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Inheritance tax should be raised to 100% for everyone born in the UK
Current version: 30 Mar 2010 | 12:53 | dhc
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Yes, because... More tax money would be nice
OK, some people don't like big government, but everyone likes not getting MRSA when they visit an NHS hospital.
Likewise better schooling, transport, cuts in existing taxes even more nukes to fend off the commies if that's what floats your boat.
Please note that the title of this debate is 'inheritance tax' not income tax. I agree that 100% income tax would be insane, since there would be no incentive for anyone to earn money. Money earned from a 100% inheritance tax would always be less year on year than that earned from current taxes, that means a 100% inheritance tax does not require raising the overall level of tax.
Yes if we lived in a perfect world that's how things would work. Probably without the nukes. But we don't and every single government that has ever existed proves this point. 100% income tax, 100% government corruption.
You'd have to be sure that the government will spend the money well. This is highly debatable. Governments (particularly the current one) have a tragic record of blowing cash on job-creation schemes.
Modified:
13 Jul 2010
