Snowflake "Thinking"

[original PM]

It doesn't make the Tory worshippers change their mind, so why would it work on anyone else?

Cameron will stay on as leader after the referendum? Maybe not
May will not hold a snap general election? No
May says Corbyn will be PM if she loses just 6 seats? No
More council houses? Cancelled
"Dementia tax"? Nope
National Insurance increase?
Taking in 3,000 refugee children? That was stopped by Murdoch
Foreign Workers quote?
Energy price caps? Wasn't that a Labour one which was mocked by the Tories, then adopted by them?
Selling UK infrastructure to foreign companies? Doesn't count if it's the National Grid.

Need I go on about the lies being spread by May/Murdoch?

Yes but none of this is real to many people.

The offer of clearing 20 grands worth of debt for people is.

[BrilloPad]

100% IHT would at least end the debate over care home fees....

[MontyD]

Insanity!

Set tax at 100% and you get 0 revenue! Trying to think of the ecenomist bloke who said that.

[northernladyuk]

It's just an opinion piece in the Guardian, folks. No more to be taken seriously that a Mail science story.

[OwlHoot]

Insanity!

Set tax at 100% and you get 0 revenue! Trying to think of the economist bloke who said that.

Laffer.

[tiggat]

Isn't it ironic most economists are opposed to austerity?

[original PM]

Isn't it ironic most economists are opposed to austerity?

Indeed mainly because most of them are lefty fu<kwits who did not get a proper job.

[tiggat]

Indeed mainly because most of them are lefty fu<kwits who did not get a proper job.

I suppose you think we should staff the Bank of England with journalists and PR men like Osborne and Cameron ??

[BrilloPad]

I suppose you think we should staff the Bank of England with journalists and PR men like Osborne and Cameron ??

With BoE staff going on strike I expect the economy to run alot smoother.

[Smartie]

Maybe unpopular but...

There's a good reason for inheritance/wealth taxes - it reduces inequality.
High levels of inequality are bad because:

1) It's unfair/immoral
2) Someone nicks your Porsche all the time

There's an in depth argument for them in Piketty's book, summarised here: https://www.economist.com/blogs/econ...omist-explains

It starts with one generation being skilled and lucky. Whatever you think, good luck does play a part in your success. Some people get bad luck.
You pass the money onto your kids as well as providing private education, a good network of contacts etc. This gives them privileges that make it more likely that they'll succeed, handing over even more to the next generation. And so on.

Eventually you end up with this guy Who is the new Duke of Westminster? - BBC News
How much inheritance tax do you think he paid on his £9 billion? Bugger all because when you have wealth you can protect it and avoid taxation.

Governments can reduce inequality by re-distributing wealth. This is a good thing because people with talents that would otherwise be submerged in a mire of poverty and crime can have the chance to contribute.

Note - I'm no communist. There needs to be a certain level of inequality to drive people to succeed. Too much is a bad thing though and it's looking pretty bad at the moment.

People rail against this - see the Tories abortive policy on social care and using your house to pay for your own care? Why not? Better that than the kids of the poor who'll never own their own home should pay so you can pass on that privilege to your kids?

We should think carefully about the world we want to live in and while 100% tax is extreme, we should ensure that a good chunk of wealth is taken from all on death to improve things for society in general.