Loony Labour Loony Labour - Page 2
Page 2 of 2 FirstFirst 12
Posts 11 to 13 of 13

Thread: Loony Labour

  1. #11

    Godlike

    jamesbrown is a fount of knowledge

    jamesbrown's Avatar
    Join Date
    Dec 2011
    Posts
    7,225

    Default

    Quote Originally Posted by _V_ View Post
    Which would be my flesh and blood family, which I've worked myself half to death for, and on that basis I will vote Tory until the day I die.
    Sure, as I said, IHT isn't the vehicle I'd choose, as it's insensitive, but the tax system massively favours property wealth as distinct from other assets and earned/unearned income, and it embeds this across generations. As with many other reliefs, IHT includes special provision for property. Whatever form property taxes take, they need to increase relative to other taxes (if not in absolute terms) and with a focus on boosting supply. The problem with stamp duty, for example, is that it reduces supply.

  2. #12

    More fingers than teeth

    OwlHoot - scorchio!

    OwlHoot's Avatar
    Join Date
    Jul 2005
    Posts
    14,352

    Default

    Quote Originally Posted by jamesbrown View Post
    As with many other reliefs, IHT includes special provision for property. Whatever form property taxes take, they need to increase relative to other taxes (if not in absolute terms) and with a focus on boosting supply. ...
    Boosting housing supply is absolutely futile, worse than useless in fact, if all it does is give politicians the opportunity to bus in ever more immigrants to take up the slack. We'll be back to square one with even more people deprived of houses they need and even less countryside.

    This is what Labour did in the early 2000s, in a failed attempt to "lock in" a new underclass loyally obligated to them (so they hoped, and they actually admitted this), and it's what they would/will undoubtedly do again if given half a chance.

    Although Labour have historically been the main culprits, Tories are far from blameless, and all have been constrained to some extent by EU policies and the ridiculous human rights treaty.
    Work in the public sector? Read the IR35 FAQ here

  3. #13

    My post count is Majestic

    d000hg - scorchio!

    d000hg's Avatar
    Join Date
    Dec 2007
    Location
    My house
    Posts
    32,124

    Default

    It's not a shock, Labour have always been pro-IHT haven't they? Whether it's nuts is a question of idealism - should money be yours when you die or not - so there are only subjective arguments based on personal viewpoints. I'm anti-IHT myself any imagine most here are also since we're largely quite right-wing.
    The IHT allowance is a great idea IF you are pro-IHT as it means you can still pass money on up to quite a large amount.

    Note that Tories were trying to put up IHT by another name in the probate sliding scale fees which they have dropped between Budget and GE, but are probably likely to go after.
    Quote Originally Posted by MaryPoppins View Post
    I'd still not breastfeed a nazi
    Quote Originally Posted by vetran View Post
    Urine is quite nourishing

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •