Quote:
Originally Posted by Sephiroth
So that's the justification to rob from ordinary people who have inherited their parents' homes? The very rich don't notice it (nor do they seem to die).[/COLOR]
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It's just as much 'robbing' as any other tax only at the moment fewer people are impacted by it. You could also argue that why should it fall upon me and other working-age people to pay for the social care of people who've accumulated a lot of wealth through a boom in house prices?
But my larger point is that Sunak will spend the next year promising tax breaks that you'll never see or will be reversed after the next election. Either he wins in which case it's done it's job or Labour wins and has to implement unpopular tax rises in their first year.
This country has a large amount of debt, an NHS with huge waiting lists, infrastructure projects that need funding and are on hold, and the whole mess that is social care and pensions which cost more and more each year with the triple lock.
The scope for serious tax cuts is limited. IHT might get away with it because it impacts so few people and fires up their base whereas raising the 20% and 40% tax thresholds with inflation would actually be fairer and impact more people but actually would cost money. So they keep that effective stealth tax rise whilst making a big show of cutting tax for the richest estates.
Sunak/Starmer are lying if they say otherwise.