Gotta love the upper class. Maybe it's time to eat them.
If the Source is not allowed feel free to close or delete the thread @mods
-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
-
We have made minor adjustments to how the search bar works on ResetEra. You can read about the changes here.
Super-rich prepare to leave UK 'within minutes' if Labour wins election
- Thread starter Sabin
- Start date
Gotta love the upper class. Maybe it's time to eat them.
If the Source is not allowed feel free to close or delete the thread @mods
Don't forget that basically nothing you hear in an election period is true, and this story is designed to scare some specific subset of people which, presumably, it'll do.
Imagine every country having laws and governments where the rich want to get away from but then they can't and the "socialists" come after "their" money. That would be heaven.
not sure how much sympathy they'd get.
although an inheritance tax limit of £125k is a bit scary. Limit now is around 3x that but will already often mean you can't leave your house to your kids without them needing to sell it to pay the tax. Why even tax inheritance anyway? I already paid tax when I earned it. Or maybe have exclusions for property and only make it countabkenif the property is sold?
although an inheritance tax limit of £125k is a bit scary. Limit now is around 3x that but will already often mean you can't leave your house to your kids without them needing to sell it to pay the tax. Why even tax inheritance anyway? I already paid tax when I earned it. Or maybe have exclusions for property and only make it countabkenif the property is sold?
I'd be terrified to. I mean they wont be able to buy their fifth gold plated dragon jet dodo egg.
they can float on the bodies of the poor in an economic depression, but if you make them pay high taxes, it's a direct loss.
Yes, and there is gonna be a stampede of people coming to tell us it's just because Corbyn even though this shit gets used against every labour leader bar Blair's second and third elections.
Because if you allow the rich to accumulate wealth generation on generation eventually all the money gets concentrated in one group.
They'll be fine with Brexit, probably make a profit fucking over the working and middle classes.
Those in poverty deserve to suffer in their view so fuck the super rich cunts of this country.
OP
OP
Obviously not the main headliner but 125k for inheritance tax seems fucking ridiculous if there aren't a ton of exemptions.
That being said it's probably only gonna screw over what little is left of the middle class anyway since actually rich people can afford all the dirty tricks to avoid it 🤷♂️
That being said it's probably only gonna screw over what little is left of the middle class anyway since actually rich people can afford all the dirty tricks to avoid it 🤷♂️
OP
OP
Of course they will be fine. Remember the financial crisis a few years ago? It was for sure not the rich who lost money in the aftermath of it...
Are they confident that once a giant recession hits taxes on the wealthy will not also rise?
Uh, yeah.
For the last 40 years the conservative ideology on job creation has always been cut the taxes on the wealthy and let it trickle down. They have nothing major to fear from recession as long as there is a Tory government. Corbyn is going to come after them in ANY economy.
Thanks for the explanations. I'm not a citizen of the UK so this is informative.
The system sucks, it seems.
I don't think this is true unless your pretty damn well off in the first place. The limit is £325,000 you pay 50% on any amount above that with 325,000 removed. That means your house would have to be worth like 300,000+ with the rest being everything else you own to even be worried about doing that.
Most people don't own £300,000 homes to leave as inheritance. If anything it'd be the lawyers that get you if you use them.
I dont think you people realize the -suffering- these people will go through if labour wins. Can you imagine 10 less bottles of Cristal per year and a new boat every 3 years instead of 2???
Not really though, this just digs into the savings of money they dont even use at all; but it -could- have been a slight reduction in theoretical life quality.
And you people complain about your "rent" and "groceries". Pah. Wait til you have to tell your son he'll have to make do with a Ferrari instead of a Veyron.
Not really though, this just digs into the savings of money they dont even use at all; but it -could- have been a slight reduction in theoretical life quality.
And you people complain about your "rent" and "groceries". Pah. Wait til you have to tell your son he'll have to make do with a Ferrari instead of a Veyron.
300k is probably the average price for most/many homes in the south
Theres a whole generation of people screwed over by the economy who can only dream of the independent financial existence their parents enjoyed...unless they inherit it.
Don't take the one thing that will help them through old age.
Set the bar a lot higher, people shouldn't have to sell family homes because they can't afford the tax.
Don't take the one thing that will help them through old age.
Set the bar a lot higher, people shouldn't have to sell family homes because they can't afford the tax.
It's going to be super difficult with the Brexit factor and the left divided between different parties too.
This threat has never made any sense to me.
The point of taxing them more is that they're not currently paying their fair share. How does it hinder the country at all if they leave?
If anything, since rich people are effectively leeching on the system by avoiding takes, we'd probably be better off if they left.
The point of taxing them more is that they're not currently paying their fair share. How does it hinder the country at all if they leave?
If anything, since rich people are effectively leeching on the system by avoiding takes, we'd probably be better off if they left.
That's going to hit the middle class not touch the rich. There's literally a thousand current loop holes to dodge that and the rich would be informed and planned for that. The only people that would find themselves having anything to do with inheritance tax bands are the middle class because they'd be unawared and unlikely to have prepared this situation in the first place. Most inheritance cases are dealt via intestacy laws.
Last edited:
