Quote Originally Posted by baggiematt View Post
I'm not questioning capitalism Al. I get that skills are paid based on scarcity and it's a market for those skills. It's the fairest and simplest way of running a society. But inheritance is based on nothing, with the best off being the most privileged rather than those that have unique skills or knowledge, or indeed hard workers.

Al, you and I both know anyone who can have their deposit paid for their first house is privileged. I don't know what point you're making about fags and alcohol, you write on here about all the holidays you have so you spend your money differently. You've not exactly had to have beans on toast every night to afford to pay your daughters house deposit.

The point isn't that people should feel guilty or doing anything different. The point is that it's an unfair system, privileged for some not for others and the system should change. If you get something, you pay tax on it. There's no such thing as a good taxed once as tax is based on the person not the product.

So you say a child receiving a deposit for a first property is privileged even though a parent is saving hard to do this? So is a parent themselves privileged if they spend equal to a deposit on a flashy car for self obsession? Is a child privileged if a parent pays or contributes around 10K for the daughters wedding? Can?t see the difference personally! Choices and more choices!

Many would argue inheritance tax has already been taxed albeit any capital gains between buying and selling has not. Should any money gifted or lottery win be taxed to a child therefore in your eyes?

I sort of get where you?re coming from if a parent is wealthy and hands their child a penthouse flat. Many parents though may choose to cut back on flashy cars, very nice clothes and other mod cons to help their kids. I do know a few kids who go to a local private school where those parents scrimp and save and forego holidays. In that case are the kids privileged or just lucky they have wonderful parents putting their kids education first before their own needs?