Jeremy Corbyn wants to impose lifetime gift limits on children of £125,000

[ForTheLoveOfDoughnuts]

So we pay tax on what we earn. What we buy. And now this.. what's the point of working hard to help out our kids, for this to even be considered. Or AIBU?

@mummymeister

No i have not. you said this (theoretical tax) will be altered so it affects more people, i have pointed out that IHT has increased dramatically, its currently 325k per person and transferable, going up to to 1million.

You also seem to have completely missed that this isn't Labour policy & unlikely to be
Your rant on Corbyn is also wrong because he is't a communist, compare Labour policies to say the CDU in Germany? instead of getting your views from the 'Mail.

What office of state has (our new soon to be PM) Boris successfully held? his sole achievement seems to be to make sure Nazanin Ratcliffe will die in an Iranian jail or blown to bits by a coalition bombing raid and according to the foreign office, his staff spent their days clearing up his shit.

i'd have Corbyn any day than this shower of self serving tory idiots, who have failed spectacularly in every aspect of Govt and reduced the UK to an international laughing stock.

Corbyn appeals to the young idealists who don’t

Because he’s one of them. He thinks he’s still at university and he’s never moved out of that phase. He’s a professional protester, that’s all. Not a government appointment to his name. He’s voted against 17 separate anti-terror laws during his unimpressive career and has given support and sympathy to every anti-democratic and terrorist regime going.

I’d rather have anyone other this Marxist in No.10.

I know its not labour party policy. I said that in a previous post.

I dont get my views from the mail. do you get yours from Momentum?

Not once in any of my posts on this thread have I said I supported the tories or boris. You have fallen into the trap that people who dont like Corbyn must be Tory supporting right wingers. we arent all like that. Read my last post. I dont have an affinity to any politician or any political party. I have lost trust in all of them.

i'd have Corbyn any day than this shower of self serving tory idiots

And the self-serving Labour idiots? Hypocrites like Abbot and Thornberry, who send their children to private school but don’t want others to have that opportunity?

And the self-serving Labour idiots? Hypocrites like Abbot and Thornberry, who send their children to private school but don’t want others to have that opportunity?

this actually makes me hate them. It really does. I can't bear hypocrisy.

I am not sure Emily thornberrys kids were privately educated

I know Diane Abbott did, because she cares more about her kids than other mothers.

And the self-serving Labour idiots? Hypocrites like Abbot and Thornberry, who send their children to private school but don’t want others to have that opportunity?

That's really unfair. Ms. Abbot has already explained that West Indian mothers 'go to the wall' for their children.

shami chakrabarti did though.

Has anyone actually read the report?? The headlines are yet another attempt by the right wing press to discredit Corbyn.
The inheritance tax aspect is just a very small part of the report. The proposal is interesting. It would challenge the way we view home ownership, development, farming, and open public spaces in the UK. It promotes an increase in social housing, reforms for private landlords, property development, tax on second and empty homes and property owned by non doms. It advocates a careful and gradual reducing in housing cost (in real terms) which would allow many more people to own suitable property, and live in places that they currently can't afford. It would deter the wealthy from hiding their money in property, farming, and large scale development. It is just a report. Corbyn didn't write it.
Landforthemany.uk

It would deter the wealthy from hiding their money in property, farming, and large scale development

oh give over. Farmers don't hide their bloody money, they are businesses and pay taxes.

The inheritance tax aspect is just a very small part of the report. The proposal is interesting. It would challenge the way we view home ownership, development, farming, and open public spaces in the UK.

Oh good, that makes me feel so much better about it!

It's commissioned by Labour, Corbyn is their Great Leader, I guess that's why it's being attributed to him.

And people who own big houses with land (me included) don't hide their money either. Would it be better if I lived in a small house on an estate but had a few fuck off cars and flew off on holidays 4 times a year? Would that mean my money was less hidden?

I think it doesn't go far enough. It is set out to tackle inequality and that is what it does.

125000 pounds to be given to anyone who hasn't had to work for it is a huge amount of money.

Many inherit debt from their loved ones or have the struggle of paying for funeral costs.

Such inequality in society leaves those at the bottom knowing they will never get anywhere. They could work hard all their lives and still never have anything near what someone who has put in a fraction of the effort has.

Anything that makes our society fairer is the right thing to do.

and who is going to build all this social housing? Is the government going to oversee the property developers and set up their own building firms or will current developers have to build the houses without making any money out of it?

you can't 'inherit debt'!

Corbyn is lost in a mix of communist ideas and socialist rhetoric. The usual applies for both, nobody wins but the state. I wouldn't vote for Corbyn even if I believed that politics is legit, which I dont, I think it's all different roads to the same end. However, why anyone even hardened Labour supporters would vote for him is beyond me.

Anything that makes our society fairer is the right thing to do

People have very different conceptions of fairness. That’s the problem.

@Whatwillhappentomorrow

Do you think that fairytale is real? That heavily taxing people who have worked extremely hard for their children's future will then go towards the poorest? No, it will go on trying to keep the country on life support while people at the high end will leave in huge numbers, if a loophole can't be found, and the low end will continue on as usual with zero incentive to better themselves. These socialist ideas just put everyone on an equal level of poverty in a long enough time line. Only Sweden had any luck with it and that was with a small Swedish population that was easily sustainable, do you think near on 70 million people and growing will enjoy the fruits of a socialist society? Good grief!!!! Look at Venezuela and that's what we would be heading towards.

And the self-serving Labour idiots? Hypocrites like Abbot and Thornberry, who send their children to private school but don’t want others to have that opportunity?

How do you give everyone that opportunity?

They want far more invested into education for all, meaning the gulf between private and state education is reduced.

That costs money and taxes are the only way to get it.... so those that don't want to pay more are usually those who can afford the very best for their kids, assuming private education is better? considering the vast majority of our recent leaders were educated privately, that could be debated.

Anything that makes our society fairer is the right thing to do

The only way to do this is to prevent people who would be unfit parents, from becoming parents.

Anything short of this will fall similarly short of the mark, I'm afraid.

You've got a, very controversial, point there oilbaron

Venezuala again.

Why no comparison with Germany?

If you inherited 250k, you would pay an average tax rate of 12.5 percent. This is not high.

How do you give everyone that opportunity?

The point is that parents should be able to make that decision. If they wish to pay to educate their children, I fail to see why the opportunity should be removed from them.

They want far more invested into education for all, meaning the gulf between private and state education is reduced.

State education should be as good as possible, certainly. I don’t disagree.

@fibbke the report is not talking about everyday farmers who work their farms to provide themselves with an income. It talks about stopping the super rich using farmland as a tax shelter. It also mentions replacing the current EU subsidies following Brexit so that farms of less than 5 hectares can benefit, plus the revival of country farms

Heavily taxing people who have worked hard for their children's future..

Many people who have nothing to pass on have worked hard for their children's future. The children of rich parents would still inherit but a portion of this would be taken to help those who are poorer. They would still be better off. No child gets to decide their parents.

Giving life support would provide little incentive...

Or maybe it would create opportunities and stability for everyone to achieve their potential.

We would end up like Venezuela..

Or maybe we would end up like Northern European countries who are often rated the happiest in the world.