there are already large inheritance taxes, which is their function: to ensure that dynastical piles aren't amassed and the wealth gap doesn't grow out of all proportion (not that inheritance tax alone can stem the way that tidal wave is flowing).
what's the incentive to work all your adult life to become a modest single-home owner, when you have to sell it all in old age because the state healthcare/pension – to which you've contributed your whole life – won't cover your social care costs? rentiers, who by definition own property portfolios, and who speculate, leverage their wealth, arrange further mortgages against their tenants' rent incomes, and no doubt utilize canny and expensive financial advisors, etc, are not in the same position at all.
a much criticized aspect of these reforms is, like the poll tax, they will disportionately affect those at the lower-end of the income/property scale. rich, propertied people aren't blemished by things like this because capital accrues capital (read piketty already, it's 2021).
families already pay a decent amount of this burden in the UK, as our social care system is all-but-semi-privatized anyway. my family spent a fortune on my grandfather's dementia care, even pre- these current reforms to the system. most dementia care homes are private-sector-adjacent or only covered in part by a small and nominal NHS grant. as is just considering, you know, your average worker pays into the national insurance/tax system for their entire lives.
if you're talking on behalf of the renters themselves, and accusing me of bad faith, then i'm not sure i follow your argument here. quite apart from my own circumstances, i don't want to live in any society that's so unequal and divided that 'hardworking families' (that tabloid phrase) have to give up their homes during an already tragic enough process of end-of-life care.
Being poor was no fun whatsoever.
your generation had literally no early-life debts, free university, and an easily accessible dole system for the unemployed NEETS. ok boomer. please stop comparing your hardships to everyone else's and making it seem like you're the most hard-done-by, heroic little fellow ever. at least i had the grace to talk about gen-z'ers and people even younger than myself, who are no doubt in a worse position.
Last edited by uziq (2021-11-24 02:07:28)