| Glastonbury Thread 14:57 - Jun 23 with 1598 views | SaintNick |
This weekend and I have just looked at the line ups on the main stages.
1. The 1975, are they really that big they can headline the pyramid stage on Friday night.
2. Neil Young is a massive headliner on the Saturday, but Raye as second on the bill, the whole day doesnt give me much hope.
3. How is Rod Stewart that low down on the Sunday bill, i know its the legends spot but there is no one above that would fill the Brook let alone Glastonbury, Olivia Rodrigo has only had two albums FFS, Noah Kahan 1 big albim released 3 years ago again never heard of him.
The Other stage seems to be a little better, but Charli XcX & The Prodigy hardly Glasto headliners,.
All in all yet another step to Glastonbury being a middle class type gathering, not a rock festival anymore |  |
| Satisfying The Bloodlust Of The Masses In Peacetime |
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| Glastonbury Thread on 15:40 - Jun 25 with 209 views | Joiedevivre |
| Glastonbury Thread on 23:04 - Jun 24 by Ifonly |
It's not a tax on the dead. It's a tax on the inheritors who haven't earned a single penny of it. Every tax involves "mugging" someone, but all other taxes "mug" the person who's earned the money. This makes inheritance tax the fairest of all taxes.
But the biggest reason to favour it over other taxes is that all other taxes disincentivise something. Mostly they disincentivise good things e.g. put up income tax and people work less, put up employers NI and there will be less jobs etc. This issue doesn't exist with inheritance tax. You can't disincentivise dying.
Personally I think we'd have a fairer, better and more successful society if there was no such thing as inheritance and everyone started from the same point, rather than some starting with multi million fortunes they haven't earned. The only real problem with inheritance tax is the lengths some people will go to avoid it e.g. hypocrites like Michael Eavis. |
How you can say inheritence tax has no disincentive is beyond me. We live in a society built around family. Family is one of the greatest motivations in work; to provide and build something to leave to others. The money taken in inheritence has, in majority of cases, already been taxed.
The second idea of everyone starting at plain zero is just envy. Obviously it isn't beneficial if someone doesn't have a passed down inheritence, but that doesn't mean it's better to make sure everyone has to have this situation. Your idea is equality through equal pain not equality of any societal benefit. Where does this money go? Straight to the government to spend for 5 seconds of NHS payments instead of supporting their families. |  | | |
| Glastonbury Thread on 17:13 - Jun 25 with 127 views | Ifonly |
| Glastonbury Thread on 15:40 - Jun 25 by Joiedevivre |
How you can say inheritence tax has no disincentive is beyond me. We live in a society built around family. Family is one of the greatest motivations in work; to provide and build something to leave to others. The money taken in inheritence has, in majority of cases, already been taxed.
The second idea of everyone starting at plain zero is just envy. Obviously it isn't beneficial if someone doesn't have a passed down inheritence, but that doesn't mean it's better to make sure everyone has to have this situation. Your idea is equality through equal pain not equality of any societal benefit. Where does this money go? Straight to the government to spend for 5 seconds of NHS payments instead of supporting their families. |
I agree with Bill Gates who said he wouldn't be leaving his wealth to his children because it would hinder them more than help them. But I'm not saying that everyone should start with nothing. I said it would be ideal if everyone started from the same point - and that starting point would include a good education, freedom from crime and foreign threats, a safety net when things go wrong and many other things, all of which need to be paid for by taxes. You assume that our taxes just disappear and have no "societal benefit", I don't. Better to fund those taxes with inheritance tax than pretty much any other.
Lots of taxes are taxing money that has already been taxed. There's nothing special about inheritance tax there. VAT, stamp duty, savings interest, alcohol duty, you name it - it's a tax on money already taxed. Pretty much any event is taxed and death is no different, but people get more upset about inheritance tax even though less than 5% of the wealthiest estates actually have to pay any of it and the inheritors are hardly ever "children". The average age of inheritors is 61 and they are typically grandparents themselves when they receive it. People who wanted to help their children would have already done that, on average, decades before they die.
I just double checked those facts and one of the sources I found gives a good summary although the tax allowances are now more generous than those quoted at the time:
https://www.theguardian.com/money/blog/2017/dec/30/inheritance-tax |  | | |
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