[Sephiroth]

Originally Posted by jfman

Yes, just like it dictates how much you earn, and the cut it takes when you spend (or gift to your children when alive).

There’s definitely an argument for better taxation, closing the tax gap, taxation of non-PAYE taxpayers and ending many loopholes. I’m at the front of the queue.

However in the absence of comprehensive reform I fail to see the value in one off tax exemptions for the children of the rich. We need to give it more teeth for those that avoid it.

You've boiled the IHT question down to one-off vs comprehensive reform. I can't argue against that, so long as IHT is abolished.

However, 'comprehensive reform' is pie in the sky because of the way politics works: dishonestly and not in our best interests.

Where I fundamentally disagree with you, is the disdain you have for the 'children of the ricj'. It's too broad a brush. I'm not rich but circumstances are such, particularly as regards the housing ladder, where I don't want the wretched state to rip off a serious chunk of what I could leave to my kids. Btw, if some of my 'wealth' is inherited and not down to my own hard work, it was down to the hard work of my and my wife's parents.



---------- Post added at 01:37 ---------- Previous post was at 01:37 ----------

Btw, the Qantas business lounge at Sydney is shit!