Off Topic The Politics Thread

Scrap inheritance tax
Doesn't exist here

 

So 10% without the deductible then. Sounds like double taxation.

As to the rest, my reaction is that I'm far from convinced that the standard of care homes would improve by being nationalised. Giving people choice, sorts the good from the rubbish. But you're right, a solution must be found to this pressing issue, and with NHS and furlough driven debts, we're all going to be taxed heavily over the coming years. That's a given

 

I'm not being facetious - genuinely confused about what you mean by the death tax. Do you just mean increasing IHT to 50% or am I missing something?

 

An immediate additional 10% on the value of the estate and before any IHT deductibles on behalf of the beneficiaries..

What do you make of the other suggestions? I have no real idea of how workable they are, but we need something more radical than Johnson's plans.

 

Got you. I do think something needs to be done to close IHT loopholes as many of them are ridiculous. No idea how feasible a flat up front 10% is but it's a start.

I'm sceptical about increasing income tax to be honest. Everything I've seen on what happened when the 50p threshold was introduced makes me think a 2.5% rise won't really raise much money from the well off and would just hit the 'squeezed middle', just like the NIC rise. See: https://ifs.org.uk/publications/7066

I'd prefer them to look at all the non means tested benefits which over 60s benefit from. Free bus passes, TV, winter fuel, no NIC after state pension age etc. I appreciate that will never happen however.

 

Death and taxes
And then more taxes on what's already been taxed after death
Why not go the whole hog and confiscate the lot

 

Amazon is refusing to disclose how much tax it paid on profits in the UK - presumably because it's so miserly, it would be an embarrassment. I realise they're investing heavily in the UK and creating jobs, but surely we need to know what tax they pay, and be persuaded they pay their way.

On another note, I see that the socialist writer, Hilary Mantel, is moving to Ireland, because the Irish don't charge writers income tax. However, she's dressing it up as an anti Brexit vote, telling Italian media that the UK is a disgrace that doesn't deserve her. What a ****ing hypocrite.

 

I can just about remember my grandmas passing and my mother and stepfather caring for her in our own home. My mother sacrificed her job to do so and many other sacrifices were made. She wouldnt allow her to go into a care home and it actually turned out cheaper than doing so but that could have been different if she had lived longer. Social care in every aspect needs a joint party plan across the board so that everyone knows the score and can attempt to rationalise and relatebto it.

 

How much will these raise and what will it be spent on? I can’t see how these are any more progressive than what the government is suggesting, you’d have to increase the % paid by income to do that ie at £20k you pay 0.5% more, at £100k 2.5%. The current version isn’t entirely regressive though, I’ll still be paying 5 times more than my son, which I am totally fine with. The 10% death tax will take 10% of Granny’s £1000 legacy, which her kids could really do with, as well as Philip Green’s billions. Although it won’t, of course work with people like Green who will avoid this with ease. It could end up very regressive indeed.

Reform the services so they are worth paying for and ensure contribution into a ring fenced insurance system for health and a similar one for social care, with contributions rising progressively according to income - which should include shares, savings, rents received, private pensions ie wealth. Then watch the wealthy find ways around it.

 

I'm afraid I don't know how much they would raise, as I've already admitted. My main points were that private care homes should be nationalised and that no one should have to pay anything for their care at the time of need. I just offered up some ideas as to how this might be paid for.

Income Tax is much fairer tax than NI, which I would scrap entirely, but your wealth tax help too. Getting tech giants to pay proper levels of tax would be another idea - why can't we tax them on turnover rather than profits, which can be hidden? Perhaps diverting resources from clamping down on benefit cheats towards stopping the wealthy avoiding and evading tax would raise a bit more, too.

This stuff depresses me.

 

The 3 years on NIC raises will bring in just 1 billion less than what was the reprted figure paid for test and trace to the private companies. Add in all the wasted millions spent on useless PPE, tax avoidence of major companies etc then its clear to see how poorly this has all been run by those in charge.

 

It’s capitalism mate. Ideally we’d tax the very wealthy out of existence and then ponder where this leaves the market economy.

We’ve been a (relatively) low tax economy for a long time, and it’s been the ‘aspiration’ of all governments since Thatcher to reduce taxation. No one ever says ‘of course you will have **** services as a result, and have to spend the money we haven’t taken as tax on them as well’ and now there is a level of expectation baked in. The Telegraph has a leader today saying that this is ‘the death of conservatism’, the stupid idiots obviously hadn’t realised that it died when they became a populist party.

Nationalisation might bring about some standardisation of quality, but not necessarily high quality. The major issue is staffing, 112,000 vacancies and **** wages. Improve the training and wages, increase the tax.

Free care when you need it, including accommodation and food? I think it’s fair enough that at the very least your state pension should be taken, or most of it, to pay hotel costs. If I happen to have a private pension as well am I allowed to have perhaps better quality accommodation if I pay for it? Or are we levelling down?

Tax on turnover? Just for tech companies? Would work for some, would destroy others.

It is depressing, everything has a counter argument no matter how reluctant I am to deploy it. We need a government that is prepared to say, ‘this is a reasonable profit for a company, and this is a reasonable income for an individual, we are taking everything else and using it for those who haven’t achieved ‘reasonable’ yet’. A revolution in other words. Even then it leaves the superstructure intact….

 

Amazon are taking the piss (even Goldie said so)....

Amazon pays £492m in UK tax as sales surge to £20.6bn - BBC News

We've got to find a way to stop multi-nationals avoiding tax by hiding their profits in tax havens.

 

Yeah especially with the Inheritance tax. All the super rich chuck these into trusts (no idea how it all works) and pretty much bypass the inheritance tax laws

 

you mean a war against big tech like china. I don't think we'd like that over here

 

Not just big tech. But it’s not going to happen so no need to worry.

 

This is all becoming a bit of a disaster in the making. Poverty in this country is at a high and these tax rises along with the universal credit reversal will push more and more into poverty. Is this levelling up? Is this building back better? Why should i contribute more NIC when a landlord of multiple properties doesnt? The lies over the course of this parliment, the u-turns and bullshit is becoming more and more apparant. Thank **** the Tory voting members of my family are finally seeing what they voted for! Unfortunately they, as it stands, cant see themselves voting for any party in the future but have all stated that they will definately not fall for the bullshit again.

 

Democracy is a word that should be abollished in this country! It doesnt exist. If a party, any party is voted into power on manifesto pledges and promises and then procede to break them, twist them or prove to be just out and out lies then there should be an immediate election. Its ****ing pathetic that we are dictated to in this way and we sit and take it like ****ing plebs.

 

A petition to make lying in parliament a criminal offence has hit the 100,000 signatures required to prompt a debate in parliament.

The petition was partly inspired by a viral video by lawyer and activist Peter Stefanovic which catalogues a number of lies told by Boris Johnson in parliament.
This should be the starting point to try make society improve

 

Sounds great, but to prove a lie, you have to prove intent. Politicians like Hilary Clinton say they "misspoke" when caught out with an untruth. Which presumably means, she's saying she made an inadvertent mistake. It's hard to prove otherwise.

In the 1960's, John Profumo told a lie in relation to an important security matter. He was shafted for life. So I'd say the current petition isn't worth anything