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Reply #46: home, savings, jewelry, heirlooms [View All]

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sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-16-06 11:31 PM
Response to Reply #44
46. home, savings, jewelry, heirlooms
Whatever meager amount a typical family has managed to accrue over a lifetime. We make allowances for that in this country, we don't tax the first million in an estate. It doesn't sound like the UK has these kinds of limits and if they don't, they ought to. It's the only way the working class will ever have an opportunity to accumulate some wealth and security. I don't know why anybody would object to that. In the case of these two sisters, it isn't a question of whether getting a #375,000 house is worth #40,000 in tax, it's a question of them not having the #40,000 to pay and being thrown out of their home at 80 years old. It's morally wrong.
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