Topic: | Re:Re:Retirement and Capital Accumulation | |
Posted by: | Paul Pryce | |
Date/Time: | 29/09/14 20:29:00 |
"I don't berate accumulating capital." So was it must have been another Steve Gallant who said earlier in this thread 'This accumulation of capital by the better off, especially older people is a big driver of the increased inequality we now see as the result of 30 years of Thatcherist policies on tax' I'm struggling to see how you taking a capital gain of a couple of million pounds which was paid to you tax free is somehow ideologically pure yet anyone who has remained in a property and not cashed out is propagating Thatcherite inequality. Somebody in a £2mn house does pay extra tax in the form of a top banding for Council Tax but you paid absolutely nothing assuming the property you sold was your principle residence. Do you not see how someone on a low income who happens to just want to continue to live in the home they have occupied for decades and their children to live there afterwards would find your attitude a bit galling? |