Happy Birthday to the politics of envy

Published: July 25, 2007, 9:43 am

Break out the champagne, put on your party hat, and blow one of those annoying squeaky things, because Inheritance Tax is 21 years old today! This jolly jape, by the government, takes assets over 285,000 and slaps a 40% tariff on them, as punishment for being prudent. You can avoid this tax by pissing all of your savings up the wall, not being an evil house owner, or by spending your life as a lazy, work shy bastard. It is also more likely that you will be able to avoid it by living somewhere where the houses are cheap, because there are no employment possibilities, which is also a good thing, because all of those enterprising people who work in the city raising huge tax revenues for the government are also to be discouraged. Although originally designed to replace capital transfer tax, or whatever it was called; a tax designed to punish the rich and successful for wanting to take care of their own children ( tut, tut, that’s the states job, don’t you know), by refusing

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