This is quite bizarre
Apparently Boris has buyers regret over marrying Carrie.
PM Boris Johnson to sue The New European over "buyer's remorse" article... Not.
UPDATED 13.30: Apparently they've changed their minds now.www.theneweuropean.co.uk
Not on there but I think he also voted to reduce legal aid. Hopefully he’s breaking his release conditions by not paying his debt and gets a recall."Ex-MP Charlie Elphicke jailed for sexual assault now claiming universal credit
Former Tory member for Dover tells court he is in ‘very difficult position’ and unable to pay £35,000 of costs"
Anyone got a tiny violin I could borrow?
BBC News - Social care: MPs to debate plan for cap on care costs
Social care: MPs back change to funding cost cap in England
Critics say altering the way the cap will be calculated could disproportionately hit poorer people.www.bbc.co.uk
More levelling down.
It's a complete con to protect the assets of the rich. If you own a multi-million pound house then that counts towards the cap. If you get a misely sum from the council it doesn't. Utter joke of a proposal.
It's a complete con to protect the assets of the rich. If you own a multi-million pound house then that counts towards the cap. If you get a misely sum from the council it doesn't. Utter joke of a proposal.
Why? Many have worked hard to own said house. It’s theirs they earned it - earned.
I just feel so in awe of the brilliance and extreme competence of this man.
It’s an imperfect solution, however, Im not sure anyone with a house valued at 200k-300k house could be classed as rich ?! I think they will benefit from the new proposals compared to the current system
I would’ve preferred some kind of additional contribution from those with assets of say over £1m or £2m, however, this would be just a political gesture (it would raise little). Do you really think someone with a multi million pound house will be using standard social care or that their main assets won’t be in trusts etc ?! ie I might be wrong however I’d imagine they’re out of the system to start with
He is a good performer, this isn't great for that image.I just feel so in awe of the brilliance and extreme competence of this man.
People who own houses of that value aren't rich (they just aren't poor) but that is an argument over what the limit should be, which isn't really what I'm focusing on - it's more the way the system works.
You are correct about rich people protecting their assets in trust etc and not paying anyway but the fact is they could get hundreds of thousands of pounds worth of NHS care for £89k rather than having to pay full whack in the private market. They can then use the money saved to buy the extra care.
Meanwhile many poorer people will have no choice but to do so if they want care. They may end up receiving more value in care than they contribute but poorer people are more likely to die at a younger age and so are more likely to receive less overall value.
A less well off person could die in their early 70's having had to sell all their assets and pay for all of their care as they have not yet reached the £89k. Meanwhile a rich person could live into their 90's and pay only a tiny fraction of the cost of their care from their own assets, which they still have the vast majority of because of the cap.
Richer people are far more likely to get value for money from this than the poor.
It isn't easy. The fact that the wealthier are in a position to utilise trusts etc to protect wealth is a privilege in itself. Its sad that people can work really hard to earn an asset such as a modest home but then that little leg up they might hope to pass on to children or grandchildren will be wiped out.It’s an imperfect solution, however, Im not sure anyone with a house valued at 200k-300k house could be classed as rich ?! I think they will benefit from the new proposals compared to the current system
I would’ve preferred some kind of additional contribution from those with assets of say over £1m or £2m, however, this would be just a political gesture (it would raise little). Do you really think someone with a multi million pound house will be using standard social care or that their main assets won’t be in trusts etc ?! ie I might be wrong however I’d imagine they’re out of the system to start with
It's how I'd rectify it, make inheritance tax more progressive.The richer, assuming their assets remain in their estate will have a bigger inheritance tax bill which comes back into the pot anyway
It's how I'd rectify it, make inheritance tax more progressive.
It's a difficult thing, inheritance. It seems fundamentally unfair to get a leg up because your parents, not you, have worked hard... and I think back to somebody I knew who died, who had no children or surviving siblings, so a random great neice they'd never met got the entire £1mil+ estate!
But at the same time, I'm not going to refuse anything my parents are able to leave me, out of principle!
When are you going to die Tom?I'll be signing over everything I own to my son long before I'm dead so the government don't get their grubby mits on a single penny. I've earned it, I've paid tax on it, I want my son to have it. Inheritance tax my arse.
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I'll be signing over everything I own to my son long before I'm dead so the government don't get their grubby mits on a single penny. I've earned it, I've paid tax on it, I want my son to have it. Inheritance tax my arse.
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Lucky great niece !!! To be fair I’d imagine out of a £1m estate the government would’ve still got £270k on (I’m guessing) already taxed income. Not a bad slice...although not as good as the lucky great niece (if you’ve got her number feel free to pass it on)
Well unless there are major medical advancements in the next couple of decades, I'd consider 85 a good innings.When are you going to die Tom?
You been on that website like Martin Goodman? Do you get to go to space?
I wasn't being funny it just reminded me of this scene from Friday Night Dinner.Well unless there are major medical advancements in the next couple of decades, I'd consider 85 a good innings.
Not too bothered about space, not even been to America yet, that will likely be alien enough for me.
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I'll be signing over everything I own to my son long before I'm dead so the government don't get their grubby mits on a single penny. I've earned it, I've paid tax on it, I want my son to have it. Inheritance tax my arse.
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I wasn't being funny it just reminded me of this scene from Friday Night Dinner.
Just gift your shit 7 years before you're brown bread and you're golden.
I know people in the tax game who would ask you what Saturday's lottery numbers are though.
So a nurse hasn’t “worked” hard enough to buy a house that’s valuable enough that they don’t have to cash in 100% of the value for social care later in life. Morally bankrupt again.Why? Many have worked hard to own said house. It’s theirs they earned it - earned.
Never got this “already taxed income” line. All money has been taxed before. I don’t not pay VAT on my shopping because I paid income tax on my wages. And Aldi will take that income and use some to pay business rates. You don’t tax money you tax transfers of money.
Of course if he does gift it early and his son turns out to be a crack addict with a taste for high class hookers (no reflection on Tom's parenting!) then he's completely shafted, and on the streets... with nobody to support him as no bugger's paid their tax.Fundamentally disagree with this.
Inheritance tax is about the only tax that even attempts to inject a tiny bit of rebalance between the fortunate & no so fortunate.
Your son would still get a load of money for nothing.....even if he had to pay inheritance tax....they only start taking it after the initial 325K (or 500K) if you include your house....
So that would be half a million, tax free, plus a further 60% of anything over 500K for doing absolutely nothing other than being lucky enough to be your son.
I'm happy with the idea that my sons will pay inheritace tax (assuming it don't all get swallowed up by care costs) as they'll still get a big chuck of tax-free cash for fuck all other than being born lucky.
Don't worry mate, we'll keep an emergency flat in Cyprus just incase my son goes rogue.Of course if he does gift it early and his son turns out to be a crack addict with a taste for high class hookers (no reflection on Tom's parenting!) then he's completely shafted, and on the streets... with nobody to support him as no bugger's paid their tax.
But as you point out, the great neice got a fortune through to reason other than distant blood ties. It's not an overly fair system!my earlier comment was just saying to NW that the government would’ve taken a decent slice out of that estate
Perhaps the clearest indication of the Ramseys' attitude to money, however, is the way they treat the kids. In 2017, the Telegraph reported that the Ramsey children are not allowed to fly first-class alongside their parents unless they pay for it themselves. Until then, they sit in coach. Ramsay's view is that luxuries are more appreciated when they've been worked for.
Other Ramsay parenting tips: the kids get about $65 per week each to pay for their phones and bus fare, and they have to learn to cook (of course) because feeding yourself is a life skill.
But by far the biggest revelation comes on the subject of the Ramsay kids' inheritance. Spoiler: they're not getting anything.
Ramsay told the Telegraph that almost none of that $220 million net worth will be automatically divided amongst his children's bank accounts when the time comes.
"The only thing I've agreed with Tana is they get a 25% deposit on a flat, but not the whole flat," he said.
The dealers and organised crime Dons will still find you!Don't worry mate, we'll keep an emergency flat in Cyprus just incase my son goes rogue.
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If everyone had an opportunity to purchase their own property based on hard work alone then your point would stand up a lot more.Why? Many have worked hard to own said house. It’s theirs they earned it - earned.
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