The future under Corbyn & McDonnell

Hmm, I think this is envy politics again, because some posters don't own their own homes. And if they did, I'd put money on it that they would be against inheritance tax for average family homes. "^Children of the wealthy^"?? Your version of "wealthy" is not mine. You are calling ordinary working people living in modest 3 bedroom homes wealthy? So who's the idiot?

Our estate will pay inheritance tax. I have no problem with that.

My children have houses of their own, have very well paid careers and hopefully will get the residue of our estate after tax. Tax which will go towards (if we have a sensible government) the health service or a good infrastructure or education. They will be the beneficiaries of a civilised and civilising country.

Well, I don't think that our estate will attract any tax unless the rules are changed

Well done them whitewave!!

Not all are so fortunate or perhaps prefer to do a fulfilling and worthwhile job which doesn't pay mega-bucks.
I hope we can help ours one day, if not now.

I'm equally scared of a Tory government. Having worked in education I've witnessed the damage already done. I'm a firm believer in Keynesian economics and I just can't understand the worry about costs - particularly as the Tories haven't reduced national debt:

fullfact.org/economy/labour-and-conservative-records-national-debt/

I have no idea why people are so concerned by inheritance tax. They can always choose to downsize and gift money to their children, tax free (just avoid dying for seven years!).

Should they have to pay for care, there really won't be much, if anything left to be inherited anyway!

MissFoodLove I have tried the link again. It works fine.

WW2: My children have houses of their own, have very well paid careers and hopefully will get the residue of our estate after tax. Tax which will go towards (if we have a sensible government) the health service or a good infrastructure or education. They will be the beneficiaries of a civilised and civilising country.

This is my situation too. I don't expect much residue unless the Welfare State is repaired, all my savings are put aside for my care. Which might be a long time, my mother was 101 last month!

My mother in law died in June. She left her house and savings
to her three great grandchildren, her son died whilst on duty
in the police force so she chose to do what he would have done.

My three grandchildren now have deposits to buy a property

Anniebach excellent. Better to help them on their way in life than the government wastes it on MPs' second homes.

One of our DC has no hope of buying on her own unless she gets a big inheritance!

I own my own home. It's worth loads more than when I bought it 30+ years ago. I need to downsize but if my estate was big enough to qualify for inheritance tax I would willingly pay for a decent education and health service and a supportive welfare state. This idea that if you own your own home you somehow turn into a grasping Tory not wanting to pay tax is so wrong. Some of us were brought up to believe in a system which looks after the poorest and weakest.

A list of countries whose economies are as left-wing as the UK's would be under Corbyn:

Sweden
Norway
Denmark
Finland
The Netherlands
Portugal
New Zealand

These countries are doing fine. In fact, they have among the world's highest living standards. Don't let the MSM scare you!

What about those children will never have a big inheritance because they were unfortunate enough to have been born to the wrong parents?

One way or the other, the housing situation in the UK needs a radical rethink. And no trisher I don't think all homeowners are grasping Tories.

You might not growstuff but Opal does some posters don't own their own homes. And if they did, I'd put money on it that they would be against inheritance tax for average family homes

Einstein once said...

Insanity is doing the same thing over and over and expecting a different result.

If you’re frustrated with politics and voting Conservative in 2019...

Then on what basis expecting the next 5 years will be any different from the last 9 years?

Inheritance tax should be abolished.

Some poor blighter who's worked hard all their life, paid tax, bought his home then the taxman can't wait to get his grubby hands on more tax after a person has died ?? What's that about ?

Can’t believe that you think Momentum members are frightening. Many are our age and all they want is a better future for their children and Grandchildren. The brainwashing that has gone on by our Right wing Media is truly shocking. How much of the press is left wing? Not much.

If the estates of "ordinary" people become liable for inheritance tax it is usually because the value of their home has risen enormously in price, as has ours. This price rise is in no way a result of anybody working hard, it is just the way that the property market has inflated, there is no virtue in it.

If we want decent public services they must be paid for, the attitude towards paying tax must change, no more talk of "grubby hands" or an assumption that the tax will be wasted or embezzled, but an acceptance that decent services cost money.

Also, EV, had the money been spent during the person's lifetime it would have been on things that were taxed, because just about everything you buy has some sort of tax on it. All that is happening with inheritance tax is that the unspent money is having some tax deducted from it. With a tax 'allowance' of over £300,000 before any tax is paid it doesn't seem ungenerous...

I absolutely agree about unwittingly getting into the IHT bracket because of the soaring value of perfectly ordinary houses but that raises a different set of questions about the inflation of house prices and the 'value' of money. It also raises questions about the concentration of money in the hands of the 'haves', leaving less for the 'have nots'.

Here's what Corbyn really stands for- "public service"- Do you think Boris even knows what that means?
www.facebook.com/EvolvePolitics/videos/1323735447807192/

Only had time to read the first page and so far I'm with trisher. And yeses, voters are responsible for lack of benefits, housing etc if we vote for a government that doesn't care.
It's not envy.

My DH says he is leaving the country if Labour get in - not sure where he is going though ?

dragonfly46!! ???!

How many of those countries have a free National Health Service?

If the Tories get in we probably won't have one anyway.