Time to cut benefits?

[northernladyuk]

For them that is true.

The problem is that by taxing estates on death we incentivise old people to live. There should be an old age tax with reverse winter fuel payments and then a tax free death.

[PurpleGorilla]

For them that is true.

It certainly is in my parents case!

[northernladyuk]

There should be 100% death duties and no trusts. That would avoid the issue of old age care....

Are you listening? It will just make them live longer.

[PurpleGorilla]

There should be 100% death duties and no trusts. That would avoid the issue of old age care....

You mean no inheritance for the children?

[northernladyuk]

Good! My parents are dead. I wish they were still alive.

They'd only be disappointed.

[PurpleGorilla]

Time to cut benefits?

To improve social mobility.

Right wing papers usually argue that children need an inheritance to get them started in business. What about orphans? Why are we missing out on their talents?

Ronnie Corbett's child spent his money on very dubious activities.

I've not banked on a penny inheritance - so whether it goes to the cat home, or treasury - I am at peace with that. If the money goes on improving the UK, all the better!

But there are a fair few youngsters who are banking on the final BOMAD payment when the account closes.

What about you? Did you inherit anything?

[PurpleGorilla]

Time to cut benefits?

I did inherit. I would happily give it all for my mother to be alive.

Of course you would. That is beyond contestation.

So has it been used to improve social mobility?

[PurpleGorilla]

No.

I never expected to inherit anything and I don't intend to pass anything onto my children.

I have always been against inherited wealth.

So what have you done with the money?

This is fascinating...!

[SueEllen]

So what have you done with the money?

This is fascinating...!

That's unfair.

BTW you know Brillo has a disabled child?

[PurpleGorilla]

That's unfair.

BTW you know Brillo has a disabled child?

No I didn't know that.

I'm not trying to be unfair at all.

Just trying to understand the thoughts and decisions of someone who doesn't believe in inherited wealth, then going on to inherit, and then not intending to pass it on. The money has to go somewhere!

If it's spent on his kid, enjoying time with his kid, that's great.

Too many would fritter it on sport cars and jewellery.