Yes but nobody believes you any more …

Middle classes won’t pay inheritance tax, Tories vow

Only the “very wealthy” will be forced to pay inheritance tax under plans being drawn up by the Conservatives, David Cameron has signalled. In his clearest indication to date that he will stop anyone who is not a millionaire from paying the levy, the prime minister said that people who did not feel “in any way mega-rich” were being hit.

That’s the news and on the surface, thank goodness for that.  Now look at the Scottish promises:

Less than a month after Scots spurned independence, separatists said on Tuesday that British Prime Minister David Cameron was betraying Scotland by reneging on pledges to grant more spending powers to the Scottish parliament.

In a last-ditch attempt to shore up support for the union days before the Sept. 18 referendum that threatened to break apart the United Kingdom, Britain’s three main political parties promised to give more powers to Scotland.

Since then, Britain’s London-based politicians have bickered over what amounts to a full-scale overhaul of the way the United Kingdom is ruled, though party leaders insist they will grant the promised powers to Scots.

Admittedly one is only getting partisan comment here and the Tories would say they are honouring the promises.  The bottom line is though, as Farage pointed out in the Clegg debates – yes but nobody believes you any more.

Sure I’d like to see inheritance tax scrapped but the core issue is – do you believe Cameron?  All this is is a return to Osborne’s idea but you’ll notice nothing came of it.  And the two big defections to UKIP, they came about for one reason only – the two could not trust Cameron any more to deliver what he promised.

Cut income tax for basic AND 40p taxpayers. Now Tories will cut inheritance tax too! What will be promised next?!

Sadly, there will be tribalists who will believe both Cameron and Beaker’s promises before GE15 and what can be done about people’s credulity?

In Churchmouse’s post below, on Labour failing to represent or understand the working class, I’d also ask just whom the left Tories think they represent now?  They’ve hit the middle classes hard and working class, whilst the very poor are in the same boat.  They’re now proposing to slug the rich as well.  Whom is their base now, apart from the tribalists?  With every defection, especially at branch level, even at voter level, whom is their base now?

Seems to me it’s the same as Labour’s – the left-liberals, whilst all the rest of us are unrepresented.  I don’t trust one word emanating from Cameron, Miliband or Clegg.  With Nigel, we wait and see.  With him though, there is far less tribalism and thus he’ll be dropped just like that if he starts this reneging business.

13 comments for “Yes but nobody believes you any more …

  1. mikebravo
    October 15, 2014 at 10:38 am

    None of them represent anybody except themselves.
    They are all in it together, pretending to try to keep HMS Great Britain afloat whilst loading up with more socialist baggage that will sink her.
    No doubt the condition for the big bail out by the EMF and Worldbank will be full integration and currency union with the EU.
    The politicians that manage to force that one will be richly rewarded.

  2. October 15, 2014 at 1:35 pm

    Vote for us and we’ll give you this.

    It doesn’t matter what is being promised or by who, it’s only to get the votes at the next GE. If they can make an improvement in 2015 or 16, why not do it next week, or tomorrow?

    People might start believing them a bit more if they said vote for whoever you want, but I’ve just DONE this…

    That’s why we never get any real, long term policies that might help fix this country. All we get are soundbites and knee jerks that are designed to get votes when they next need them, not to do any real, long lasting good.

  3. Voice of Reason
    October 15, 2014 at 2:25 pm

    Sorry, but I believe in taxing inheritances. Jefferson and Madison, among others, wrote about the danger to democracy of too much inherited wealth.

    • mikebravo
      October 15, 2014 at 4:57 pm

      I’m interested to know.
      How does someone inheriting their parents bought and paid for property endanger people power?

      • Voice of Reason
        October 15, 2014 at 5:01 pm

        Those who start with significant wealth have enough left over to own even more. It becomes a steamroller in the economy, and was deduced over two centuries ago. Once a single small group has enough money, they then control government policy, including tax policy. In the end, you have the situations of the 1700’s in France and Spain, where only the poor paid taxes.

        • October 15, 2014 at 6:21 pm

          It’s their money to do with as they like. What, you’d steal it from them?

          • Voice of Reason
            October 16, 2014 at 12:08 am

            James – we already have plenty of the wealthy who have convinced the government that they should pay less tax on investments than on income. The top 25 hedge fund managers in the US have incomes which average $800 million per year. Several pay no taxes at all.

        • mikebravo
          October 15, 2014 at 10:28 pm

          As opposed to where we are today with punitive and graduated taxes. Luckily our government isn’t run by a small cabal who decide tax policy.

    • October 16, 2014 at 1:31 pm

      That money has already been taxed when it was earned. Surely if you earn money and pay tax on it, you then have the right to give it to whoever you please.

      I don’t beleive in the notion that the government should take more tax to waste, just because some people might keep a lot of money.

      • Voice of Reason
        October 16, 2014 at 3:49 pm

        In most cases, there is not even Capital Gains Tax. So, much of that wealth was not in fact taxed. Now, if you want to argue that governments don’t spend tax money well, that’s entirely another matter.

        • October 16, 2014 at 4:08 pm

          Not taxed? I’m not aware of a way to create wealth that does not attract tax. Not a lawful way, anyway. Even if it’s just interest in a bank account, it still gets taxed.

          If I make a billion pounds in industry and then pass the whole lot on to my kids, every penny of it has had tax taken by the government to a certain degree and not always just the once, some of it will have been taxed a few times for different reasons.

          The point being that it’s taxed when earned, not when it’s passed on through death. Death taxes are taxing money that has already paid tax when it was earned / created.

          • Voice of Reason
            October 16, 2014 at 6:29 pm

            Not in the US, which is where I am posting from.

            • October 16, 2014 at 6:53 pm

              Ah. I know nothing about US taxation 😯

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