Tories are starving the poor to fund Inheritance Tax cut for the rich
Is this the real reason for the planned Tory Inheritance Tax cut? Rishi Sunak would save himself a huge wad of cash if the cut goes through. Is he just thinking about himself (again)?
The New Year may be just around the corner but the Tories are the same as they ever were.
At the moment, they’re busy at their usual wheeze – robbing the poor to pay the rich.
Here’s the lowdown:
The Conservatives are considering scrapping inheritance tax which brings in £6.1bn a year.
82% of inheritance tax is paid by people with estates worth £1m or more. (2020-2021)
This is another millionaires tax break.
— BladeoftheSun (@BladeoftheS) December 28, 2023
And how is this tax break for millionaires being funded? Here:
Jeremy Hunt is cutting every single benefit, including working, child, tax and pension credits.
To fund inheritance tax cuts for the rich.
Jeremy Hunt will save £6,000,000+
Rishi Sunak will save £282,000,00096% will save nothing at all.
— BladeoftheSun (@BladeoftheS) December 28, 2023
Finally, it seems strange that this tax break is needed, if the plan is to help the rich. Hugh Grosvenor didn’t need it because he hid his money in trusts:
Hugh Grosvenor Duke of Westminster owns these entire highlighted areas of London worth £9bn, dwarfing Buckingham Palace in size and wealth.
But he didn't pay a penny of Inheritance Tax by using Trusts.
Without Inheritance Tax eventually a handful of people own everything. pic.twitter.com/m5339Cgd9a
— BladeoftheSun (@BladeoftheS) December 28, 2023
Logically, if the Tory government was interested in equality of opportunity, it would be ensuring that people like Mr Grosvenor couldn’t dodge Inheritance Tax and had to pay up.
So this is all about making the poor poorer and the rich richer.
That’s not acceptable in a society that is supposed to be enlightened.
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