by Fionnlagh on Wed Mar 16, 2005 12:39 pm
[s]Ga wrote on 12:10, 16th Mar 2005:
On the subject of inheritance tax, it is the primary means by which the rich get richer and the poor get poorer. And, using this considrable wealth acumulated, the rich will then make the one major flaw in the whole capatilistic system: Use thier money to maintain there postion by making sure the poor stay poor. A good example of such a system is the tax breaks for the rich, as seen in america, or subsidising private healthcare, as the current conservitive party.
Quite frankly, if you leave more than £250,000 on death you deserve to be left with nothing more, never mind 50%.
Or do you want to be in the shadow of your Daddy all your life?
Sorry, but I disagree. Put it this way: you want your children to have every opportunity in life, so you work hard to provide as much as possible for them. Who has the right to tell you that you are not entitled to make sure your loved ones are cared for when you no longer can? The money has already been taxed when you earned it, it'll be taxed when it's spent, why should it be taxed a 3rd time?
Incidentally, I am something of a lefty (by this place's standards at least), I will never vote tory, i despise their plans for the NHS (as I do this hellish right wing pretending to be left wing labour that we currently have), I support the 50% tax bands of the LDs, and inheritance tax is very unlikely to affect me, short of a family member winning the lottery, or touch wood, them dying before they can spend their savings in retirement. But I still think it's wrong