Which group of voters massively favour the following?
• A higher levy on the banks
• Making people who can afford it pay more in taxation
• Giving more employment rights to temporary workers employed through agencies
• Introducing a higher minimum wage
Answer:
Conservative voters (and everyone else)
everything is ok except Inheritance Tax at 40 per cent. Why should people lose half their wealth when they die? Britain needs more wealthy people to create social stability. financial stability and people who can fund the Big Society. Billionairres seek to be philanthropic. We kill off that potential by taxing rich families on death. It kills many good motivations. Get the state off our backs. It's our money. We earned it. Go for wealth, not debt. Governents are irresponsible with money. People are not.
ReplyDeleteYour philosophy of "trickle down" economics has been tried, tested and proved to fail. Inheritance tax isn't applied to the first £325k so it's the majority of people are untouched by it anyway.
ReplyDeleteSurely the inheritors of inheritance will be strong believers in earning their own way rather than living off their parent's wealth?
I'm not going to defend the government as perfectly efficient with money but do you have any evidence to suggest that private individuals would use it more effectively towards the countries interest?
Tapestry - inheritance tax is frequently cited as the most 'unfair' tax by the political right, and yet it is actually one of the fairest.
ReplyDeleteIt's an odd argument that right-wingers make: on the one hand they profess to care about the value of hard work over laziness... but on the other they lobby heavily to protect unearned wealth and inherited privilege.
How can a society that allows a tiny majority to inherit huge amounts of wealth and use it to maintain their position be seen as fair?
If anything, income tax is less fair than inheritance tax. The former taxes the act of working, whereas the latter taxes income passed on without the recipient having worked at all.
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ReplyDelete