Your kids didn’t work for it, by the way. By definition, they didn’t earn any of that money.

comment by rosso says the time has come to unlock the unl... (U17054)
posted 1 hour, 28 minutes ago
So that we can have state pensions, a free-at-point-of-service healthcare system, public schools, infrastructure, a social security net, policing, etc.

Would you rather have rid of some of those benefits, would you rather pay more income tax in the first instance, or are you happy paying inheritance tax (which is one of the most progressive taxes we have)?
----------------------------------------------------------------------

I’ll pay more tax if there’s a choice thanks. It emanates from current earnings and not what I’ve built up and already paid tax on. What’s progressive about that?

In return of course I want to see these things you mention all markedly improve. Seems fair right?

comment by rosso says the time has come to unlock the unl... (U17054)
posted about an hour ago
Your kids didn’t work for it, by the way. By definition, they didn’t earn any of that money.
----------------------------------------------------------------------

Completely irrelevant. It’s mine to do with as I please as far as I know.

And as I’ve said, tax has already been paid on it a few times over.

There are a raft of reasons why it’s both a particularly progressive tax (if not directly redistributive, it works to limit land- and property-banking, as well as doing a particularly good job of ensuring that the tax burden falls on those who can best afford it), as well as being both fiscally (upwards of 1% of the tax take in the UK) and economically (encouraging people to spend rather than hoard, keeping the property market moving, enabling greater competition in rental markets, removing disincentives of inheritors to contribute to society, incentivising investment in inheritors’ educations… ) very useful.

Don’t have time to get into them in great detail now (wife’s b’day party tomorrow and up to my eyeballs in last minute shiiiit to frantically prepare ) but happy to pick up later

Andrew Carnegie (yes, one and the very same billionaire industrialist and one of the richest men in modern history) is actually a brillIant one to read on inheritance tax. He was a very strong proponent of an equally strong inheritance tax, and made the case for it superbly.

"The man who dies thus rich dies disgraced.”

Gift your vast wealth to the junior gingers 7 years prior to your sad demise and inheritance tax is moot, jobs a good 'un.

From the little I know of Andrew Carnegie, he is an interesting guy. A man of his times, arch capitalist that exploited the golden age of America, who didn't give a flying fig about the working conditions of those that created his wealth and yet paid for the building of loads of free libraries to improve the education of those same workers and their kin.

Government subsidies the private, foreign owned, railway companies up to approx £160m per month and at the same time, those private, foreign owned railway companies are paying out dividends to shareholders.

Is this capitalism or chums pickpocketing the public purse.

comment by Hector (U3606)
posted 27 minutes ago
"The man who dies thus rich dies disgraced.”

Gift your vast wealth to the junior gingers 7 years prior to your sad demise and inheritance tax is moot, jobs a good 'un.

From the little I know of Andrew Carnegie, he is an interesting guy. A man of his times, arch capitalist that exploited the golden age of America, who didn't give a flying fig about the working conditions of those that created his wealth and yet paid for the building of loads of free libraries to improve the education of those same workers and their kin.

----------------------------------------------------------------------

Sods have been draining it away year by year anyway mate. In fact we almost communicate with my daughter by direct debit

It’s more the assets and property that I’m thinking of and we pay inordinate amounts of tax on that as it is. So be my; I have no complaints.

Inheritance tax is a one off, especially of increased. Once done it’s pretty much gone in a generation so it can’t be used really other than for one off gains or else it will have to be replaced with something else in the future to maintain it. Hence why I believe it’s far from progressive.

Anyways. Flight away later this morning to spend a wedge of it before it goes to one of the throwaway political parties.

at least she is in touch, Hector jnr is a ghost that occasionally floats by...

I think government waste is a bigger issue than this tax, Johnson getting to pick and choose his lawyers to fight over his WhatsApp being a prime example. There are 100s of government lawyers, on the payroll, that undoubtedly could defend his opinion.

Hope you enjoy frittering away their inheritance today!

comment by Hector (U3606)
posted 2 minutes ago
at least she is in touch, Hector jnr is a ghost that occasionally floats by...

I think government waste is a bigger issue than this tax, Johnson getting to pick and choose his lawyers to fight over his WhatsApp being a prime example. There are 100s of government lawyers, on the payroll, that undoubtedly could defend his opinion.
----------------------------------------------------------------------

I think they are finding that the government lawyers aren't corruptible enough.

Exclusive with @HarryYorke1

The Cabinet Office has warned Boris Johnson it will pull public funding for his legal advice for the Covid inquiry if he “undermines the government’s position” or releases evidence without permission.

https://twitter.com/gabriel_pogrund/status/1665050680048885760?s=46&t=bPTrpdgNggCdz9igvhmVyw

Just call a GE already lads

comment by Jonathan Moore (U11781)
posted 12 hours, 27 minutes ago
Exclusive with @HarryYorke1

The Cabinet Office has warned Boris Johnson it will pull public funding for his legal advice for the Covid inquiry if he “undermines the government’s position” or releases evidence without permission.

https://twitter.com/gabriel_pogrund/status/1665050680048885760?s=46&t=bPTrpdgNggCdz9igvhmVyw

Just call a GE already lads
----------------------------------------------------------------------
BBC:

‘[The Cabinet Office] said funding would only be available if Mr Johnson complied with certain conditions.

These included having to send any witness statement or exhibit which he intended to provide to the inquiry to the Cabinet Office to be security checked, and not submitting evidence until he had "applied any redactions" which the Cabinet Office had informed him were "needed before submission".

A Cabinet Office spokesperson said the letter in "no way" prevented Mr Johnson from providing the inquiry with "whatever evidence he wants to".‘

What? That is literally exactly what it attempts to do

Honestly, I don’t know who is representing the Cabinet Office in this matter, but they are starting to sound all of completely desperate, absolutely petrified of something or other, and, quite honestly, a bit thick.

Robert F. Kennedy Jr. on Fox: "We are being lied to about the Ukraine war... Data now shows that about 350,000 Ukrainians have been killed on the front lines and we're not being told that... the neocons in the White House have been provoking this war for ten years."

RFK Jr is a Russian bot ?

Like you, he's another conspiracy theorist.

comment by Hector (U3606)
posted 1 hour, 10 minutes ago
Like you, he's another conspiracy theorist.
----------------------------------------------------------------------
if something is as obvious as the nose on your face...how is that a conspiracy ?

Data now shows that about 350,000 Ukrainians have been killed on the front lines and we're not being told that...

What data?

Just data. Trust him.

RFK jr is a Trojan horse backed by Steve Bannon to cause chaos in the presidential race. He’s an anti vax conspiracy theorist who along with Tulsi Gabbard exist purely to cause mischief and lie their way to positions of power.

comment by Robb #gotheSwans (U22716)
posted 2 hours, 7 minutes ago
RFK jr is a Trojan horse backed by Steve Bannon to cause chaos in the presidential race. He’s an anti vax conspiracy theorist who along with Tulsi Gabbard exist purely to cause mischief and lie their way to positions of power.
----------------------------------------------------------------------
Are there any concrete links between Bannon and RFK Jr?

The Kennedys are as close as the yanks have to a royal family, this Junior fella seems a bit of an Edward.

Edward VIII?

Peks favourite Royal.
Unjustly ousted by the CIA.