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How should we fund Social Care?

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  • fidgetbonesfidgetbones Posts: 15,447
    My parents inherited nothing but a funeral bill. My mother is still alive so I have inherited nothing. I however have a house which will be divided up amongst my niece and nephews. Many of the next generation will inherit quite a lump sum, maybe a whole house, maybe enough to put down  this deposit that I hear is impossible to raise. Are you saying hostafan, that your estate is going to the cats home instead of your children?
    You don't stop doing new things because you get old, you get old because you stop doing new things. <3
  • WonkyWombleWonkyWomble Posts: 3,812
    Tax inherited wealth,  second homes,  amazon,  Google, that should cover it
  • Hostafan1Hostafan1 Posts: 29,946
    My parents inherited nothing but a funeral bill. My mother is still alive so I have inherited nothing. I however have a house which will be divided up amongst my niece and nephews. Many of the next generation will inherit quite a lump sum, maybe a whole house, maybe enough to put down  this deposit that I hear is impossible to raise. Are you saying hostafan, that your estate is going to the cats home instead of your children?
    No I'm not, but I'd be happy to pay more of towards those who genuinely needed it IF everyone else did the say , ie via taxation.
    Devon.
  • BenCottoBenCotto RutlandPosts: 3,106
    Typically when people inherit they are 50 or 60+. By that stage in their life they are probably well set up. Should the money go straight through to the generation below it can often be divided many, many ways especially if the children of the deceased have remarried. Taxing inheritance, which is money which has already had tax paid on it, is a complicated matter.
  • Hostafan1Hostafan1 Posts: 29,946
    BenCotto said:
    Typically when people inherit they are 50 or 60+. By that stage in their life they are probably well set up. Should the money go straight through to the generation below it can often be divided many, many ways especially if the children of the deceased have remarried. Taxing inheritance, which is money which has already had tax paid on it, is a complicated matter.
    the rise in house value is " unearned " and , as such, untaxed. 
    My house has almost doubled in value in 10 years. I've not lifted a finger towards that rise, nor have I been taxed on it.
    Devon.
  • DovefromaboveDovefromabove Central Norfolk UKPosts: 73,806
    edited 5 September
    In France I pay a "social charge" on my pension and people who go to hospital pay for their board and lodging, but they usually take out an insurance to cover it, also we pay roughly 7€ for each visit to a GP but the poorest people are free. Why shouldn't the British pay a bit more for their health and care, but exempt the worst off?

    Well wasnt that the point of  Nat Ins.? Its just that over the years it’s been swallowed up into the nations accumulated taxation fund rather than being used for its intended purpose and the amount raised by NI bears no relation to the amount spent. 
    “I am not lost, for I know where I am. But however, where I am may be lost.” Winnie the Pooh







  • Hostafan1Hostafan1 Posts: 29,946
    In France I pay a "social charge" on my pension and people who go to hospital pay for their board and lodging, but they usually take out an insurance to cover it, also we pay roughly 7€ for each visit to a GP but the poorest people are free. Why shouldn't the British pay a bit more for their health and care, but exempt the worst off?

    Well wasnt that the point of  Nat Ins.? Its just that over the years it’s been swallowed up into the nations accumulated taxation fund rather than being used for its intended purpose and the amount raised by NI bears no relation to the amount spent. 
    ditto road tax
    Devon.
  • DovefromaboveDovefromabove Central Norfolk UKPosts: 73,806
    The way homes have become investments and fuelled ridiculous property price rises is just immoral. 
    “I am not lost, for I know where I am. But however, where I am may be lost.” Winnie the Pooh







  • Hostafan1Hostafan1 Posts: 29,946
    The way homes have become investments and fuelled ridiculous property price rises is just immoral. 
    Before Thatcher sold them all, poorer people could bank on a council place. 
    Now those of us who pay council tax are, via housing benefit , making landlords rich  
    Devon.
  • FireFire LondonPosts: 11,607
    Obelixx said:
     not enough homes are available


    There plenty of homes and plenty of housing available. The govt refuse to regulate the housing market so value and pricing is crazy. The problem gets solved not by building on every square of green space but working with the stock we have and making much better use of it. It is public good - like water, railways, utlility companies. These and housing stock should be regulated and not flogged for the highest profit for the fewest people, creating a crisis for everyone else. It's a nuts way to run a country.

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