Quote:
Originally Posted by Sephiroth
Utter, total rubbish. Ordinary people with assets > £1m are not the greedy bustards that you and The Daddy put forward. The taxation instrument is too blunt to be fair, particularly when the useless government can drag people into the net by fiscal drag.
The millionaires aren't affected by this - just ordinary people.
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It'll impact like 3-5% of the population is what I read.
At some point, this country will need to fund a lot more social care. That's going to have to come from some taxes anyway. *Expanding* IHT is one of doing it. It'll be that, a new tax, a new fund people pay into like a pension or something like May suggested of housing being used more to pay back the cost after you die.
Sunak thinks he is losing the next elections so he doesn't really have to worry about this kind of thing and will leave it to whoever is next.