Cradle to the grave.

Discussion in 'Current Affairs' started by finknottle, Feb 19, 2010.

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  1. The government has been advised to back a compulsory fee to pay for social care at the end of a day of talks.

    The meeting with charities, council chiefs and care providers agreed a levy payable on death was the best option.

    Full Story Here

    Regardless of all the talk it will be as it has always been, if you have worked hard all your life and own your own property you will pay dearly. If however you have spent your life as a waster you will pay nothing, the taxpayer will fund your care.
  2. Does “From each according to his ability, to each according to his needs†ring a bell? :D
  3. Is it anything to do with ,'Bring out your dead'?
  4. Sorry, no marx for that one.
  5. Thats what you get if you vote in a "socialist" government :p

    Have a nice day

  6. Do try and keep up, this system was in place long before 97. :)
  7. You're right. It was about '64, wasn't it?
  8. Touche POL :)

  9. You pay taxes all your working life,you pay taxes on your pension and now they want to tax you after you die!!!Thieving government barstwards!Maybe they should have all their expenses stopped and pay the thieving cnuts the national average wage......and see how they like it!!!!!!
  10. Seaweed

    Seaweed War Hero Book Reviewer

    This only has the merit that it is an easy tax to collect as the heirs won't be able to get probate until it is paid. Over the years it will become a fixture, creeping up in real terms while the 'threshold' doesn't, like the Income Tax of 6d in the £ invented to pay for the Napoleonic Wars.

    In the end everyone who can will be advised to take out a special Life Insurance in such a way that it doesn't form part of the estate which will also be a useful commissione earner for the providers.
  11. The poorest will end up paying 100% inheritance tax, looking after the workers I think not. :?
  12. Increase the amount of inheritance.....and get it back before probate is granted

    Sounds like a 'Cunning Plan' to me

    Lots heirs would probably have to raise a loan to pay this anyway
  13. chieftiff

    chieftiff War Hero Moderator

    Mate do I see your socialist principles crumbling?

    On the face of it this seems utterly unfair, as you say those with some money in their estate will pay everything and those with nowt will pay nowt but benefit enormously...... at least that's how the press are spinning it. Couple that with the fact that you already pay a significant percentage of your income towards health care - which is after all what this really is, age is just another disease and a terminal one at that.

    But, how fair is the system as it stands? Many middle class people are forced to sell their homes to fund private old age care as it is, it currently costs more than £20k to fund those final years in a care home and you end those days with nothing in the bank and nothing to give your kids anyway, only the very wealthy are unaffected. At least this way you can keep your property and pass that on along with any savings or investments, albeit the balance will be decreased by inheritence tax and this new levy. As for the poor well they will still pay nothing as they have nothing to pay, whether that's their fault or not is another argument. It's a fudge, the reality is that what's needed to fund our new found longevity is increased income tax, which political party is going to suggest that considering it is necessary anyway in order to balance the books post bank bailout loans and guarantees.

    The real question here is what is the quality of that old age care going to be, is it going to be £20k worth do you think.
  14. There used to be a legal method of leaving your house to your children, in trust or something like that and it did mean that you would not have to sell the property to fund your care. However I think that door was closed some time ago?

    As a tax officer once told me, 'if you have a Rolls Royce and still have money left buy another one'.
  15. My parents are looking at the possiblity of buying my grandparents house for a token fee in order to dodge the inheritance tax. Have to say I find the inheritance tax to be the vilest of them all in that you've done your 40 (it'll be 50 for my generation the way things are going) years working pay tax on your earnings are then taxed when you spend said money, if your lucky enough to earn enough to buy a house you pay tax on that for life. Then when you think you can help out your kids/grandkids by leaving them a decent bit of cash when you die the bastards steal even more of it for incompetently run, over priced morally bankrupt public services.
  16. If your Grandparents needed residential care the house would be sold to pay for it, I don't think it's as easy as you may think to get round the system, best consult a licence to print money solicitor.

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