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A Political Thread pt. 2

Gavin said:
Little bit of bribery before the next UK elelection
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Inheritance Tax only effects 5% of households.

This only plays to their base and isn't a vote winner except to the very stupid who don't understand they'll never pay a penny.
 
ncurd said:
Inheritance Tax only effects 5% of households.

This only plays to their base and isn't a vote winner except to the very stupid who don't understand they'll never pay a penny.
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You'd be surprised the amount of people on LBC from 1PM - 2PM who said they'd now vote for the Conservatives if they removed inheritance tax (albeit I don't think many people fully understand stand it, but if they believe they may pay less tax it could be a vote winner)
 
ncurd said:
Inheritance Tax only effects 5% of households.

This only plays to their base and isn't a vote winner except to the very stupid who don't understand they'll never pay a penny.
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It goes to the very heart of unfairness of the tax and they don't understand that the £325k nil rate band or even more if you're married with the a house especially if that is going up in value is very generous already along with other exemptions.

You spend your life working and paying income tax and NI on your earnings, VAT on goods and services to acquire the assets in your estate . The most natural thing is to want to leave your assets you've acquired to your loved ones and not have to pay another 40% tax on it. That is what creates the grievance. That is what Tories are banking on.

However, I suspect they would just either raise the thresholds/exemptions imo or replace it with CGT that the beneficiary would have to pay.
 
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Feels like the Tories are trying to sabotage the, inevitable, next Labour government tbh
Scrap inheritance tax, labour un-scraps it during their term, Tories attack them for it at the following election

It's like the classic tank the economy then blame your successors for having to take harsh measures to fix it ploy
 
There are IHT tax charges for trusts. I find it hard to believe even the Tories will scrap it completely.
 
Bada-Bing! said:
There are IHT tax charges for trusts. I find it hard to believe even the Tories will scrap it completely.
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I think the last decade of Tory rule has showed they are pretty happy to do things we previously thought unbelievable. We used to think as a nation we were above the cultish attitude towards our leaders but then look at Johnson and the extents to which the party and his supporters have tried to cover for him.

Also it turns out the government had a copy of the password for Johnsons phone, something he would have been well aware of. Yet another lie from that shameless pig in a wig.
 
Ragey Erasmus said:
I think the last decade of Tory rule has showed they are pretty happy to do things we previously thought unbelievable. We used to think as a nation we were above the cultish attitude towards our leaders but then look at Johnson and the extents to which the party and his supporters have tried to cover for him.
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Oh I am sure they could. But it's just a headline atm to grab the attention of voters. But the revenue it brings in would still have to be replaced somehow. Which is why I am sceptical that it will go ahead in full. No government (whether it be this corrupt one or Labour just reversing it) would lose out even if it is a blatant shameless bribe.



Voters vote with their wallets as the guy with 2 daughters at Private school clearly shows.
 
Bada-Bing! said:
You spend your life working and paying income tax and NI on your earnings, VAT on goods and services to acquire the assets in your estate . The most natural thing is to want to leave your assets you've acquired to your loved ones and not have to pay another 40% tax on it. That is what creates the grievance. That is what Tories are banking on.
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Its a POV thing you don't pay the tax the inheritors do, whom for them it it is unearned income.

Reality is you can leave a sizable sum to your family and more than enough for to provide them with good financial stability. Generational wealth is far more important to wealth redistribution than earned wealth.
 
ncurd said:
Its a POV thing you don't pay the tax the inheritors do, whom for them it it is unearned income.
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IHT is a capital tax charged during lifetime (trusts mostly) or on death (estates). The IHT tends to be paid by the donor from their estate. Generally the donee doesn't pay anything. So what the donee inherits are capital assets which was bought by the donor's taxed income during their lifetime. Basically the grievance here is the double tax charge imposed on the donor during the lifetime and then on death and which is what the Tories are exploiting with this news story.
ncurd said:
Reality is you can leave a sizable sum to your family and more than enough for to provide them with good financial stability. Generational wealth is far more important to wealth redistribution than earned wealth.
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Yes, that's why I said it is easier for Tories just to raise the thresholds/exemptions at the point at which IHT is charged rather than scrapping it completely. They are pretty generous as they are. But most of the time it is houses which are left to loved ones after the second spouse dies and those generally rise on value, especially for those in the southeast, where Tories want to keep hold of seats, get caught out with IHT.

There is of course a wider implication of generational wealth for wealth redistribution, being passed down which is unfair. From a fairness perspective they should probably just replace IHT with CGT without reinventing the wheel, so that the beneficiary has to pay the tax on assets they have inherited likely through forcing them to sell it.
 
So, how's the privatisation of essential monopolies going?
Other than not paying the required maintenance, and pumping sewerage into the rivers.
Now the drinking water isn't safe to drink

Anglian Water - Love Every Drop | Anglian Water Services

We will always go the extra mile for our six million customers and their water.
www.anglianwater.co.uk www.anglianwater.co.uk

Oh, and note the URL there, it may be today's date, but it's also "hidden-pages/boil-notice"
Presumably why it's not unfurling
 
Which Tyler said:
So, how's the privatisation of essential monopolies going?
Other than not paying the required maintenance, and pumping sewerage into the rivers.
Now the drinking water isn't safe to drink

Anglian Water - Love Every Drop | Anglian Water Services

We will always go the extra mile for our six million customers and their water.
www.anglianwater.co.uk www.anglianwater.co.uk

Oh, and note the URL there, it may be today's date, but it's also "hidden-pages/boil-notice"
Presumably why it's not unfurling
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What the actual F
 
TRF_Olyy said:


........why though?
£1.6bn on this is insane - and that'll only go up with the inevitable delays when they're hitting archeological finds with every other step
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As an ex-archaeologist, my friends who still work in the sector think the tunnel is a mental idea.

The delays are going to go through the roof with all the material undiscovered in the area.
 

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