When one of these elders dies, the other will lose their home to the inheritance tax.
The law first appeared to destroy retained family wealth, especially the landed wealthy. Now it has gotten around to the merely frugal. Did they cheer when the laws first went after the rich?
The laws were first written to destroy the rich who got the poor into so many wars. Now it is the poor who get the poor into wars (Tony Blair). Perhaps the solution is to not have power concentrated into so few hands, rich or poor.
Tuesday, April 29, 2008
Govt Targets Old Ladies
Posted in Exceptional Wealth by John Wiley Spiers
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