2024 UK politics - now with Labour in charge
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Clarkson. Working class man of the people.
Jesus bloody christ get a grip.
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My other reasons aren't all cost related, although the high cost of purchase and heavy depreciation are relevant.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I'm sure that will make the farmers happy, why don't you tell them that and all will be good?
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Correct. Farmers want to be wealthy and not pay taxes, because that's how it has always been.
I get that it's a hard job, but it's not the only hard job and they get grants and tax breaks even after this that other people doing hard jobs and running low margin businesses do not.
Classic example of accepting taxes must rise. But not accepting that my taxes must rise.
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Most people do, but the reality of farming economics is such that the majority are not making masses of profit. The reality of the IHT changes is that they may well damage tax revenues in the medium to long term by forcing the break up of viable farming businesses.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
If they aren't making much profit and their kids are working for below minimum wage, how much tax are they actually paying in the first place? Not much.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
I doubt the effect will be transformative, from what I have read. But it's a bit of a clumsy policy, I agree. The threshold could have been a lot higher and still catch Clarkson and Dyson and the like.
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I can't help thinking that it's the "doesn't make money" bit they should be concentrating their campaigns on.
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Exactly.
"It's difficult to make money as a farmer. Can we have loads of tax breaks to make it easier, please?"
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
So your solution to a sector that is under financial pressures is to hit them for tax in another way?
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
You could be a Labour MP with that sort of view of the situation 😊
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
We're all under financial pressure; we can all write a sob story about how we need the tax breaks to survive. Possibly their efforts are better spent finding a different, less dependent way of farming than performative central London tractor driving and celebrity endorsements.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Quite the opposite. They should stop demanding handouts and stand on their own feet.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
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Don't want to sound like a rampant leftie, but there is maybe something different about farming, given that we are what we eat. Or maybe not. There's doubtless a lot of performative outrage from those whose tax avoidance plans have been scuppered, but equally, there is more than a hint of farmers being targeted for cash simply because the government sees them as easy pickings, rather than as part of a coherent tax strategy.
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'Part of a coherent tax strategy' 😀
Although some lefties might tell themselves in private that rinsing whoever they can get away with is a coherent tax strategy.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]1 -
I did lob the reference to coherence up as an easy one for you to smash away, so glad you seized the opportunity!
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I think the issue is that, as an industry, they try and have their cake and eat it.
It's both a cottage industry, where businesses are passed down family lines and everything is nice and cuddly, but it's also an incredibly important strategic industry.
If we are considering it an incredibly important strategic industry, it seems odd to leave it to family businesses, that doesn't happen in any other line of work ( to the same extent)
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It would be rude not to 🙂
If you fancy more serving practice, be my guest. There's always lots of leftiebollox to be smashed these days...
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]1 -
Imagine how many people it would trigger.
Personally I prefer Rick Astley for a senior role in government - he's even written his manifesto.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]2 -
Are you in favour of inconsistency in tax policy in this specific instance? Is it because it is Saint Jeremy?
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Oooh, I can play this game: we all need a home to live in so all my fees should have zero vat. We should encourage saving, so a tax break for Dorset Boy is in order. Who else?
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Joking aside, stamp duty is apparently a very big factor in motivating old folk with larger houses than they actually need to stay put rather than downsizing to free up houses suitable for the much loved "hard working families".
So taxing stuff just because you can isn't necessarily an unallayed good thing.
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That last point might be a bit of a shock to some people on here.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]1 -
I'm in favour of a tax policy that doesn't force the break up of businesses unnecessarily.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]1 -
Indeed. I'm probably more in favour of tax as a general rule than you are, but whatever level of taxation society is aiming for, it needs to be gathered via a coherent strategy, avoiding adverse behavioural changes where they can reasonably be avoided and avoiding "divide and conquer" tactics by demonising a particular group to justify stinging them.
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Possibly the problem is that farming doesn't make enough money to wash it's face rather than a tax break being partially withdrawn. Unprofitable businesses shouldn't be propped up by the government. Nor should sentimental stuff about 'in the same family for five generations' influence tax policy.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
It is a valid argument that a degree of churn is necessary in all industries otherwise the businesses will stagnate and become less productive. If the change prompts people to sell to people new to farming it is not such a bad thing after all.
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If the Clarkson series taught us one thing (among many) it is that new people in farming can be a bad thing. 😉
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
It's not about sentimentality as far as I'm concerned. But forcing the break up of an otherwise viable business is generally not good for the business owners and future tax revenues.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0
