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I think it's a good idea and will add value as people can use it for education / investment / housing, but it should come out if wealth and inheritance taxes.
I mean if I inheritance drives this inequality maybe tax that more?
JWestland-
His proposal was to decrease current threshold but also rate at which taxed. Not sure how much more that will save, but will capture a larger bracket who would pay as most high net worth individuals prob put it into IHT avoidance vehicles already.
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Prices will increase and the Tory hoarders will get the wealth. There's likely no real value in it.
jupiz
Grumpy_Git
Disgraced former Tory minister,
now a Lord think tanker,
suggests £10k for every 30-year old, just in time for a Labour government to foot the bill:
https://www.theguardian.com/politics/2024/mar/02/tory-peer-calls-for-10000-citizens-inheritance-for-all-30-year-olds