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?

Had I gone to the kind of sink comp so beloved of the left I would no doubt be earning MW (if at all)

Some parents did go to the local comp, received a lousy education and swore they’d work their backsides off to make sure their children had better opportunities than they did. Some parents worked three jobs, never received a penny in benefits and ate value noodles once a day to try to build a road out of poverty for their children, because they knew from experience the state couldn’t be relied upon to provide it.

But they’re somehow the problem - giving their children unfair advantages and privileges, paying for it with the money they earned from menial jobs, the only jobs the ‘privilege’ of shitty state education equipped them for. It’s so unfair of these parents to try to do the best for their children.

No breathless appeals to the greater good can persuade me that I should part with more of my tax than absolutely necessary. It will never, ever be enough to satisfy the left.

No, it never is!

A fundamental right? Hmm, what do we rely on to protect our fundamental rights

We won’t agree. We have totally different worldviews. You place your trust in the state, in other people. I don’t.

" This was a thread about changes to IHT, to which I am opposed on both political and ideological grounds."

Yes, and the objections to it are that taxation is theft and that you shouldn't have to pay more than you want to/or currently have to.

In fact you wouldn't pay more of anything, and the vast majority of people would, the difference is that some people would pay slightly more on income that they have not earned.

I utterly understand the arguments I am making.

" Its so unfair of these parents to try to do the best for their children"

Again an allegorical appeal to emotion and virtue. There are great many parents who work 3 jobs, and didn't get a great education, who work hard, and for whom it does not pay off.

The fact is that the "hard work pays" stories are not related to the data which shows that social mobility has deteriorated since the
1970's. Rising inequality is a massive issue in our society.

The changes to IHT were recommend as a part of a Resolution Foundation report on resolving levels of inequality and how to resolve some of the issues that are debated on MN every day.

Bit strange to equate comprehensive schools with a lousy education.

Millions of people went to comprehensive schools, went on to university and got good degrees

My comprehensive was pretty dire - it was burnt down not long after I left (wasn't me guv).

"You place your trust in the state, in other people. I don’t."

You ignore the role of the state, I acknowledge it.

" It will never, ever be enough to satisfy the left." ]

This is frankly a ridiculous statement to make. Historically under both governments of left and right since 1945 taxes have been higher than they are now.

There are great many parents who work 3 jobs, and didn't get a great education, who work hard, and for whom it does not pay off.

So what? What’s your point? Those parents are willing and able to try! Are no children to benefit, because all children cannot benefit?

Bit strange to equate comprehensive schools with a lousy education

Not when it’s your own experience, no.

You ignore the role of the state, I acknowledge it

You want a big state, I want a small state.

The point is that you made an allegory equating success with effort, its not the case.

All children in the UK could be guaranteed better chances, if we were prepared to fund it. Living standards, poverty levels and social mobility are higher in countries which are.

You see this as winners and losers, I think a rising tide should life all boats.

"You want a big state, I want a small state."

No you want the bits of the state that directly benefit you and want to get rid of the bits that don't.

The point is that you made an allegory equating success with effort, its not the case

There can be no success without effort. You have to at least try.

All children in the UK could be guaranteed better chances, if we were prepared to fund it

Some people don’t want to take that chance with their children’s education due to learned experience. They prefer to take direct responsibility themselves.

You see this as winners and losers, I think a rising tide should life all boats.

You can only row your own little boat in this life. I have no interest in trying to row anyone else’s.

No you want the bits of the state that directly benefit you and want to get rid of the bits that don't.

Wrong. I want maximum personal freedom and maximum personal responsibility

Not when it’s your own experience, no.

But you didn't have a state education, so not quite your own experience eh?

No, my father’s.

"There can be no success without effort. You have to at least try."

Maybe that should have been phrased better as " equating wealth with effort".

"Some people don’t want to take that chance with their children’s education due to learned experience. They prefer to take direct responsibility themselves. "

And they are free to do so, and get tax breaks for it. However, this option is not open to everyone and shouldn't mean that those who can't afford to are significantly disadvantaged.

No one is talking about taxing the money you give your children at 40 or 50%

Even if you left your sole child a million, under this tax suggestion they would pay an average rate of 15%.

This option is not open to everyone and shouldn't mean that those who can't afford to are significantly disadvantaged

I never said it should.

Maybe that should have been phrased better as " equating wealth with effort"

No, I never said that either! But I know people’s words and vocabulary mean nothing to you Zippee, I know you like to read into what people are really saying, interpret the words, tell us what they really mean...

No, my father’s.

So not your own experience.

Sinkgirl

Yes I have driven on a road. But I have paid for the privilege through road tax and petrol duty.

Yes I have seen a gp.
Again I have paid for the privilege however won’t be going again.

So far seeing a gp has resulted in deaths in my family and a Dp who is terminally ill because doctors refused to test Dp in time Dp visited the doctors on numerous occasions with every classic symptom of bowel cancer even told them his dad had died from bowel cancer and it was the genetic type. The doctors just wanted to treat one symptom at a time.

As for privileges

No I don’t claim benefits, my children went private or were HE and when they did go for a couple of years to the local state school you have not to forget we did actually pay for it through our taxes.

The house my family got given when they arrived in this country no English person would have lived in.
Next door were 3 brothers from India with their wives and children
Don’t ever remember it being a predominantly white English area. Although technically I am white and am English because I was born here. Just my parents generation weren’t.

If you raise taxes then you get less tax in. People have less money to spend and the economy slows down.

Conversely if you lessen taxes people feel like they have money in their pocket and some will spend that money on goods and services

We only have to look back to the 70s taxation and see how the country fared then.

Those that could left. I started work in the 70s and basic rate of tax was 33%

So not your own experience

Oh, aren’t you a smart cookie! Not that it was impressed upon me as a child exactly why he worked all the hours god sent. I never knew why I had to read road signs for my mother... might have been due to their poor education, maybe?

@Oliversmumsarmy

I’m so sorry about your DP

Isabella

You don't need to be a "smart cookie" to understand that since you didn't go to a comprehensive school then it is not your experience and you don't actually have the evidence to call it "a lousy education".