HeartsOfficialMoaner Posted March 29 Share Posted March 29 3 hours ago, Doctor Manhattan said: This argument seems to imply that not only should government/society/whoever dictate what happens to your money after you die, they can also proscribe what you can do with it at any time while you're still alive. Where's the line to be drawn between buying your kids an ice cream and buying them a house? (Or at least helping out with the deposit?) The distribution of wealth (both absolute and relative) is a subject that long predates communism, and maybe even capitalism itself. Did you ever read Aristophanes' "Plutus"? I'm not giving my money to the the government/Tories after I die. I'm going to be selfish and leave it to my nephews and niece. 2 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 29 Share Posted March 29 2 hours ago, Doctor Manhattan said: I bought two small 99's not long back from a van in Luss, and in came to £12. ^^^ Generation SKI 0 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted March 29 Share Posted March 29 5 hours ago, VincentGuerin said: Absolute nonsense. Having seen your contributions on other threads, I won't be bothering getting into a well of pedantry and obfuscation with you.. But in terms of having an equal society where unearned advantage is not inbuilt into the system, people being gifted the most accessible form of wealth while others need to give money to people like that to ever own a place to live, then, yes, people passing on homes (for home, read wealth) to their kids is 100% a problem. comparing it to racist dog-whistling is utterly risible. You can label things any way you want. It's an easy punch to label people like me as jealous, and there's no 100% way to be sure that's not an element of it. However, denying that families hoarding wealth through inheritance, which is often snowballed through marriage, creates an inherently unequal society is simply nonsense. ^^^ jealousy stained pish 0 Quote Link to comment Share on other sites More sharing options...
Thane of Cawdor Posted March 29 Share Posted March 29 40 minutes ago, Todd_is_God said: ^^^ jealousy stained pish While also wishing to avoid "a well of pedantry", and without endorsing your view, I think you mean envy stained pish. 2 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted March 30 Share Posted March 30 3 hours ago, Thane of Cawdor said: While also wishing to avoid "a well of pedantry", and without endorsing your view, I think you mean envy stained pish. Position accepted 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted March 30 Author Share Posted March 30 The UK actually has a relatively high rate of inheritance tax compared to other countries https://files.taxfoundation.org/legacy/docs/TaxFoundation_FF458.pdf 1 Quote Link to comment Share on other sites More sharing options...
coprolite Posted March 30 Share Posted March 30 Equality and fairness are two different concepts. People start life with an endowment of characteristics. Parental wealth or income is one but looks, intelligence, physical prowess etc are all sources of inequality. Should we be scrubbing everyone's faces and binding feet just because equality? 0 Quote Link to comment Share on other sites More sharing options...
hk blues Posted March 30 Share Posted March 30 19 hours ago, JMDP said: Yeah, add me to the list of not just wanting a hefty inheritance tax but incredibly tight regulation and hefty punishments for avoiding. Personally, I'm lucky in my family that my parents are both in good health despite being older. I am one of six and and my brother will be in charge of everything when my parents pass. It will be really modest and I couldn't give a shit, I'm just glad I have been lucky to have the parents I have. We have encouraged them to spend everything they have in their advancing years so they can enjoy them but it's not in their nature to do that. For my missus, it's a slightly different position. Her father is minted and her and her siblings stand to inherit millions. You can already see it becoming shitty between family members and some of them talking as if the poor c**t is already dead. I really hope he gets rid of loads of it to charity tbh and fucks them all off. I'd be the same, mate. 1 Quote Link to comment Share on other sites More sharing options...
MONKMAN Posted March 30 Share Posted March 30 The people advocating for 100% inheritance tax, are they expecting the state to just seize all assets upon death? 1 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted March 30 Author Share Posted March 30 (edited) 24 minutes ago, coprolite said: Equality and fairness are two different concepts. People start life with an endowment of characteristics. Parental wealth or income is one but looks, intelligence, physical prowess etc are all sources of inequality. Should we be scrubbing everyone's faces and binding feet just because equality? A bit more straightforward to tax someone’s bank account than their good looks. Edited March 30 by ICTChris 0 Quote Link to comment Share on other sites More sharing options...
coprolite Posted March 30 Share Posted March 30 6 minutes ago, ICTChris said: A. It more straightforward to tax someone’s bank account than their good looks. Four years training to be a tax inspector (standards have dropped). But only 8 pints of stella to glass someone. 0 Quote Link to comment Share on other sites More sharing options...
Alert Mongoose Posted March 30 Share Posted March 30 24 minutes ago, MONKMAN said: The people advocating for 100% inheritance tax, are they expecting the state to just seize all assets upon death? While not necessarily advocating it myself, I would imagine that the idea behind 100% IHT is to encourage people to spend/give it away before they die. Nobody knows when you are going to die granted but, if you reach Granny Danger's age, your expecting the knock. 0 Quote Link to comment Share on other sites More sharing options...
bobbykdy Posted March 30 Share Posted March 30 1 hour ago, Alert Mongoose said: While not necessarily advocating it myself, I would imagine that the idea behind 100% IHT is to encourage people to spend/give it away before they die. Nobody knows when you are going to die granted but, if you reach Granny Danger's age, your expecting the knock. Oft, don't hold back now Albert will you? 0 Quote Link to comment Share on other sites More sharing options...
throbber Posted March 30 Share Posted March 30 I joked with my parents yesterday if they were to get a new dog it would probably outlive them (they’re 70 this year). Whilst insensitive I don’t think I was being factually incorrect. 0 Quote Link to comment Share on other sites More sharing options...
eindhovendee Posted March 30 Share Posted March 30 1 hour ago, throbber said: I joked with my parents yesterday if they were to get a new dog it would probably outlive them (they’re 70 this year). Whilst insensitive I don’t think I was being factually incorrect. Depends which kind of dog they get, Great Danes only last about 7 years, few others not so long either, some little dogs are around the 13/14 year mark. Depends how healthy your parents are before getting them a present. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted March 30 Share Posted March 30 1 hour ago, throbber said: I joked with my parents yesterday if they were to get a new dog it would probably outlive them (they’re 70 this year). Whilst insensitive I don’t think I was being factually incorrect. Average life expectancy for a 70 year old man is 86, for a woman it's 88. https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/healthandlifeexpectancies/articles/lifeexpectancycalculator/2019-06-07 0 Quote Link to comment Share on other sites More sharing options...
Lex Posted March 30 Share Posted March 30 4 hours ago, MONKMAN said: The people advocating for 100% inheritance tax, are they expecting the state to just seize all assets upon death? Sorry no, you can’t get your dead dads telly. It must be sold after his death and the proceeds given to the state. The state will send round sentries after each death to inventory each estate to enforce this. 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted March 30 Share Posted March 30 2 hours ago, throbber said: I joked with my parents yesterday if they were to get a new dog it would probably outlive them (they’re 70 this year). Whilst insensitive I don’t think I was being factually incorrect. At least it wouldn't bring shame on them the way you have. 2 Quote Link to comment Share on other sites More sharing options...
Joe Terrapin Posted March 30 Share Posted March 30 My folks took an equity release payment against their house from a company when my Dad was made redundant some 30 odd years ago. They were actually nervous about telling us, their 5 kids, as the house was going to be 'our' inheritance. Thankfully all of us were all for it as it gave them some cash to travel the world. Lost my Dad some years ago but my Mum, now 91, is still going strong. The compound interest will probably mean there will be no money left when she eventually goes. 0 Quote Link to comment Share on other sites More sharing options...
alta-pete Posted March 30 Share Posted March 30 1 hour ago, eindhovendee said: Depends which kind of dog they get, Great Danes only last about 7 years, few others not so long either, some little dogs are around the 13/14 year mark. Depends how healthy your parents are before getting them a present. I can’t really imagine @throbber ‘s 70yo parents wrestling a Great Dane round the park. 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.