"Let me tell you about the very rich. They are different from you and me."

You said you had no close family and would be leaving your money ‘to the cats’ home or equivalent’ earlier on this thread . You also said you didn’t understand the sentimental desire we have to leave money to children on this thread. I have simply repeated what you said on this thread. I think I’m entitled to believe what you say. Perhaps not.

These are the quotes you are referring to:

I've worked damn hard in life and I have no "loved ones" to leave anything to.

My perspective is that I'm not constrained by sentimental ideas of parenthood.

The "loved ones" was a reference to a post that had come before.

So you have not simply repeated what I said on this thread. You haven’t even taken what I said out of context. You’ve made up completely different sentences then ascribed them to me.

I guess we can all decide who we want to believe, eh?

Inheritance is a funny old thing. I understand wanting to provide for one’s children but…a lot of children can and should provide for themselves. We have provided for our son now. Anything we leave hi when we pass will be a bonus.
I can’t subscribe to penny pinching just to leave money to children.

If you say you have no loved ones then I take that at face value. Then you suddenly pull some out of the hat. You can’t have it both ways. I’m sure, given how hard up they are despite their lives of honest toil, they’ll understand when you leave everything to the cats - something you don’t deny saying.

I would thought that someone with the illustrious career in the law what we've all been privileged to hear about so regularly would have understood the importance of understanding what words mean.

Maybe not. Or maybe some people are just better at constructing false arguments that they think prove another person wrong.

Who knows.

More tax avoidance

Richard Murphy

Sajid Javid was a non-dom and used offshore trusts to avoid tax during the pre-2008 era when the bank he was being paid a fortune to work for was lining up to crash the world economy and he expects us to forgive him because ‘it was all a long time ago’. I don’t think so.

Another thread about to get snippy. Like yesterday’s Grand National one.

Whitewavemark2

More tax avoidance

Richard Murphy

Sajid Javid was a non-dom and used offshore trusts to avoid tax during the pre-2008 era when the bank he was being paid a fortune to work for was lining up to crash the world economy and he expects us to forgive him because ‘it was all a long time ago’. I don’t think so.

It is not illegal to be a non dom for taxes purposes Whitewavemark2

However much you and others dislike it, it is perfectly legal and has been around since the late 1700’s, so Government after Government after Government of all parties could have changed it, but they haven’t.

GrannyGravy13

Whitewavemark2

More tax avoidance

Richard Murphy

Sajid Javid was a non-dom and used offshore trusts to avoid tax during the pre-2008 era when the bank he was being paid a fortune to work for was lining up to crash the world economy and he expects us to forgive him because ‘it was all a long time ago’. I don’t think so.

It is not illegal to be a non dom for taxes purposes Whitewavemark2

However much you and others dislike it, it is perfectly legal and has been around since the late 1700’s, so Government after Government after Government of all parties could have changed it, but they haven’t.

Yes I’m not sure how often you have said this, but it does not make it morally right.

Urmstongran

Another thread about to get snippy. Like yesterday’s Grand National one.

I rather think it's another thread simply telling the truth you don't want to hear Urmsontgran.

Rosalyn69

Inheritance is a funny old thing. I understand wanting to provide for one’s children but…a lot of children can and should provide for themselves. We have provided for our son now. Anything we leave hi when we pass will be a bonus.
I can’t subscribe to penny pinching just to leave money to children.

As far as I can see no one is talking about penny pinching - the discussion started about rich people and inherited wealth, and has now become fixated on those who don’t have much to pass on and how everything they’ve worked for should be confiscated by the state to be redistributed among those who have even less. Why is it anyone else’s business what you do with property and possessions you’ve worked for and been taxed on until the pips squeak. A lot of these posts are coming from positions of envy. Classic Tory divide and rule - as I said before. If we’re sniping at those who have a little, we leave those who have a lot alone.

If you own a house that doesn't mean you have nothing to pass on. It means that compared to a significant proportion of the population, you are "rich".

Not envy, but maybe an inconvenient truth for some.

Can I remind everyone that this thread is about the VERY rich.

Silly to be squabbling about the distribution of the scraps they leave for the rest of us...

Yes of course MaizieD. Perhaps you'd also like to remind posters that insinuating that other posters are jealous liars isn't very nice?

Cheers ??

MaizieD

Can I remind everyone that this thread is about the VERY rich.

Silly to be squabbling about the distribution of the scraps they leave for the rest of us...

Thank you - I’ve been trying to make this point throughout the thread. I

And @ volver. I appreciate that you’re coming at this from the point of view that you have nothing to leave in terms of property, but to suggest that people who do, are ‘rich’ is ridiculous and insulting to those people who have applied themselves and worked hard to achieve what they want out of life.

If the Tory elite were to look at this thread, they would be absolutely delighted that their plan is working. Divide and rule is alive and well.

@ doesn't work on GN.

Friendly reminder.

volver

Yes of course MaizieD. Perhaps you'd also like to remind posters that insinuating that other posters are jealous liars isn't very nice?

Cheers ??

Neither is insulting those people who have worked hard for the little they have, by suggesting that they should be responsible for those who have less, or that they are selfish and trying to avoid inconvenient ‘truths’. You’re trying to level the playing field - I don’t disagree with this at all, but for that, you need top down change, not tinkering around the edges.

Oh, I just read that.

I have nothing to leave in terms of property ?

We really are in the realms of making things up to suit our half-thought-through ideas now, aren't we?

I worked hard and applied myself and paid off the mortgage on the 4-bedroom house 15 years ago. Where does that leave your politics of envy, please?

So where would the threshold be? There are very few people (a couple of percent max) who are very rich.

About 90% of the UK's wealth is owned by the top 50%, so anybody earning over the median income (£24,600 pa in January 2022) is rich to the other half of the population.

Pammie1

volver

Yes of course MaizieD. Perhaps you'd also like to remind posters that insinuating that other posters are jealous liars isn't very nice?

Cheers ??

Neither is insulting those people who have worked hard for the little they have, by suggesting that they should be responsible for those who have less, or that they are selfish and trying to avoid inconvenient ‘truths’. You’re trying to level the playing field - I don’t disagree with this at all, but for that, you need top down change, not tinkering around the edges.

Why is that insulting them?

growstuff you think earning over £24,600 per annum makes you rich ?

growstuff

So where would the threshold be? There are very few people (a couple of percent max) who are very rich.

About 90% of the UK's wealth is owned by the top 50%, so anybody earning over the median income (£24,600 pa in January 2022) is rich to the other half of the population.

Only about 1% but they have enormous power, whilst ensuring that they pay much less tax as a % than the rest of us, that as far as I’m concerned is the issue

volver

Oh, I just read that.

I have nothing to leave in terms of property ?

We really are in the realms of making things up to suit our half-thought-through ideas now, aren't we?

I worked hard and applied myself and paid off the mortgage on the 4-bedroom house 15 years ago. Where does that leave your politics of envy, please?

*volver has no children or close family and who was brought up in poverty but was a high achiever and is a very intelligent woman seems not to understand the desire to leave something to your family. Again, if her family circumstances were different I suspect she would not be happy for the State to confiscate everything she has when she dies.
Evidence perhaps that our personal circumstances colour our feelings about the ability to leave an inheritance?*

It was this, from another poster that gave me the impression you didn’t own property. My apologies if I was mistaken.

Median individual income is not the appropriate figure to use, median household income is more meaningful.
Median household disposable income in the UK was £31,400 in financial year ending (FYE) 2021, which covered the first year of the coronavirus (COVID-19) pandemic; this was an annual increase of 2%, based on estimates from the Office for National Statistics' (ONS) Household Finances Survey.

* We really are in the realms of making things up to suit our half-thought-through ideas now, aren't we?*

As you can see from my post above, it was a simple misunderstanding, not a case of making it up. And as someone who supports the idea of robbing after death, those who have a little, to give to those who have less, can I suggest that you are not best placed to judge what is and is not a half-thought-through idea. I’m out of this thread now. It’s descended into a race to the bottom.