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?

I do more for those people that I supposedly don't care about than you ever will - simply by paying so much tax already.

Oh dear, have I hit a nerve? You have absolutely no idea what my DH and I pay, so saying that you do more than I ever will is ludicrous. It’s interesting that you assume anyone who gives a shit about vulnerable people must be a low earner themselves.

I have two disabled kids to take care of now so my own tax contributions are far lower than they were, as prior to kids I was a higher rate tax payer. I do however give a lot of time and the benefit of my specific experience for free to people in vey difficult situations, to help them get out from below the poverty line.

DH and I have a limited company and pay more tax than we need to, we could pull all sorts of shit in legal tax avoidance, but that would make us part of the problem.

What I resent is the government trying to screw me out of even more, let alone the next generation as well.

Yeah, those poor kids from the next generation, potentially having to pay tax on part of the hundreds of thousands given to them for doing nothing other than being born to wealthy parents. I’ll save my concerns for the kids growing up extremely poor and having no chance of ever accessing that kind of wealth, thanks.

Nice cherry picking there.

The second part is social spending. Government takes money from richer people and spends it on poorer people

You can't make that distinction easily. I benefit if I live in a country where everyone benefits from education, national parks, libraries, sport, the arts, national parks etc.

I've read Dickens and I don't really want to return to the 19th century thank you very much.

Yes, let’s go back to the days of land barons and peasants. Of only the wealthiest being able to read or access education, or healthcare. I’m sure that would suit some here quite nicely.

Don't we do this already

(I appear to have said national parks there, but to be fair parks are great!)

My taxes pay for all sorts of services I don’t use, I most definitely contribute more than I consume. That’s being a comfortably off citizen in a civilised society.

Those poor kids from the next generation, potentially having to pay tax on part of the hundreds of thousands given to them for doing nothing other than being born to wealthy parents. I’ll save my concerns for the kids growing up extremely poor and having no chance of ever accessing that kind of wealth, thanks.

So punish the children of those who have earned and saved, and reward the children whose parents didn’t or couldn’t? Yeah, that makes sense.

So punish the children of those who have earned and saved, and reward the children whose parents didn’t or couldn’t?

So punish the children who have disabled parents?

Yup its easy to feel morally superior to someone who spouts that kind of shite

The main quirk of psychology socialists possess is that they believe that when we work and save all our lives all the money we produce actually belongs to the State, which in its infinite generosity may deign to permit us to enjoy a fraction of the State's money by not extorting it from us in taxes.

That's a frankly bonkers view of the world. I understand and accept that some of my money should go to support national programmes such as health, defence, police, etc., but the point is it's my money that I'm sharing with the State, not the other way round.

So punish the children of those who have earned and saved, and reward the children whose parents didn’t or couldn’t? Yeah, that makes sense.

Practically speaking, people who don't save tend to pay a lot of VAT, if it makes you feel any better....

So punish the children who have disabled parents? Yup its easy to feel morally superior to someone who spouts that kind of shite

Works both ways, you know! Are you so morally superior to the parents who wanted their money to support their disabled children after their deaths, and children who want to support their disabled or elderly parents?

Why would people take that risk - creating jobs and generating cash - if the benefits are confiscated and thrown onto the funeral pyre of state spending?

So they can feel warm and fuzzy inside, I’d imagine, smug and self-satisfied in the knowledge that they’re virtuous and deeply moral.

Broom, I've Been that for years which Is why I cringe cringe cringe when posters boast how far left they are.
Terrifying!

So they can feel warm and fuzzy inside, I’d imagine, smug and self-satisfied in the knowledge that they’re virtuous and deeply moral.

So that they can drive their expensive cars on roads without pot holes and with traffic lights, I would imagine.

Not a lot of VAT per se merrymouse - just more VAT as a percentage of total earnings.

I think you missed my point which was that expenditure is also taxed.

In my experience, socialists just want to grab every penny they can and fuck the people to whom the money actually belongs. While considering themselves morally superior for their parasitism, of course

What the tories have done is give the impression of lowering taxes, whilst putting up the so called indirect ones, Council tax in particular, Insurance tax, the costs of adult social care, dentistry..(my DD has never been able to see an NHS dentist)

i needed specific care for a broken hip, the nhs waiting list meant i'd lose my job, so i paid for it.... just another tax.
My friend smashed up her car on a pothole, £1200 later... just another form of tax.

I used to live in Sweden, marginal rates of taxation were over 50% BUT we had fantastic health, leisure, transport, roads & education, there didn't seem to be a lot of extremely rich people either.

Sweden has changed in recent years, embraced market reforms, its not made the place better at all.

If you are paying 6 figure sums in tax, then your earning it too, i used to love having a tax problem :)

And of course if you’re paying 6 figure sums in tax you’ll view the current IHT arrangements as practically voluntary as only the lazy or stupid don’t avoid it

Our council tax went up slightly after being frozen for a few years.

Would rather that than JCs ridiculous taxes

I imagine most people would be delighted to be in a position to pay £100k in tax.

But you think it’s fine to call people lazy or stupid because they don’t avoid tax?

And in then one breath you say left wingers are talking bollocks about tax avoidance and in the next breath you say “oh well all the NHS consultants including my DH do it, but that’s OK because my DH isn’t hypocritical about NHS funding”.

Unbelievable.

I’m not a Labour voter btw.

We also pay large amounts of tax - and having worked in Scandinavia I perhaps have a different view on tax take and social welfare.

Unbelievable to say others’ view is demonstrably bollocks and then go on to provide evidence they’re right.