Labour's Death Tax

[anotheoldgit]

http://www.thecommentator.com/article/5592/only_labour_would_view_dead_parents_as_winning_the_lottery

When did working class families, (who worked all their lives, struggled to buy their houses, joined their company's pension scheme, and then through their careful budgeting still had a little to put aside for a rainy day), suddenly become Middle-Class?

Well according to this report they think they have, and the likes of David Blunkett has called for Ed Miliband and the Labour Party to bring back the ‘Death Tax’.

[jno]

they can always pass on their hard-earned wealth to their children before they die. If they trust their middle-class children not to throw them out...

[Gromit]

Blunkett is not even fighting the election.

Labour Party policy is debated and approved at the Party Conference in September. Just because one ex-Minister has said he likes an idea at a non-Labour Party event does not mean Miliband or the Party will adpot it. The reason Blunkett and the rest of the Blairites are out in limbo is because they are yesterdays men with old ideas that the electorate rejected 5 years ago.

It is a very pathetic example of pre-election scaremongering by an increasingly desperate Tory Press.

[ToraToraTora]

standard socialist thinking, prosperity must be punished.

[naomi24]

'Anti-aspiration' sums up Labour's mentality perfectly.

[Gromit]

Tora,

Being gifted a large sum of money is not prosperity. Taxing windfalls will not harm the economy.

[Gromit]

It is not anti-aspirational.

Aspirational is working hard to make a better life for yourself. Even if this was Labour Policy, which it isn't, people would not stop working hard aspiring because anything they have might be taxed when they are dead.

[lady-janine]

i'd better get my saved-up pocket money spent quickly.

[ToraToraTora]

Gromit, people work hard all their lives and if they manage to accumulate some wealth out of their already highly taxed existance then frankly they should not face further tax in death. It's gets ever more futile to work hard and pay for yourself, the feckless get everything free those of us that provide for ourselves and indeed the feckless get punished in life and in death. Even you must see that is fundamentally wrong.

[Pocket_Rocket]

Hmmm - "The Commentator" - what a rubbish publication. IMHO.

[naomi24]

Gromit, //It is not anti-aspirational. //

It is if the government is going to pinch it as soon as you’re dead. Some might be inclined to think ‘If my children aren’t going to benefit, what’s the point?’ I'd say people who've worked hard all their lives have paid their fair share in taxes.

[Pocket_Rocket]

I'm with you Gromit.

[retrocop]

It does seem to follow the usual lefty mantra. "Whats your is mine and what's mine is me own" *** I'm off to the pub and b...ger the kid's and grand children's inheritance from my ,already,twice taxed savings.

[retrocop]

***** I only said a clod of earth honest.

[lady-janine]

gives meaning to spending your childrens' inheritance.

[Gromit]

// 'd say people who've worked hard all their lives have paid their fair share in taxes. //

I agree, they have. It is not they who will be taxed though is it. It is whoever gets the windfall. I repeat, no one is going to give up earning money in their working lives and make themselves deliberately poorer bcause of duty that might be paid when they are dead.

[naomi24]

Pocket_Rocket, // I'm with you Gromit.//

Why? Would you like to pay more tax?

[Gromit]

I might just clarify that I do not agree with the death duty as defined by Blunkett. It will be very unpopular and will not raise that much money.

I am not agreeing with Blunkett, I am disagreeing with those saying hard workers will just give up because of it and prosperity (presuming they mean the economy) will falter as a result. Utter bunkum.

[retrocop]

Those pints of beer I was going to imbibe from my twice taxed savings for my children's inheritance will mean I am triple taxed. I hope I live forever!!

[naomi24]

Gromit, who said that? Personally, rather than give it to the government I'd make damned sure my children reaped the benefit of my labour before I was dead.

[lady-janine]

hear, hear Naomi! too true.