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by voidr
570 days ago
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According to the government this inheritance tax change can end up generating at most £0.4-0.5 billion, which does nothing for its over £1,100 billion spending, there is no monetary justification for this change, only contempt for a class of people who work hard and earn next to nothing(in the UK). I personally see inheritance tax itself being a deeply immoral construct, your estate was made out of money that was already taxed multiple times by multiple different types of taxes, instead of you being able to pass your hard earned wealth to your heirs, the state takes it away. If you owned a house your children might be forced to sell it because the tax on it could be 40%, if you got as mortgage in your early 30s, you probably paid it off in your early 70s which is close to the life expectancy of 78 if you are a man, so technically, you didn't really own anything and you were just a slave to the state. |
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