If you wanted a reason to expand #inheritancetax (form the 3% of estates its currently levied on), this would be it.... a massive consolidation of #wealth is about to really accelerate as the Baby Boomers continue leave the stage (putting it delicately).
@ChrisMayLA6 a lot of Gen X folk with Boomer parents have had to struggle with a declining economy and not getting a home until much later than their parents.
Instead of increasing inheritance tax. Simply make it 100% for everything over £2 million.
Apply to the monarchy as well. No exemptions. If they don’t pass it on whilst alive then that’s it.
Add comment