Budget 2015

[maltaseagull]

Yes they will, but there's no sense in which they have a right to such a windfall, and if the government chose to tax it even more, further reducing their unearned windfall, I'd have no problem with that. What I cannot understand is why people think that someone has a right to inherit massively, simply because of the 'luck' of being born into a rich family.

I think you need to get some perspective here.

If I bought a house in the 70s ,paid for it and left it to my children, why should they be taxed if the value has gone from £25K to £350K?

Is that inheriting massively?
Surely better than sponging off the benefits and living in subsidised rental accommodation?

 

[Bold Seagull]

I think you need to get some perspective here.

If I bought a house in the 70s ,paid for it and left it to my children, why should they be taxed if the value has gone from £25K to £350K?

Is that inheriting massively?
Surely better than sponging off the benefits and living in subsidised rental accommodation?

They'd pay £10,000 in IHT and gain a house that grew in value because of the economy we all contribute to. Why shouldn't they pay for that gain?

Even someone buying their own house pays stamp duty, a tax on money they've already earned. A £350,000 house I could purchase tomorrow I'd pay £7500 in stamp duty, and yet your saying someone inheriting it would pay nothing?

 

[Herr Tubthumper]

And what about those people who actually like to work under a zero hours contract ( as I did as a student ) ? Put some safeguards in by all means but ban them ? No.

Who likes to sign an employment contract where no work is actually guaranteed?

 

[LamieRobertson]

Problem with that is the bookies do not vote Cameron in

Correct but they set there odds on information that suggests he would...after all who's going to vote for Edward and. Ballsup

 

[Herr Tubthumper]

after all who's going to vote for Edward and. Ballsup

Er, me.

 

[Herr Tubthumper]

Correct but they set there odds on information that suggests he would

The bookies had Spain and Brazil down as winners of the 2014 WC....and we all know what happened there.

 

[alfredmizen]

Somewhat this but they WILL still get a extra windfall won't they, just less a bit of tax to share around a bit! Funny the sense of entitlement the middle classes have isn't it.

Funny sense of entitlement ?? Yes, how strange that someone would want to leave their estate to their kids in full without any extra tax being levied on it for the government to spunk away on foreign aid , christ your arrogance defies belief

 

[alfredmizen]

When someone dies there is money on the table. No tax means a chosen handful get to keep it despite not earning it. Tax means ALL of us get a slice of a slice of the pie whereas the chosen handful only get most of it.

Why shouldn't a massive capital gain (such as a family home) be taxed? Why can't your kids earn their own money? Why should you get to make decisions when you're dead?

Outrage? Behave.

Yes, an outrage , and theyll get rid of it in the end.

 

[Westdene Seagull]

Who likes to sign an employment contract where no work is actually guaranteed?

Errrr .... at the time .... me. I was registered to a number of hotels and they rang me when they needed someone to work. Sometimes I said yes and sometimes I said no - perfect. No guarantee of any hours each week but it worked for me and them. Sorry to burst your bubble that they don't work though.

 

[jimbob5]

Errrr .... at the time .... me. I was registered to a number of hotels and they rang me when they needed someone to work. Sometimes I said yes and sometimes I said no - perfect. No guarantee of any hours each week but it worked for me and them. Sorry to burst your bubble that they don't work though.

Don't think these people have the option to say no or even be allowed to work elsewhere and regardless of that it's not ideal to someone who needs a regular income to keep a roof over his head.

 

[beorhthelm]

Who likes to sign an employment contract where no work is actually guaranteed?

agency or pool wookers, like supply teachers, nurses, security, or freelancers, students or those otherwise with other commitments. one key advantage is to be on the books for work as and when required (by either party) without all the tedious mucking about with HR for peice of work that comes up. they've been around for decades and no one noticed apparently, but they are used in NHS, education and councils across the land, including 2,700 odd by the local authority in Doncaster. for some reason they are now demonised, when its restrictive clauses and conditions within the contract that are the problem. ban them and it will be replaced by "1 hour" or "minimum hours" contracts without adressing those issues.

 

[LamieRobertson]

The bookies had Spain and Brazil down as winners of the 2014 WC....and we all know what happened there.

Of course they wont get it right all the time.

 

[Westdene Seagull]

Don't think these people have the option to say no or even be allowed to work elsewhere and regardless of that it's not ideal to someone who needs a regular income to keep a roof over his head.

And therein lies the problem - people see the phrase "zero hours contract" and assume what it means. Many of these contracts don't tie people down to a single employer ( I agree some do though ) and by banning all zero hours contracts you would prevent those people, like me at the time, that wanted the flexibility. Oh, here's a bit of info for everyone, the steward contracts issued by the Albion are zero hour ones !

 

[LamieRobertson]

Er, me.

Well there will always be one

 

[Ernest]

Correct but they set there odds on information that suggests he would...after all who's going to vote for Edward and. Ballsup

More than will vote for the Bullingdon bullies

 

[Geriatric Seagull]

Oh Gideon, sir, thank you so much for sharing some of the crumbs from your table with us poor peasants. I will save the penny you have cut from the price of my weekly pint until I have enough to buy a new cap that I can doff when you are driven by in your chauffeured limousine, and of course, if I ever have anything left from my zero hours contract on the minimum wage I will put it into one of your wonderful new flexible ISAs.

 

[soistes]

I think you need to get some perspective here.

If I bought a house in the 70s ,paid for it and left it to my children, why should they be taxed if the value has gone from £25K to £350K?

Is that inheriting massively?
Surely better than sponging off the benefits and living in subsidised rental accommodation?

I disagree -- it is indeed inheriting massively, just because they were lucky enough to be born to someone who was able to buy a house, and watch its value appreciate, through no effort or his or theirs, and it is justifiably taxable, in my view.
A wholly unearned capital gain, and taxing it more heavily would also have the benefit of discouraging this disproportionate investment in bricks and mortar and house price inflation, and more of the nation's savings would end up in productive investment, rather than being tied up in housing, of little or no productive value. It's not the subject of this thread, but this skewing of investment towards housing (and the associated house price inflation) is a major deficiency in the UK economy, compared with some others where the housing market is much less inflated in this way. Better to tax it, and invest the proceeds into innovative technologies, skills and training or, if you're concerned with housing, invest in affordable housing, including rented, for low income people, who never get a look in under the current system.

 

[Hampster Gull]

Labour fiscal management...

"I'm afraid there is no more money"

Appalling, both by letting happen and by writing the note

 

[Giraffe]

Anyone who watched today and understood will realise what a total trouncing the election should be.

The Tories have rescued this country once again from the nonsense of a labour rule. They should win with a landslide if all the voters use their brain.

 

[Bold Seagull]

Anyone who watched today and understood will realise what a total trouncing the election should be.

The Tories have rescued this country once again from the nonsense of a labour rule. They should win with a landslide if all the voters use their brain.

You'd have thought they wouldn't have needed the Libs last time given the nonsense they took over!