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Its an absolutely evil policy. A person's house has been paid for with money that has been taxed already, including NI which is supposed to cover the cost of your social care anyway.
This won't affect wealthy property owners, they will have enough cash in the bank to pay for their own care anyway. To scrape from ordinary people's estates is evil to the core.
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To scrape from ordinary people's estates is evil to the core.
No it's not. Why? Because it's been doubly taxed? That makes no sense. Is any policy, however progressive, which involves something being taxed twice morally repugnant to you?
All inheritance does is further social inequality by giving people money and/or assets that they haven't earned. Fuck inheritance.
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I agree that it will affect the middle wealth individuals more than the properly wealthy, and I would always choose a lower stricter Inheritance threshold that also cracked down on trusts etc over this any day, but for the Tories this isn't fucking over the properly poor which is surprising and is a realistic way of sorting the problem of an ageing population.
To me the idea of getting those owning a home to pay for social care after death through the money from their home seems like a not to0 evil policy, though i'm sure pensioners don't see it that way. Ironic it comes from a party which massively upped the inheritance tax limit and got it to ignore some homes.