Andy Burnham, The Health Minister, yesterday announced the new Labour 'Death Tax'.On top of the iniquitous inheritance tax already in place, this idea beggars belief!
Some 17.5 million would be affected and their estate robbed of 10% of its value.
As far as I can ascertain there will be no lower threshold.
Why is this so wrong? - Well, two reasons for a starter:
1) It is immoral. "Ah, somebody in your family has died - good - give us a chunk of your family's money, then!" This is not taxation but is much closer to extortion.
2) These are monies on which tax has already been paid!
Tragically, once again, Labour has no concept about ordinary people. Do they really think that this will encourage people to save up for old age so as not to be a burden on the state?
The thinking is simply moronic!
The amount of people who will become an extra burden on the public purse because of this could run into six figures - but more likely SEVEN!
Have they no concept of the 'Law of Diminishing Returns?
