Who do you think it sounds like I’m blaming?
I was not aware of playing the blame game at all.
Comment on Record breaker Starmer is the 'most unpopular PM since polling began'
UrbonMaximus@feddit.uk 3 weeks agoSorry that your parents had to sell, but it sounds like you’re blaming the wrong people.
Digit@lemmy.wtf 3 weeks ago
chonglibloodsport@lemmy.world 3 weeks ago
If the inheritance taxes are the reason his parents had to sell then it stands to reason that the people who introduced the inheritance taxes in parliament are to blame, no?
UrbonMaximus@feddit.uk 3 weeks ago
I don’t see how inheritance tax is to blame. You’d pay less on inheritance tax than paying income/capital gains tax on selling your land. I suspect other reasons were at play.
chonglibloodsport@lemmy.world 3 weeks ago
Inheritance taxes for real farmers (as opposed to people who just buy farmland to live in the country) are much higher because they include capital expenditures. Modern tractors, harvesters, ploughs, seed drills, sprayers, barns, equipment sheds, silos, fences, irrigation systems… all of this can add up to millions of pounds. Having to suddenly pay a large inheritance tax for a cash-strapped (high leverage) working farmer because their parent died could absolutely force the sale of everything.
UrbonMaximus@feddit.uk 3 weeks ago
How is that different from any other family that inherits a business? The nominal amount might be different, but it’s the same situation. If they can’t afford to keep it, they need to sell - it’s a frustrating situation for everyone, I don’t see why farmers need to be special. As I said before, to protect society from wealth hoarding, inheritance tax is a necessity and should be properly enforced.