Quote:
Originally Posted by Sephiroth
What if you’re dragged into the IHT zone by this shitty government and you have/will have no care costs to consume that wealth? Why is it fair to tax my children on their inheritance?
Care could be funded from better spending choices by the shitty government.
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Why is any tax fair? Tax is necessary to fund everything we expect this country to be able to do for us. We accept that the fairest way to tax is to cream off a portion of wealth as it moves through the economy. It is no more or less fair to tax your children when they benefit from your estate than it is to tax their bank interest, or their wages.
NB Appealing to non-specific ‘Better choices’ is the last refuge of the NIMBY. ‘I don’t know how, just not that way’ is intellectually lazy. This is a discussion forum - propose some alternatives, and explain why they are more fair than inheritance tax.