Thread: The Chronicles of Rishi
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Old 26-09-2023, 11:28   #1020
1andrew1
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Re: The Chronicles of Rishi
Quote:
Originally Posted by Sephiroth View Post

You could divide the nation into two groups:

1/
People who work diligently and build up their assets, including inherited assets/wealth.

2/
People who work diligently with little or no ability to build assets.

What I’m seeing here (Forum) are lefties of various flavours who regard unearned wealth as partial property the state can 40% take and give to group 2.

But say the wealth left behind in a will is all earned on which tax has already been paid? Unfair to tax it again just because it becomes unearned wealth for the next generation.

Lefties basically apply the politics of envy. Until they ‘get the foreman’s job at last’.
I've been observing a far more nuanced debate with commentary around funding social care and how much you tax the hard-working entrepreneurs and employees of today and how much you tax those who have the good fortune to inherit substantial sums.

Conclusion seems to be that unless you've millions, a lot of wealth will end up funding care so not a massive issue for many people.
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