Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Taxman Cometh: Labour Looks to Use Inheritance Tax to ‘Redistribute’ Wealth
Breitbart ^ | 07/03/2024 | SIMON KENT

Posted on 07/03/2024 5:59:46 AM PDT by ChicagoConservative27

An inheritance tax raid to “redistribute” wealth is a possibility for a Labour government if it gets into power, a leaked recording of a shadow frontbencher suggests.

Darren Jones, the shadow chief secretary to the Treasury, told a public meeting funds from the punitive levy should be used to address “intergenerational inequality.”

In the leaked recording, the contents of which were first reported by the Daily Telegraph, Jones – who will be responsible for public expenditure if Labour wins the election as widely expected – said there is a “bulk coming through the system of huge amounts of inherited wealth.”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government
KEYWORDS: inheitance; labour; tax; taxman
RIP UK
1 posted on 07/03/2024 5:59:46 AM PDT by ChicagoConservative27
[ Post Reply | Private Reply | View Replies]

To: ChicagoConservative27

Ohoh. Here comes that pesky “inequality” again...


2 posted on 07/03/2024 6:04:37 AM PDT by hal ogen (First Amendment or Reeducation Camp??)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

As bad as things may,or may not,be in Britain today they’re about to get a *lot* worse...and quickly.


3 posted on 07/03/2024 6:05:37 AM PDT by Gay State Conservative (Never Trust A Man Whose Uncle Was Eaten By Cannibals)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Rob from the English to pay the modern Danegeld.


4 posted on 07/03/2024 6:06:29 AM PDT by KarlInOhio (Democrats' version of MAGA: Making America the Gulag Archipelago. Now with "Formal Deprogramming")
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Methinks its a Leftist shakedown of the “donor class”.


5 posted on 07/03/2024 6:07:18 AM PDT by SecondAmendment (The history of the present Federal Government is a history of repeated injuries and usurpations ...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

It’s time for wealth to flee to friendlier environs again.


6 posted on 07/03/2024 7:02:54 AM PDT by xp38
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Karl Marx approves.


7 posted on 07/03/2024 7:04:07 AM PDT by NorthMountain (... the right of the people to keep and bear arms shall not be infringed)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

There should never be a death or inheritance tax. That money has already been taxed.


8 posted on 07/03/2024 7:15:41 AM PDT by bgill (.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bgill

BTTT


9 posted on 07/03/2024 7:53:24 AM PDT by nopardons
[ Post Reply | Private Reply | To 8 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson