Not related,but I would like to mention this regardless: >>No party will suggest the rational solutions: if hard work makes us rich, let’s tax inheritance at 85%, so the children of rich men have to work hard too. But no: that would never do I never understood this argument. I am not rich by any means,but why would my children have to pay 85% on things that I want to leave them?? It's idiotic - I worked hard to earn…
You want to give money/goods to your children so that they have a easier life and need to work less to get the same decent life as anybody. This is totally valid, up to a certain point. Let's take the other extrem, when a child could inherit enough to get a better life without working than someone working his whole life. There is absolutely no need of such a concentration of wealth. That's why inheritance should have…
Why not? If I, as a parent, worked hard enough to make life easy for my child, who are you to tell me that I can't do it?(I mean in general, don't take this personally) I have paid tax on everything that I made, bought, or built - why would they pay tax on the same things again??
Following your argument, we should stop giving our children absolutely anything - you could argue that someone's child should not be given a phone or a car,because it's unfair towards someone else who had to work for it,right? But then why do you care - I worked hard to buy those things to give to my children. Anything else is irrelevant.
I can give you another example which makes me hate inheritance tax with passion - I know a family, which had a house which was owned by them for centuries. And then, when the parents died,they didn't have a lot of money, so the only thing left was that house. HMRC enters the scene -> children have to pay inheritance tax on the house. There is no money left,so they have to sell their family house, purely because people think it would be "unfair" for them to keep it. Absolute BS if you ask me.