Socialists to the elderly: It's our nest-egg, not yours!

[Rum]

You’ve got to be kidding me. I’ve been further even more decided to use even go need to do look more as anyone can. Can you really be far even as decided half as much to use go wish for that? My guess is that when one really been far even as decided once to use even go want, it is then that he has really been far even as decided to use even go want to do look more like. It’s just common sense.

Me common agree sense with! Done Well!

[MrJonno]

Wrong at some many levels,

Many elderly are rich due to absolutely nothing to do with working particuarly hard but due to incredibly overpriced housing mainly due to middle class people implementing planning permissions rules to stop anyone else building anything in the 'green' belt.

As for an inheritance tax this is to stop the elderly relying on the state , they get lots of public benefits which are means tested but not capital tested. So if they live in a £500000 house but with no income they get quite a lot of public money thrown at them and a desire to have a lot more from tax payers. With an increased inheritance tax the idea is knowing they won't be able to pass on a house they will sell at least part of it to and spend that money in the private sector.

It's nothing to do with socialism but the fact that unearned income is treated differently to earned income when it should all be taxed the same way whether its from earning a wage , selling a house or shares for a profit

[JimC]

I'm with Seth on this one, based on pure self interest...

[MrJonno]

I'm with Seth on this one, based on pure self interest...

I can understand that, but with more and more richer older people and less and less tax payers its obviously not sustainable

[JimC]

I'm with Seth on this one, based on pure self interest...

I can understand that, but with more and more richer older people and less and less tax payers its obviously not sustainable

As long as it lasts till I pop my clogs I don't fucking care!

EDIT - and I'm not that fucking rich! I'm a poor bloody teacher, for Darwin's sake!

[Hermit]

...incredibly overpriced housing mainly due to middle class people implementing planning permissions rules to stop anyone else building anything in the 'green' belt.

Yes, get rid of those pesky green belts. We want uninterrupted conurbations. It's so cosy.

[MrJonno]

...incredibly overpriced housing mainly due to middle class people implementing planning permissions rules to stop anyone else building anything in the 'green' belt.

Yes, get rid of those pesky green belts. We want uninterrupted conurbations. It's so cosy.

Yes lets have rich people live in little villages free of black people while everyone else lives in dreamworld of even being able to buy a 1 bedroom for less than 8 times their wages.

It's not so much the green belt I despise its the peope who live in them, its what bulldozers were invented for

[Rum]

Old people are people too you know. My parents are in their mid 80s and are really quite nice. My dad could probably rip your head off even at his age Mr Jonno - if you came near him with your ideas of course.

[MrJonno]

Old people are people too you know. My parents are in their mid 80s and are really quite nice. My dad could probably rip your head off even at his age Mr Jonno - if you came near him with your ideas of course.

I'm sure they are but that doesnt give a right to take large amounts of public money from people considerably poorer than they are.
An OAP first responsibility should be to take care of themselves finanically not demand the right to leave inheritances behind while taking benefits

[Rum]

Old people are people too you know. My parents are in their mid 80s and are really quite nice. My dad could probably rip your head off even at his age Mr Jonno - if you came near him with your ideas of course.

I'm sure they are but that doesnt give a right to take large amounts of public money from people considerably poorer than they are.
An OAP first responsibility should be to take care of themselves finanically not demand the right to leave inheritances behind while taking benefits

There is so much that is wrong about your attitude, not least that you seem to be forgetting that we are talking about real human beings here. However specifically in the case of my parents they live on their own savings plus the basic state pension. They have downsized twice since their late 60s and moved out of two 'nice' houses and 300 miles to be close to me so that I (not the fucking state) can look after them - as I have to more and more.

They don't sponge on anyone and have contributed to society in more ways that I have the time or patience to list.

[MrJonno]

They have downsized twice since their late 60s and moved out of two 'nice' houses and 300 miles to be close to me so that I (not the fucking state) can look after them - as I have to more and more.

Thats fair enough but a lot of older people don't do that , they live in large 3 bedroom houses that they bought for £20 quid but are now worth a fortune which is just appalling when we are so short of housing

[Rum]

They have downsized twice since their late 60s and moved out of two 'nice' houses and 300 miles to be close to me so that I (not the fucking state) can look after them - as I have to more and more.

Thats fair enough but a lot of older people don't do that , they live in large 3 bedroom houses that they bought for £20 quid but are now worth a fortune which is just appalling when we are so short of housing

I think you are wrong here again. The cost to the public purse is mostly due to those who have not looked saved or been self sufficient and are poor and in need of care. The cost of looking after old poor people in homes and so on is enormous. Elderly people with little money are not subsidized to live in large suburban houses any more.

Personally I don't begrudge it. It is a mark of how civilized a society one lives in that it takes care of its most vulnerable members.

[JimC]

I'm building up a nest egg of gin...

[MrJonno]

I think you are wrong here again. The cost to the public purse is mostly due to those who have not looked saved or been self sufficient and are poor and in need of care. The cost of looking after old poor people in homes and so on is enormous. Elderly people with little money are not subsidized to live in large suburban houses any more.

Thats totally untrue, an example if my wife's grandmother who we all joke is the rich one in the family who was a school cook most her life. She has obviously worked hard but the idea that a school cook (minimum wage) could afford the 3 bedroom house she lives in these days is absurb. She has maximises her benefits (with help fom the children/grandchildren) to subsidise her living there and their inheritance.

I don't blame people for taking advantage of the system and I would do the same but morally and economically its undefendanble

[Seth]

Wrong at some many levels,

Many elderly are rich due to absolutely nothing to do with working particuarly hard but due to incredibly overpriced housing mainly due to middle class people implementing planning permissions rules to stop anyone else building anything in the 'green' belt.

So the fuck what? That's democracy in action. Housing prices are not the "fault" of someone who happens to own a house in an area that's in high demand, so that's no reason to strip them of their homes just because you're full of jealousy and hatred and avarice and drool over the prospect of beggaring them to enhance your economic status.

If you don't like "green belts" then vote against them. But quitcherbitchen about "middle class" people voting to improve the character of their neighborhood and enhance their property values, because they have every right to do so, and to be better off economically as a result of wise community planning.

As for an inheritance tax this is to stop the elderly relying on the state , they get lots of public benefits which are means tested but not capital tested.

Sounds like a problem with the welfare state to me. How about you get rid of that and let everyone pay their own way?

So if they live in a £500000 house but with no income they get quite a lot of public money thrown at them and a desire to have a lot more from tax payers.

So what? They paid for that house with hard work. It's their house. It's not your fucking house and neither you nor anybody else has a right to strip them of that "capital" just because they are taking advantage of a social welfare system that YOU advocate and support. You would have them be homeless or living in a cheap flat somewhere just because they happen to have a nice house, which doesn't cost YOU a penny, merely because you don't live in a nice house too. That's pure class-based jealousy talking and nothing else.

If you want a nice house, then you go work your ass off for fifty years and BUY ONE. Fucking socialists can always come up with some asinine, selfish rationalization upon which to steal the fruits of the labor of others while simultaneously bitching about how the fruits of their labors have been stolen from them. Fucking hypocrites, every one.

With an increased inheritance tax the idea is knowing they won't be able to pass on a house they will sell at least part of it to and spend that money in the private sector.

Why should they? I'd just live till I was old and then burn the fucking house to the ground, and you along with it, if society proposed to take it from me or my heirs.

Here's a clue: It doesn't fucking belong to you! You didn't build it, you didn't work a lifetime to buy it, you didn't pay to maintain it, so you deserve absolutely nothing when it comes to what happens to it.

It's nothing to do with socialism but the fact that unearned income is treated differently to earned income when it should all be taxed the same way whether its from earning a wage , selling a house or shares for a profit

Um, for the math-impaired, it's already been taxed, several times. A tax was paid by the builder on the materials used to build it. A tax was paid on the land and the structure when the owners bought it. An annual property tax was paid on the assessed value of the property which increased in amount as the assessed value of the property increased over time. A tax was paid on all of the earnings of the owners which were used to buy the house in the first place, and a sales tax will be levied on the house when it's eventually sold.

You're just lying to us. Your motive is not that you want "unearned income" taxed "the same way" (because it already is), you want what you, and Karl Marx, consider to be "unearned income" (rents and interest) to be confiscated by the government because you are too poor to enjoy the ability to collect from someone else for making use of your capital, because you don't have any capital to invest in generating a return on investment.

Pure, unadulterated Marxist class-warfare cupidity.