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You'd only have £259k left after paying the wages of your nanny.

Just the spending money really. Nanny, other staff, little ladies spending money, is all routed through my shell company into my loss making drive tarmacking business. bout 2.5 k does for that. paying them more will just make em lazy.

One of my A level students is a Tory, though in terms of background and education he doesn't necessarily fit the traditional mould. He's a very open minded rather than dogmatic type, who had his beliefs before he had his party, which makes it a little easier to take (and to teach him about political ideologies).

However, he has very strong anti-inheritance views, believing that it entrenches privilege and doesn't reward merit. It doesn't go down too well with his local constituency party but it is quite interesting.

It's been very difficult to keep my political views to myself while teaching them, but I decided to do it by just always arguing for whatever point of view they are studying (I'm currently an anarchist, so it's hard to explain how I have a legitimate, practical plan for government). The Tory thinks I really am 'a modern liberal, in the style of TH Green'.

Hang on, wut? I'd have thought a dislike of inheritance tax is a pretty sure-fire way of identifying a Conservative.

Anyone with a shred of liberal leaning understands why inheritance tax is a thing.

You are right to be wary of anyone who identifies as a Tory from a young age. If it's true that you get more right-wing as you grow older then he'll be to the right of Hitler by the time he's thirty.

Sorry I completely mis-explained that.

He is a big fan of inheritance tax instead of income tax, and would ideally abolish income tax and stop inheritance altogether.

You should also be wary of born-again Conservatives. It was a bunch of ex-socialists/liberals that gave us the Neoconservative movement. Like born-again anything, they're always a bit more sure of their position and a bit more ideological. Sort of like ex-smokers or people who've moved away from London.

Holy shit, 2/2... 😒

:(

ha!

would ideally abolish income tax and stop inheritance altogether.

Does he live at home? Assuming he's not renting yet, should his parents pass away tomorrow under his own rules he'd be in a bit of a pickle.

He lives under the care of his grandmother, and I think the local authority own her house.

Don't think we quite got to why inherited wealth is bad apart from taking the ad hominem approach with its recipients...

Give 10 people who work in non-managerial "unskilled" roles £1000 each. They will almost definitely spend that within a few months, a year tops. More spending = stronger economy. That £10k of spends may also translate into extra income downstream, after which it will get spent again...

Give £10k to a C-level exec whose kids are already adults and they'll dump that cash into savings where it will do a grand total of fuck all for the economy.

Cutting tax credits and other government welfare is just one of the ways Gideon and Hameron screwed us all over long into the future, avoidable with a basic understanding of Keynesian economics and the role of government spending as a catalyst of the economy.

Celebrity lookalikes thread >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

http://www.manchestereveningnews.co.uk/news/greater-manchester-news/wythenshawe-jobcentre-shut-after-arsonists-10574108#ICID

Sanction this.

Also, untaxed inheritance increases the socio economic divide by keeping money in the families of the already affluent. This would be compounded by our already dysfunctional housing market.

I tend to take an immovably dogmatic approach with friends/colleagues in discussions in which I advocate a 100% inheritance tax on property. It's not really conducive to reaching a consensus but does expose the pretty awful views of some of my wealthier friends.

The fact is that some people are incapable of appreciating that the reason daddy got rich is because other people are being made poor. To say one "earns" their fortune is an increasingly crass and inappropriate euphemism.

I guess it's easy for me to say, though, given that my parents have made it abundantly clear I'll be getting absolutely fuck all.

Is that true though? Does it follow that for me to earn (say) £20,000 someone else can't earn it, that there is a finite quantity of earnable money at any given time and that what one person has is therefore denied to another?

I don't believe that to be the case, but maybe I really do have a doppelganger who is the negative of myself, who has a negative salary to balance mine out.

I wish he'd stop stealing my cat.

It is true that most very wealthy people make their money from dividends and rent, rather than wages. So this is actually 'unearned' income.

It could also be argued that by maximising profit and shareholder value, companies are screwing workers over. Amazon is an example.

I may be totally off track though.

It could also be argued that by maximising profit and shareholder value, companies are screwing workers over.

Both directly, in the form of remuneration / benefits / working conditions, and indirectly, in the form of tax optimisation, pollution and legislative lobbying.

Most conservatives don't undestand how much benefit they get from just being born in the right place at the right time, within a socio-economic circle.

I also am an advocate of the 100% inheritance tax - we need a leveller so every child is equal.

Well my point is that broadly for one person to succeed, there are inevitably a large number who have to fail.

It's interesting that all this came from a story re: Council homes and the right to live in them for a lifetime and pass the right on to dependents. The argument is generally that by remving that right you'll be splitting up communities and so on.

Wouldn't the same issue be there with 100% IHT. If your parents live in London there's a good chance you wouldn't be able to afford that property (or one in the area) when they died, giving the same issue of splitting up communities.

Rich people don't live in communities or have friends. Just money gangs and cronies.

i think my main issue with the housing thing (other than it's wholly unnecessary and seems to be motivated more by spite than anything) is that given the clusterfuck that was the human misery machine know as ATOS it's probably not going to be assessed fairly and a shit ton of vulnerable people will get thrown out on the street or forced to abandon their lives and move to the other end of the country based on the decision of a single power crazed civil service worker drone.