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...
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...
Florentine_Pogen Posted March 30 Share Posted March 30 6 hours 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? I'd assumed that this practice had been introduced to the entire Hibernian squad. 0 Quote Link to comment Share on other sites More sharing options...
Mark Connolly Posted March 30 Share Posted March 30 2 hours ago, welshbairn said: 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 I'm a 42 year old Glaswegian. I'm surprised I'm not dead already, never mind likely to live for another 44 years 0 Quote Link to comment Share on other sites More sharing options...
Thane of Cawdor Posted March 30 Share Posted March 30 O'Hagan mulls over a current preoccupation of Pie & Bovril. Probably recognises this is where the zeitgeist is developed. Here’s a possible irony. People who are young now may not have had the initial luck their parents had, but commentators say they are going to be much better off in the end, because they will inherit everything. A recent report says they will become the “richest generation in history”. Liam Bailey, who does research for the estate agency Knight Frank, argues that the ramifications of this transfer of wealth will be enormous. I think he means the effect on rental and property markets, but it could also signal a terrifying increase, in the future, of the gulf between those who inherit and those who don’t. (I would vote for a social housing tax on property windfalls beyond a certain value, even after inheritance tax and capital gains, just to close the gap a little and reduce inequality.) https://www.theguardian.com/books/2024/mar/30/leaving-home-used-to-be-a-rite-of-passage-andrew-ohagan-on-family-freedom-and-a-generational-divide 0 Quote Link to comment Share on other sites More sharing options...
HeartsOfficialMoaner Posted March 30 Share Posted March 30 12 hours ago, MONKMAN said: The people advocating for 100% inheritance tax, are they expecting the state to just seize all assets upon death? If you die in debt does the debt get passed onto the state? This might be a good idea after all. 0 Quote Link to comment Share on other sites More sharing options...
maicoman Posted April 18 Share Posted April 18 Came across a programme on Channel 5 last week called Inheritance Wars. Try and watch lasts nights one on catch up if you can. It was unbelievable what happened to this woman after her mother died. Her MP was so shocked that he brought it up in Parliament 0 Quote Link to comment Share on other sites More sharing options...
hk blues Posted April 19 Share Posted April 19 8 hours ago, maicoman said: Came across a programme on Channel 5 last week called Inheritance Wars. Try and watch lasts nights one on catch up if you can. It was unbelievable what happened to this woman after her mother died. Her MP was so shocked that he brought it up in Parliament Well. we're waiting... 1 Quote Link to comment Share on other sites More sharing options...
Hedgecutter Posted April 19 Share Posted April 19 1 hour ago, hk blues said: Well. we're waiting... As kids with rich parents would say. 2 Quote Link to comment Share on other sites More sharing options...
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