p off income tax in a pre election bribe.

They are totally deluded and it's why they are going to lose the next election badly.

Your ‘ordinary people’ do not have such tax assets and are therefore ‘All right, Jack’.

The point you are missing is that these assets have already been taxed, so why tax them again? It’s ludicrous.

[Mr K]

Originally Posted by OLD BOY

Your ‘ordinary people’ do not have such tax assets and are therefore ‘All right, Jack’.

The point you are missing is that these assets have already been taxed, so why tax them again? It’s ludicrous.

The point you're missing OB, is that most of the wealth has come from massive rises in property values.

I'll be honest here. IHT is something I'm affected by, (currently going through probate for my mother). Yes my parents paid tax, but they bought their property for £6k, its now £600k. That's just luck.

I'd rather a chunk of tax was taken from my inheritance, so that if I ever need the services of the NHS ( we all will at some point), it's there for me. It certainly was for my parents in their final years, they got their money's worth there. Also I'd like UK plc to remain solvent as that's in my interest too.

Originally Posted by Sephiroth

Utter, total rubbish. Ordinary people with assets > £1m are not the greedy bustards that you and The Daddy put forward. The taxation instrument is too blunt to be fair, particularly when the useless government can drag people into the net by fiscal drag.

The millionaires aren't affected by this - just ordinary people.

It'll impact like 3-5% of the population is what I read.

At some point, this country will need to fund a lot more social care. That's going to have to come from some taxes anyway. *Expanding* IHT is one of doing it. It'll be that, a new tax, a new fund people pay into like a pension or something like May suggested of housing being used more to pay back the cost after you die.

Sunak thinks he is losing the next elections so he doesn't really have to worry about this kind of thing and will leave it to whoever is next.

[Sephiroth]

Originally Posted by Mr K

The point you're missing OB, is that most of the wealth has come from massive rises in property values.

I'll be honest here. IHT is something I'm affected by, (currently going through probate for my mother). Yes my parents paid tax, but they bought their property for £6k, its now £600k. That's just luck.

I'd rather a chunk of tax was taken from my inheritance, so that if I ever need the services of the NHS ( we all will at some point), it's there for me. It certainly was for my parents in their final years, they got their money's worth there. Also I'd like UK plc to remain solvent as that's in my interest too.

As I said, total rubbish. How does the piddling 6 or £7 billion stolen mainly from working people dragged into IHT by the government make any difference to the country's solvency? They borrow more than £11 billion per month.

---------- Post added at 21:16 ---------- Previous post was at 21:15 ----------

Originally Posted by Damien

It'll impact like 3-5% of the population is what I read.

At some point, this country will need to fund a lot more social care. That's going to have to come from some taxes anyway. *Expanding* IHT is one of doing it.

Sunak thinks he is losing the next elections so he doesn't really have to worry about this kind of thing and will leave it to whoever is next.

So that's the justification to rob from ordinary people who have inherited their parents' homes? The very rich don't notice it (nor do they seem to die).

[jfman]

Originally Posted by OLD BOY

Your ‘ordinary people’ do not have such tax assets and are therefore ‘All right, Jack’.

The point you are missing is that these assets have already been taxed, so why tax them again? It’s ludicrous.

Not taxed enough though to balance the books though hence the state of public finances after 13 years of Tory mismanagement.

[Mr K]

Originally Posted by Sephiroth

As I said, total rubbish. How does the piddling 6 or £7 billion stolen mainly from working people dragged into IHT by the government make any difference to the country's solvency? They borrow more than £11 billion per month.

---------- Post added at 21:16 ---------- Previous post was at 21:15 ----------



So that's the justification to rob from ordinary people who have inherited their parents' homes? The very rich don't notice it (nor do they seem to die).

So where are you getting a piddling 6/7 billion from ? Borrow more? Cut public services further? Abandon the triple lock?

They've had 13 years to do any of these things, including reforming IHT, why now? Panic stations at 'oh dear we're screwed central' .