Read this:
We need to scream and yell about it.
One step forward and two steps back. the Tory election agenda on inheritance tax
Better than shout and yell and rant on like the unhinged radicals we are, why not (partially) encourage it? The family home, for most people, is a two/three bedroom detached. Or perhaps in these modern times, an apartment. It will be highly unpopular to impose taxation on that kind of very limited, plebeian inheritance. I think it would not be unfair or anti-meritocratic to allow people to inherit family homes. Well, yes, it would; but if we’re looking to be democratic about this enterprise, then we have to make many ideological concessions in order to raise the sort of voter numbers we will need, and this is one of them.
The family estate, on the other hand, is what can rail against. Now that’s not something everyone is going to have, so we have carte blanche to be unhinged radicals about it. Certainly, it would be easy to play on the bitterness of the working man and woman towards their employer, by framing the employer as a fat cat who’s got an estate the size of Buckingham Palace and the worker as someone with a detached.
It’s unmeritocratic for some of us to have the burden of paying rent or mortgage while others start off life with no financial burdens whatsoever. If it wasn’t for rent, I could survive on busking on the streets with a guitar and that would easily pay for a 10-kg bag of rice and some vegetables.
Interesting viewpoint!!!