A Millennial Speaks out

Moby

Malthusian wrote: »

Ah, the classic Parasite's Creed. What I can't make I take, what I can't take I destroy, and what I couldn't destroy I take the credit for.

No....... Andrew personally benefits no more than anyone else. He's pointing out inheritance tax is a good wealth redistribution tool and he's right.

Moby

Cakeguts wrote: »

Why are you so envious of people who have more money than you? Were you never told when young that it was not good to be jealous of other people? Why do you keep wanting to compare what you have with others? This isn't good for you to keep doing this. It is common knowledge that the person who loses out will be you if you keep making these comparisons. Money isn't everything. Not everyone's definition of a life of luxury is the same.

You will get more satisfaction from life by achieving something rather than continually comparing yourself to other people. I will give you a hint. You will get a lot of good feeling out of helping other people using your time not your money.

.......and why do people like you think that people who want to change property law are after your dosh? See it this way..... the concept of what ownership means can change. Just like we no longer have medieval lords asserting droit du seigneur. Hard to grasp for many on here I know. Monevator explains it for you.......
http://monevator.com/weekend-reading-should-inheritance-tax-be-100/


Change is coming......its only a matter of time........
https://www.theguardian.com/politics/2018/feb/01/labour-plans-landowners-sell-state-fraction-value

chucknorris

Cakeguts wrote: »

Why are you so envious of people who have more money than you? Were you never told when young that it was not good to be jealous of other people? Why do you keep wanting to compare what you have with others? This isn't good for you to keep doing this. It is common knowledge that the person who loses out will be you if you keep making these comparisons. Money isn't everything. Not everyone's definition of a life of luxury is the same.

You will get more satisfaction from life by achieving something rather than continually comparing yourself to other people. I will give you a hint. You will get a lot of good feeling out of helping other people using your time not your money.

Money just buys things, although for some it can take away misery, it doesn't usually equate to real happiness (just agreeing with you). But I can understand some people who struggle financially thinking that it might.

ukcarper

Moby wrote: »

.......and why do people like you think that people who want to change property law are after your dosh? See it this way..... the concept of what ownership means can change. Just like we no longer have medieval lords asserting droit du seigneur. Hard to grasp for many on here I know. Monevator explains it for you.......
http://monevator.com/weekend-reading-should-inheritance-tax-be-100/


Change is coming......its only a matter of time........
https://www.theguardian.com/politics/2018/feb/01/labour-plans-landowners-sell-state-fraction-value

If you change the law to make inheritance tax higher you ar after their dosh, you might not want it personally but you are after it. There is a lot of inequality in this country but I don’t see taking money from ordinary people who have often worked hard, made sacrifices to buy property as the solution. If you want people to pat taxes you have to convince people they are being used effectively and fairly. The last labour government made some changes to the benefits system that I believe have caused more problems than they have solved.

I can see the value of trying to see that the increase in value of agriculture land when planning permission is granted is shared between landowner and government, but Safeguards would need to be put in place.

lookstraightahead

When I worked in London I’ve been known to commute for two hours each way - I didn’t think anything if it in my twenties. I can’t think of there ever being a time when central London was affordable on an average, even good, salary. People just don’t want to leave the house at 5.30 anymore. It was the norm to me.

phillw

chucknorris wrote: »

Money just buys things, although for some it can take away misery, it doesn't usually equate to real happiness (just agreeing with you). But I can understand some people who struggle financially thinking that it might.

Of course you can choose to be rich and miserable, it's much harder when you're destitute to chose to be happy.

Moby

ukcarper wrote: »

If you change the law to make inheritance tax higher you ar after their dosh, you might not want it personally but you are after it. There is a lot of inequality in this country but I don’t see taking money from ordinary people who have often worked hard, made sacrifices to buy property as the solution. If you want people to pat taxes you have to convince people they are being used effectively and fairly. The last labour government made some changes to the benefits system that I believe have caused more problems than they have solved.

I can see the value of trying to see that the increase in value of agriculture land when planning permission is granted is shared between landowner and government, but Safeguards would need to be put in place.

In this country we have concentrated on taxing income not capital. That simply means in the long term capital tends to stay in the same hands through the generations through inheritance.The wealthiest pensioners are those who themselves inherited most. But for the next generation that effect will grow. Some 90% of inherited wealth will go to half the next generation. Inheritance tax can be a significant leveller, helping to break up ancestral accumulations of wealth. We have a State which is for all of us and the money for it has to come from somewhere. I believe it’s better to tax unearned windfalls from the dead more heavily and the earnings of the living and productive less heavily.

chucknorris

phillw wrote: »

Of course you can choose to be rich and miserable, it's much harder when you're destitute to chose to be happy.

Some people might choose to be miserable, but I was thinking more along the lines of something like poor health (or losing a partner), quite often people don't appreciate what they have until it is lost.

andrewf75

Cakeguts wrote: »

Why are you so envious of people who have more money than you?

I know that wasn’t directed at me, but as I kind of started this I will respond. I don’t understand why people assume an opinion on how to redistribute wealth better is about jealousy. I’ve benefitted from inheritance myself and stand to do so in the future, My concern is for society as a whole which I see increasingly polarised between rich and poor with the rich defined increasingly by property wealth rather than just earning more.

Moby

phillw wrote: »

Of course you can choose to be rich and miserable, it's much harder when you're destitute to chose to be happy.

Exactly....money gives you choices/options and power to control your own life. I paid off my mortgage a few years ago....the manager looking over my shoulder doesn't seem to frighten me in quite the same way now!;)

The point is... all else being equal....would you rather be rich or poor!