Should There be 100% Death Duties?

Question

We were talking about this earlier, whats others opinions?
Dead people don't need their money.Why should they be able to leave it to people to get an unfair start in life.

Everybody could be taxed less on their income tax instead.

This is a discussion topic not an opinion. Do some people not know the difference?

Answer 1

Definitely not! What right has the government got to take what someone has built up over their life?? I don't see anything unfair about it at all.

PS no my family aren't multi millionaires - just average middle class family!!!

Answer 2

Emphatically NO - Do you Fly the Red Flag complete with Hammer and Sickle in your Garden ? I suspect you have no Relatives or Friends who are likely to leave anything like a substantial sum of Money or Assets to You ???which has already attracted Taxation . why should people not be able to leave their Money and Posessions to who they choose without the Filthy hands of Government "Confiscating" and then Dissipating the residue of a Deceased Persons Estate. The last sentence in your Question smacks of the "Big Brother" mentality - "Everything Belongs to the State" Indicating Envy and Greed which of course it Emphatically "Does Not" A point of View which leads to the Evil Practises of Left Wing Fanatics , which as we all know unfailingly leads to Human Misery , Poverty and Ultimately == Disaster . A Final point , Don,t you think the Nation is already suffering dreadfully from the Thieving , Dishonest Policies of the Present "Rotten to the Core" Government ???

Answer 3

Oh please, people work very hard for their money struggle to pay for their homes and then at the end of the day you think the government should be able to come and take everything they've worked for!! If at end of their lives they have something left to leave to their family they should be able to do so. They have paid their taxes and shouldn't be taxed again in death. As for unfair advantage what a load of tosh. I don't expect you will say no to anything your parents leave you. When you grow up a little and enter the real world of buying property and working for a living you will understand.

Answer 4

The same could well be said for education but that is hardly something that can be extracted upon passing from this world.

I actually strongly disagree with Death Duties. It is true that dead people do not need their money but their surviving family might. Say for example that dear old Grandpa pops his clogs, the Government sweep in and clear his account leaving poor old Grandma having to knit bootees and scarves in order to feed and heat her home. Not only has she just lost her husband but now she is forced to live a life of destitution totally removed from the life she has grown accustomed to.

His money should be his, even in death and if he wants to leave it to the Salvation Army or Patch the Jack Russell who are we to argue wiuth the wishes of a dying man?

The Government tax us whilst we earn it, why the hell should they be allowed to re-tax us when we expire? It's wrong!

Answer 5

Let's assume for purposes of discussion that we're talking about rich people who have earned every penny they have, honestly and with their own sweat. Their money belongs to them, not to us, and if they want to leave it to their children who the hell are we to say them nay, that we'll use the government instead to take it for ourselves when they're dead and no longer able to defend themselves. Even if it's papered over by the enactment of amendments to the tax code, it's still nothing but theft, legalized theft.

People who dream up unworthy schemes like yours rarely think ahead to consider the potential consequences, including the corrosive effect it has on the character of the people in a democracy, who by definition have the power to vote themselves into the public treasury. I say unworthy schemes, because they create perverse incentives to tempt the people to become like the highwaymen of old, telling their fellow citizens to stand and deliver.

Intended or unintended, there are always consequences. People always adjust. They don't just click their heels and salute when legislation creating a confiscatory death tax is enacted; they adjust, even if they do no more than make it their business to spend every penny before they die.

Answer 6

No i disagree! Bereavement is harsh enough without the added nightmare of extended death duties. When my mother died ... She ahd a private pension ... Inland Revenue took so much out oif it (A hefty wedge) And then! I got taxed over it as well and that was daylight robbery!

Answer 7

My Grandad worked really hard after the war to build up his own business, and stand for his local political party.
Because of how hard he worked, when he died my Nan has savings and investments that keep her afloat. Which is a good thing because my Mum has little money to help my Nan.
He built a future for his family, and left financial security behind when he passed on.
God bless him :(

Answer 8

That's just silly. So you would happilly live in poverty just so it's fair?

We live in a society where you need to look after your own, the government is incapable of supporting the population, taking any inheritance would be scandelous.

Answer 9

So what happens if a child's parents die? Does that mean the child has to get a job, so they don't get "an unfair start in life"?

Answer 10

Yeah right I take you haven't got a bequeathing in the pipeline then LMAO