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If you have a £750,000 do you not also have to contribute?
Not if you don't need care.
The current situation requires people that need care to pay for it if they have a small amount of money (or more). I would like a system where everyone pays towards care even if they are fortunate enough not to need it.
Kind of like the NHS model.
jellybaby-
An argument for a general wealth tax makes sense.
I quite like the idea of a progressive VAT too. Zero for cheap stuff, triple digits for the pricey stuff.
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That's ok by me, I'd be fine with that.
But like the NHS it will have two issues:
1: becoming a political football with little end user decision input
2: dishonesty about how much more taxes (where is a wealth tax...) read need to rise for an ageing populationSo therefore I think the structure and control need to be done differently, but I'm happy with shared pots.
NotThamesWater
JWestland
If you have a £750,000 do you not also have to contribute?
But of course you may still have inheritance left...with a carehome easily costing 20K a year the person with a 100K house may end up using it all up.