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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.
Fox-
Yes, I think double taxation is murky and shit. Why should anybody pay 12% of their income towards possible health and social care costs and then have to stump up a chunk of their house value at death?
Sure, there are strong a guments for inheritance tax. I agree that I can't write that off as unfair double taxation, but the dementia tax definitely is.
A person on the average UK salary could expect to pay £150,000 of national insurance between the age of 20 and 60. Not forgetting that employers pay similar into the pot. £300,000 per average earner...shouldn't that be enough?
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I agree with inheritance leading to more inequality.
But I also find it hard to trust the government not to screw over my kid after I'm gone.
See the dilemma? How can it be sold? :)
Stonehedge
JWestland
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.