Labour and tax

[Iwishicouldflyhigh]

Is anyone else concerned about all the talk about Labour getting in and then increasing lots of taxes - capital gains, CT, tax on pensions etc. I'm accepting that they are going to get in, but i am genuinely concerned that they are going to clobber the middle classes.

I don't think that KS is a bad person (actually - with a few exceptions - i think that most politicians at least START in politics with the correct intentions), but i 'm worried that his genuine ideals are far more left then he is making out. The rich will be all right (they always are), but the middle classes (of which i am one) - i'm genuinely worried. He supported JC for God's sake!!

I think that people are genuinely so pissed off (rightfully) with the Tories, that they are voting in Labour with the idea that they can't be any worse. But i'm concerned that they might be (for different reasons).

Can any party really fix the issues in this country?

Please talk me down, someone!

Yes this is what I mean , it's so hefty. Unfair when you have worked all your life , paid tax on it and you get taxed again when you die! Endless!!! Is it still the case that you can sign over property to family?

I agree. And I would go so far as to say tax anything over £2 or 3 million at 50% or more. You don’t need that kind of money and that would start to address the massive inequality we have where a small part of the population Hoover up assets, make even more money from them, Hoover up more etc, leaving many people unable to even get on the housing ladder ever.

You’re dead at that point so why do you care if you pay more tax? It’s only on a proportion over £325,000. So it’s only a percentage of the estate over that amount.

I actually agree with this. It would be a lot fairer for everyone and raise more money.