All entries for Monday 01 October 2007

October 01, 2007

Conservative conference – Inheritence Tax

The Conservatives tried to grab headlines today to support their flagging pre-election campaign through, primarily ‘aspiration taxes’ (inheritance tax to you and me).

It is very easy to get into arguments about the moral standing of taxing the estates of the deceased, and one that isn’t easily finished. To me, it’s the prime example of where taxes should be used, but that’s beside my main point.

Instead of waffling on about how the government is taking advantage of the hard-working ‘middle englander’ and how the Conservative will come to the rescue, we should tell it how it is. This would be a tax cut for the top 6% most priveleged members of our society.

It is no good talking of how increasing house prices will mean Joe Public will now be facing a charge, since this is simply not the case. The housing boom has near enough peaked, in some areas starting to reverse, and still only 6% of estates pay the taxes.

If the people to whom inheritance tax is a travesty against hard work accepts this reality, I am very willing to have a discussion, but otherwise there is not much point.

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