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Gordo's insidius reach (oh, did I spell that right?:)
Personally I think we should do away with inheritance. Give the whole lot to the government: if it reduces the tax burden that we all share than that's a plus, and if it puts an end to spoilt rich kids getting all of Daddy's money despite them never doing a day's work in their life, then that's a double plus.
We get taxed on our earnings, taxed on what we manage to save from what we are allowed to keep, then taxed on that when we snuff it. How many times are we supposed to be taxed on the same money??
I am not exactly rich but at current levels will get hit for a lot of IT. I want it to go to my sons, not parasitic pointless civil servants, daft wars, useless immigrants and assorted layabouts, ta very much.
Take it easy xoggoth - you have equally as good if not better chance to snuff it before you turn 75.
[quute]Give the whole lot to the government:[/quote]
Vectra, what do you think will happen when such stupid law is put into practice? At best people simply wont save money so they will be burden on the state to support them when they retire, at worse people will put money abroad and their kids will just leave this country for 6 months to get all the money tax free.
It is very easy to suggest very simple and very wrong policy decision - like in one country they decided to use capital punishment for rapes, and guess what - since you can only be killed once the rapers started killing their victims to minimise chance of being caught!
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