cyprusgrump wrote:Lordo wrote:and of course add to that the fact that if you give your estate to your children longer than 7 years before you dies, they do not pay a peny on anything. it is about time that was changed too. remove that for estates more than 1 million in todays prices so that rules does not apply to them and have a scale going up from 10% to 50% would not be that bad either.
i must write to my mate about this. i pleade guilty for writing to him about stopping the ability of shifting profits to tax havens. although he did not reply clearly it may have had an effect.
Questions: Why do you think it is right to tax assets after death, assets that they have worked all their lives for and paid appropriate taxes on? Why should they be denied the right to hand those assets on to their offspring?
It is surely one of the most vile taxes. Or is it just a greed/envy thing...?
Please show your workings and try to avoid profanity and insults.
i don't need to think too deeply about this and no need for profanity. i believe that if duke of westminister worked so har for his estate he should have been able to pass all his estate to his son and his son should not have to fought the government for decades to keep his estate from transfering from his father.
you talk about vile situation. what is not vile about keeping billions of pounds in wealth while others were starving in the uk and the world. imagine if we are not talking about money but about food. imagine if one man has a billion loafs and 99% of the population has to share and get about 5 grammes of a loaf each day. or lets take water. imagine one man owns 100 billion tonnes of water whilst people were suffering from dehydration.
how would you feel about this situation. money is no different. how much can you eat and drink and shit in your lifetime and what is the point of keeping billions of times more than you need while the rest look on and most of the time it was handed down from your family.
of course the obvious question we cannot escape. how did the dukes get their wealth did they work hard for it? like f...... i must not swear.
their wealth was stolen from the public with the enclosure act centuries ago. so was all the native pibols' land stolen where ever the brits touched the gorund.
having said all that i agree that if a man worked hard and got himself couple of houses and wishes to hand them to his family he should be able to do so, except that they already can without paying a penny tax. i bet you did not know that did you.
lets see how clever you are if you can work that one out.
i know a fellow who cannot not read and write. he was orphaned when he was very young and had to work very hard to get what he did. he was unable to read or write all his life and he managed to transfer all his wealth to his children fairly with no arguments. we are talkinga lot of properties not like one or two houses. right? a lot of people made a good living with him till the war started. but he was no filthy capitalist, he paid good wages and all his workers loved him and people all over cyprus came to work for him pre 1963, gc tc made no difference.
now you tell me
if it is not greed and selfishness that drives these people to be worth billions whiles other starve, what is?