Time to cut benefits?

[PurpleGorilla]

This is the point for me to retire from the thread. Sorry about that.

Me too - wasn't trying to be a dick. Just fascinated with your reasoning.

[SueEllen]

Too many would fritter it on sport cars and jewellery.

The only people I know who frittered their inheritance on sports cars and jewellery don't have children school age, already have a decent size property, and/or don't have other close relations with care issues.

[PurpleGorilla]

The only people I know who frittered their inheritance on sports cars and jewellery don't have children school age, already have a decent size property, and/or don't have other close relations with care issues.

If the waterfall of inheritance ends, do the kids at the bottom lose out?

[The_Equalizer]

If the waterfall of inheritance ends, do the kids at the bottom lose out?

I’m pretty sure tax rises are proportional to tax evasion. Why should the state get its mits on already taxed income?

[northernladyuk]

I’m pretty sure tax rises are proportional to tax evasion. Why should the state get its mits on already taxed income?

So will you abolish VAT on the same basis?

[The_Equalizer]

So will you abolish VAT on the same basis?

Thought you had to buy stuff to encounter VAT?

[Bee]

You should have listened to susguro.

[PurpleGorilla]

I’m pretty sure tax rises are proportional to tax evasion. Why should the state get its mits on already taxed income?

What I mean is - if one generation decides to keep their inherited wealth, spend it on what ever they fancy, or even to pass it on to the cats home because they do not believe in inherited wealth - and the youngsters at the bottom of the waterfall inherit nothing. Have they lost out?

This is an ethical question.

[original PM]

What I mean is - if one generation decides to keep their inherited wealth, spend it on what ever they fancy, or even to pass it on to the cats home because they do not believe in inherited wealth - and the youngsters at the bottom of the waterfall inherit nothing. Have they lost out?

This is an ethical question.

Not necessarily.

Many people leave little to nothing for the next generation.

For example all my grand parents are now dead - think in inheritance I ended up with about 20k altogether - not life changing

My parents got nothing as it skipped them and came straight to me and my brothers.

[The_Equalizer]

What I mean is - if one generation decides to keep their inherited wealth, spend it on what ever they fancy, or even to pass it on to the cats home because they do not believe in inherited wealth - and the youngsters at the bottom of the waterfall inherit nothing. Have they lost out?

This is an ethical question.

Sorry, my misunderstanding. Yes, of course they have lost out. However, the main reason that this is become such a question is that inheritance of even a relatively modest house (in terms of size) can be a life changing event financially.