Here is the News.

This is a decent account of our ridiculously unfair and random tax system, including some pertinent quotes from the IFS on the farm IHT changes.

www.theguardian.com/commentisfree/2024/nov/22/farmers-protest-tax-labour-reform

2nd sentence before the stereotype smartarsing starts, standards are slipping!

I know 3 families, not educated at Eton, don't get first class trains, who's succession will be clobbered by this. If we're that insistent on taxing every asset rich but piss poor paid farmer like the they are a Duke then why not just tax the fuck out of them if they chose to sell up?

The concept of asset rich, cash poor is still better than asset poor and cash poor.

As someone recently said, there are several ways to eliminate paying IHT IF it’s based on assets (property). You only end up paying it if you don’t trust your kids. If that’s the case, why do you want your kids to take over the farm?

I also know several farmers (who traditionally are never happy with anything) who have been busy selling off land for housing over the last ten years. So my heart is not bleeding.

That might be an argument in 7 years time, but as we stand if they gift now they may well be caught.

Also many parents (not just farmers) worry about divorce of their children, or what happens if they gift it and then one of the next generation dies unexpectedly, without gifting.

That leaves trust which are expensive and not tax free.

Personally I would reverse one of the Tories ridiculous 2p cuts in NI (which was a trap anyway) and set the rate at £2m each and raise a shit ton more money without risking the corporatization of farming.

Not everything has be a race to the bottom.

Don't farmers still top the suicide and accident charts? It can't be that brilliant. I genuinely find the middle class angst here mystifying, it's like a lightning rod for misplaced anti-Tory sentiment.

I'm reluctant to bang on about food security but you wait until Tricky starts farming, I've seen his garden, we'll all fucking starve.

Brilliant trap, if you don't give a fuck about the country though.

Force labour to commit to not increasing taxes after you've cut them unsustainably.

I

Have

Seen

You

Grow

Things.

Gamification of politics. I'm sure Labour will set some traps before the next election as well.

Country is fucked, mate.

So, Starmer’s Labour are fascists? Err, Ok.

Can you explain this a bit? What's their situation?