Because The United Kingdom?

[urbanoid]

Just now, Stuart Galbraith said:

Well, there is a case for saying that the more foreign aid we dont send, the more immigrants we get. You could call it bribery not to come here, or you can call it development aid. It amounts to the same thing. Personally, im in favour of putting all of it into defence, just dont kid yourself there wont be unappreciated consequences.

Immoral? Well yes, I dont disagree. Maybe we can start thinking more on the moral wellbeing of our richer classes after we have fixed the economy they screwed up.

Completely unrelated, just like you are perfectly able to get 'zero' immigrants even if all of Africa and Middle East are embroiled in civil wars/famine/general poverty/whatever. The same is true for everyone else.

[Stuart Galbraith]

Just now, urbanoid said:

Completely unrelated, just like you are perfectly able to get 'zero' immigrants even if all of Africa and Middle East are embroiled in civil wars/famine/general poverty/whatever. The same is true for everyone else.

No, i dont think it is. People come here because their own countries are an economic basket case. There are parts of Africa where development aid has worked, and their economes are starting to sort themselves out. It can work, but it needs exceptionally smart and occasionally ruthless people to make it work.

Are we justified in binning it at the present time to surge defence? Absolutely. But we wont.

[urbanoid]

Yes, it is, you're just squeamish.

[Ssnake]

2 hours ago, urbanoid said:

inheritance tax* 

*imo one of the most immoral taxes in existence, out there with unrealized capital gains tax

Let me offer a counterpoint, for discussion:

Untaxed inheritances are fundamentally incompatible with the principles of meritocracy. You can favor one, or the other, but not both at the same time. Simply put, inheritances disadvantage talented orphans.

Now, there is a potential to destroy businesses with inheritance taxation. This may be a justification for generous exemptions. But wealth accumulated in families has no inherently superior morality to it.

[seahawk]

But this goes further. If the tax is high, people will switch to donations while still alive. And while you can tax those, I am not convinced that a high tax would survive in court.

[Stuart Galbraith]

And if you look at British society, there has been a historic intent to lock wealth into land ownership. That is essentially what being a Lord was all about. Same Im guessing was probably true in Germany with the Junker class.

When Margaret Thatcher overturned that law for farmers back in the 1980's, she essentially wasnt just turning her back on a more equal society. She started the slow death of farming in the Uk, as the farms all got bought up by big landowners. Seen the same thing in my village, a farm, linked to a castle since the year dot, is now owned by a large landowner from over 40 miles away. Presumably because he saw it as a useful way to avoid tax by locking it into land ownership.

So, im not surprised there are so many people squealing about this. I dont think its going to affect small farmers, although to be honest, they are heading the way of the dodo anyway.

I can see the point though, inheritance tax sucks. IMHO all taxes suck, just some are a bit more sucky than others.

[urbanoid]

56 minutes ago, Ssnake said:

Let me offer a counterpoint, for discussion:

Untaxed inheritances are fundamentally incompatible with the principles of meritocracy. You can favor one, or the other, but not both at the same time. Simply put, inheritances disadvantage talented orphans.

Now, there is a potential to destroy businesses with inheritance taxation. This may be a justification for generous exemptions. But wealth accumulated in families has no inherently superior morality to it.

As far as I'm concerned one of the main reasons for accumulating shit is to pass it onto your descendants/other family. I am a great enjoyer of the families adding to the pile generation after generation. Yes, inheriting is as legitimate source of wealth as earning it. I admit, much of my worldview is kinda... biological, not just in that regard.

[sunday]

2 minutes ago, urbanoid said:

As far as I'm concerned one of the main reasons for accumulating shit is to pass it onto your descendants/other family. I am a great enjoyer of the families adding to the pile generation after generation. Yes, inheriting is as legitimate source of wealth as earning it. I admit, much of my worldview is kinda... biological, not just in that regard.

There is the fact that a number of inherited fortunes got wasted in a few generations, and that would be enough to provide wealth redistribution without needing the always unwelcomed intervention of the State.

Inheritance tax is one of the most in your face predatory taxes.

[rmgill]

8 hours ago, Stuart Galbraith said:

No, they exist in a way dozens of your car companies dont. Yes, its a crap advert, we know. But it got you all worked up and noticing them again, so I guess it worked didnt it?

Worked up no. I'm just wondering if you really think their branding is going to sell cars to woke types with that ad at the same time they're making soulless electric vehicles or still making gasoline cars that none of the types targeted by that ad will want to buy a dirty gasoline powered car. 

Did the Dylan Mulvany ad sell Bud Lite to you? 

8 hours ago, Stuart Galbraith said:

Tell me, have Pontiac issued any adverts lately? That would be a no then.

I'm a Honda guy. Kinda sorta a Chevy guy as well but only the old iron.

Chevrolet exists under GMC just like Buick, and Cadillac. They sell 6,186,000 vehicle annually. Still Headquartered in the US. 

S car companies have merged and are merely marque within the larger sphere of the larger company. But they still selling cars and still struggling with some of their problems. The one thing we didn't do was gut them in a nationaliation and then wonder why they didn't do well selling cars domestically let alone internationally. 

Jaguar is owned by Tata in India. They make the E-Pace. They sold 64,000 cars this past year. 

https://en.wikipedia.org/wiki/Jaguar_Cars#/media/File:Jaguar_F-Pace_IMG_8000.jpg

Quite a departure from the E-Type. They did better when they were owned by Ford. 
https://en.wikipedia.org/wiki/Jaguar_Cars#/media/File:Jaguar_e-type.jpg

The current sports coupe, the F-Type is to be discontinued. So too the XE and XF. 

There's not a shred of any of the Daimler DNA left in any of the current Jags. 

You can almost see the fungal growth growing out of the head of the marque. 

[rmgill]

2 hours ago, Ssnake said:

Let me offer a counterpoint, for discussion:

Untaxed inheritances are fundamentally incompatible with the principles of meritocracy. You can favor one, or the other, but not both at the same time. Simply put, inheritances disadvantage talented orphans.

Now, there is a potential to destroy businesses with inheritance taxation. This may be a justification for generous exemptions. But wealth accumulated in families has no inherently superior morality to it.

But the parent's merit is what facilitates their ability to pass on their wealth to their children and advance that family line. If you reset everyone back to zero with each generation, I cannot see anything more discouraging to wealth and success and a cultivation of selfishness in toto. 

Inheritances are already taxed. The Income and capital gains taxes that paid were those taxes. Inheritance taxes are the government coming around and taxing the estate of the deceased AGAIN. It's pure greed on the part of the government officials who feel they have a second serving at the trough. 

[urbanoid]

Implement the First Amendment in the UK or you're getting Harry and Meghan back.

https://x.com/azurebaptist/status/1859393974152073265

[rmgill]

19 minutes ago, urbanoid said:

Implement the First Amendment in the UK or you're getting Harry and Meghan back.

https://x.com/azurebaptist/status/1859393974152073265

Special ordnance out of a B2? 

[urbanoid]

At this point dropping a nuke instead would have been merciful. 

[Rick]

9 hours ago, urbanoid said:

Depends on how high those taxes are, from what I understand for those of Sam it's up to the states? Recently someone from TX told me they pay some 5-6k USD a year.

E.g. here (Poland) property taxes for residential real estate are largely symbolic, my parents pay maybe ~100 USD a year for 200 m2+ suburban house and a bit less for their summer house out in the sticks, I pay around 70 USD for an apartment and a garage (underground parking space) in the city.

Somewhat correct on property taxes being up to states, many times up to local, ie county and city, taxing entities. 

[Rick]

9 hours ago, Stuart Galbraith said:

But that means you are charging people living in a bungalow the same as someone that lives in a London penthouse. Which I submit is even less fair and less moral.

Which is $0 for both.

We actually flirted with Poll taxes some 30 years ago, where everyone would in theory pay the same. It ended Margaret Thatchers career precipitately as I recall.

 

[Ssnake]

7 hours ago, rmgill said:

If you reset everyone back to zero with each generation, I cannot see anything more discouraging to wealth and success and a cultivation of selfishness in toto.

I will concede that for a majority of people accumulation of wealth for the benefit of their offspring is an important motivational factor. Still, I cannot bring myself to call inheritance taxation as immoral, especially not if tax breaks are part of the deal that help family businesses to carry on, and family homes to build tradition.

[Stargrunt6]

Q: what is "crabs in a bucket?"

A:

https://xcancel.com/Scearpo/status/1858987423298187719#m

 

 

[Mr King]

Technically this headline is wrong, 39 of the dogs were raped to death but 42 total were raped. Damn Russian fake news.

What's with the BBC and their track record with hiring so many sexual deviants.

 

[Stuart Galbraith]

15 hours ago, rmgill said:

Worked up no. I'm just wondering if you really think their branding is going to sell cars to woke types with that ad at the same time they're making soulless electric vehicles or still making gasoline cars that none of the types targeted by that ad will want to buy a dirty gasoline powered car. 

Did the Dylan Mulvany ad sell Bud Lite to you? 

I'm a Honda guy. Kinda sorta a Chevy guy as well but only the old iron.

Chevrolet exists under GMC just like Buick, and Cadillac. They sell 6,186,000 vehicle annually. Still Headquartered in the US. 

S car companies have merged and are merely marque within the larger sphere of the larger company. But they still selling cars and still struggling with some of their problems. The one thing we didn't do was gut them in a nationaliation and then wonder why they didn't do well selling cars domestically let alone internationally. 

Jaguar is owned by Tata in India. They make the E-Pace. They sold 64,000 cars this past year. 

https://en.wikipedia.org/wiki/Jaguar_Cars#/media/File:Jaguar_F-Pace_IMG_8000.jpg

Quite a departure from the E-Type. They did better when they were owned by Ford. 
https://en.wikipedia.org/wiki/Jaguar_Cars#/media/File:Jaguar_e-type.jpg

The current sports coupe, the F-Type is to be discontinued. So too the XE and XF. 

There's not a shred of any of the Daimler DNA left in any of the current Jags. 

You can almost see the fungal growth growing out of the head of the marque. 

Daimler and Jaguar are the same company. It was a synonymous as Bentley and Rolls Royce used to be. If you check out some of the 1960's Daimlers, they are essentially Jaguar Mk II with a Daimler badge on the front.

Basically, you are 60 years too late to be getting dangerously worked up about this. The last independent vehicle Daimler built was probably the Ferret.

[Stuart Galbraith]

5 hours ago, Mr King said:

Technically this headline is wrong, 39 of the dogs were raped to death but 42 total were raped. Damn Russian fake news.

What's with the BBC and their track record with hiring so many sexual deviants.

 

He also worked for your National Geographic.

https://www.bbc.co.uk/news/articles/c33nv8x64mlo

[Stuart Galbraith]

14 hours ago, urbanoid said:

Implement the First Amendment in the UK or you're getting Harry and Meghan back.

https://x.com/azurebaptist/status/1859393974152073265

Personally I like Meghan, she is pleasant to look at, even if she is obviously off her meds. And she is entertaining too. I dont remember the Royal Family being anything like as interesting till she married into it.

I dont know, is there a US Amendment for deporting people because they look a bit Black or a bit Royal? Or is that one Trump is going to knock up on the first day in his ADHD handwriting?

 

[rmgill]

16 hours ago, Ssnake said:

I will concede that for a majority of people accumulation of wealth for the benefit of their offspring is an important motivational factor. Still, I cannot bring myself to call inheritance taxation as immoral, especially not if tax breaks are part of the deal that help family businesses to carry on, and family homes to build tradition.

You should look at how taxable income from a farm that's an estate during the inheritance transition is handled in the US. It's over 45% in the tax rate. If ANYTHING is delayed for less than a tax year, the taxes will put the farm out of business.

[rmgill]

8 hours ago, Stuart Galbraith said:

Daimler and Jaguar are the same company. It was a synonymous as Bentley and Rolls Royce used to be. If you check out some of the 1960's Daimlers, they are essentially Jaguar Mk II with a Daimler badge on the front.

Stuart I've owned TWO Daimlers. A Dingo AND I still own a Ferret. I know very well. Daimler was bought by Jaguar. Jaguar had the Daimler coach builders doing the high in Double 6 Jags (the V12s) for a time. Then the whole concern was gobbled up by British Leyland in the Cars Built by Communists era. As I noted the Daimler DNA has all died out. Purged/retired I'm sure by the 70s in all of that. 

The side is that Cadillac still exists within GMC's umbrella as an entity with a semblance of their original DNA. 

The Main point is you nationalized all your industries, ran them through a government program cost savings exercise, drove off all the good staff then spun them off as private concerns again and you don't understand why they're doing so badly. I might as well be trying to explain to a fish the concept of air though as I no doubt grasp that you can't see how government might have messed up any of those businesses. 

[Ssnake]

3 hours ago, rmgill said:

You should look at how taxable income from a farm that's an estate during the inheritance transition is handled in the US. It's over 45% in the tax rate. If ANYTHING is delayed for less than a tax year, the taxes will put the farm out of business.

That's bad regulation, and also maybe an excessive tax rate. So, yeah, that's bad, you won't hear me defending it.

I'm just objecting the argument that inheritance tax is per se immoral.

[rmgill]

Taxation is theft. Lots of taxation over and above is very much theft.