tag:blogger.com,1999:blog-2956830097495837473.post8766026506712243840..comments2023-10-14T13:18:37.330+01:00Comments on angels in marble: Taxing People is Wronghatfield girlhttp://www.blogger.com/profile/12673905475452420002noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2956830097495837473.post-10889217455794766682009-12-10T11:20:02.009+00:002009-12-10T11:20:02.009+00:00R, a perfectly normal house plus savings - bought ...R, a perfectly normal house plus savings - bought and set aside through a lifetime of work - on which tax has already been paid should not be subject to inheritance tax. It should pass to the children of the family for whom it is intended and for whom, undoubtedly, both foregone consumption and careful planning of family arrangements have been shouldered.<br /><br />Brown's policies have dragged working families into inappropriate tax categories. <br /><br />It is surprising to hear his vicious attacks on Toffs and his prosecution of class war targetting people of my parents class and, indeed, me.hatfield girlhttps://www.blogger.com/profile/12673905475452420002noreply@blogger.comtag:blogger.com,1999:blog-2956830097495837473.post-62363602138175301672009-12-10T10:28:00.692+00:002009-12-10T10:28:00.692+00:00"To die in England leaving a reasonable house..."To die in England leaving a reasonable house and some savings and investments "<br /><br />i would have thought that north of 350K is a bit more than some savings? but of course, the very rich shouldnt have to contribute anything to the rest of the country should they?roymhttps://www.blogger.com/profile/11040387761432476794noreply@blogger.comtag:blogger.com,1999:blog-2956830097495837473.post-42692671486178011802009-12-07T09:49:45.103+00:002009-12-07T09:49:45.103+00:00Caronte: Police, Defence, and Justice, I will agre...Caronte: Police, Defence, and Justice, I will agree without quibble. Roads, I suppose grudgingly. Reasonable access to Health and Education would certainly be better provided by the market, but I accept that in the UK that's an argument against the grain, despite evidence.<br /><br />But even if we grant all that, and cost it, I would bet that it represents but a small portion of the tax we are actually expected to pay.<br /><br />Inheritance tax raises - in national terms - a derisory amount of money, but that is not its aim. It is a spite tax, an envy tax, pure and simple. They would still want it even it raised nothing. It is nothing to do with those public goods you have enumerated.<br /><br />Hats is right.Weekend Yachtsmanhttps://www.blogger.com/profile/04262853091154005651noreply@blogger.comtag:blogger.com,1999:blog-2956830097495837473.post-2352678793690300042009-12-06T11:40:47.350+00:002009-12-06T11:40:47.350+00:00Might older people not reasonably be expected to h...Might older people not reasonably be expected to have paid off their mortgages, C? For inheritance to kick in they'd have been in their 70s and 80s.hatfield girlhttps://www.blogger.com/profile/12673905475452420002noreply@blogger.comtag:blogger.com,1999:blog-2956830097495837473.post-77817026632788265102009-12-06T11:07:19.287+00:002009-12-06T11:07:19.287+00:00"A well-maintained house in one of the older ..."A well-maintained house in one of the older roads in Hatfield Garden Village plus rainy-day savings in whatever form they are invested". You imply that there is no residual mortgage on the house, or savings are higher than mortgage debt. You are not talking of the representative UK citizen, but of a very privileged person indeed.<br /><br />Of course without taxing people you could not have roads, police, defense, justice, and reasonable access to health and education. But you are right: taxing inheritance is wrong, a small annual tax on wealth would be much better than a random, vulture-like depredation of the dead. And taxing labour income is also wrong, because that income is only the replacement value of the leisure forsaken by workers - most unfair, unless you specifically taxed also the leisure of the rich.Carontenoreply@blogger.com