100% inheritance tax is legalised robbery - and a flawed premise that should be scrapped altogether, writes Iain Dale
By Iain Dale
In the world of political debate, it’s rare to find an issue so polarising that it shatters all hope of common ground.
My colleague, the brilliant political commentator Lewis Goodall, and I usually get on famously and find plenty of shared perspectives. Yet, on the subject of inheritance tax, we stand at opposite ends of a chasm. His recent suggestion that inheritance tax should be set at 100% has left me not just in disagreement but genuinely outraged.
I respect Lewis immensely, and I know he was being provocative to make a point, but the sentiment behind it is one I simply can't accept. This idea, which is often couched in "progressive" and "radical" language, is nothing more than legalised robbery. It reveals a fundamental and deeply troubling belief held by some on the left: that the government has a better claim to an individual's hard-earned money than that individual's own family.
The argument for a high inheritance tax is based on a flawed........
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