Emeritus Prof Christopher May on Nostr: Of course.... and now #JeremyHunt is looking to cut #InheritanceTax - a tax paid by ...
Of course.... and now #JeremyHunt is looking to cut #InheritanceTax - a tax paid by less than 5% of estates each year... so a tax reduction only the richest will benefit from, that will have no impact on effective demand (his reasoning for tax cuts) and will enhance inheritance as the engine that maintains #inequality!
I'm not surprised that he's going to do it, he's a #Tory after all!
Published at
2023-11-16 22:19:20Event JSON
{
"id": "c347dbc0098afd4549829e6342394615c5757d53e65d15feaa9b30efffe608a3",
"pubkey": "b8de67a365b436ce300eb1049973026143f99e3d3712b326f302b7d6f49a2902",
"created_at": 1700173160,
"kind": 1,
"tags": [
[
"t",
"jeremyhunt"
],
[
"t",
"inheritancetax"
],
[
"t",
"inequality"
],
[
"t",
"tory"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/111422548228613235",
"activitypub"
]
],
"content": "Of course.... and now #JeremyHunt is looking to cut #InheritanceTax - a tax paid by less than 5% of estates each year... so a tax reduction only the richest will benefit from, that will have no impact on effective demand (his reasoning for tax cuts) and will enhance inheritance as the engine that maintains #inequality! \n\nI'm not surprised that he's going to do it, he's a #Tory after all!",
"sig": "d122d9d05f2f9f6b23abbde33e82406483957df4ef8625eeda7eea024a2a798524fa94daa4bee0543da814c69baf584e4a7d6b8c8e4ad1e216b5740e0965a7e0"
}