I like how what we used to call 'saving' is now 'wealth hoarding'.Originally Posted by Peter
Inheritance tax to 90%?? FFS......
I can't say I would view my parents' house as unearned wealth. They mortgaged themselves up to their eyeballs in their late 30s and worked like lunatics for 20 years to pay for it. Not only is it not unearned, but the earnings that paid for it were also taxed.
I haven't see a penny of it (and quite right too) but if I had, purely to help with a first deposit, that apparently would have made me some kind of middle class ****.
****ing Guardian
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