The black eyebrowed, silver haired devil has started redistributing wealth. Stealing from the poor, giving to the rich. Patrick Collinson's summing up in yesterday's Guardian Money section makes you want to turn Green, not with envy but with disgust.
£600,000 tax-free, up from £300,000. Due to rise to £700,000 tax-free by 2010/11.
Patrick's been banging on about inheritance tax. Here's two letters from Guardian readers. From the rich south of England, of course.
Firstly, this from someone who I assume is a rich bastard pretending to be a cynical batten down the hatches kind of guy in order to get a letter in The Guardian:- "Patrick Collinson can 'see no reason' why 'children of 50-plus need to inherit large sums'. I can think of two. Firstly, they've somehow got to fund their children's education, as the state no longer does this, and secondly they've got to fund their own retirement, together with any medical and personal care, as the state no longer does this, either. You can see why some people think that if the welfare state is being dismantled, it's only fair to dismantle some of the taxes that used to pay for it."
And secondly, this from someone who I'm guessing is a selfish self-made man, a man who thinks the NHS is in a disgusting state and the government really don't give a shit about the health of its citizens but who wants his kids to be rich for doing fuck all. A Guardian reader, all the same:-
"I am a little irked by Patrick Collinson's article. The reason why it's not unreasonable for people to inherit large sums of money is because they then have the chance to help their own sons and daughters in setting up some kind of life for themselves. I have two children aged seven and nine, and one of my last goals in life is to try and sort them out financially. It sticks in my throat when I think of this government trying to take what rightfully belongs to my sons when we finally 'croak it'."
These were letters responding to Patrick's previous article, before Darling moved the goalposts. I hope these two nice men are happy with Darling's new pronouncements. Or hasn't he gone far enough for them? The Tories are proposing £1 million tax-free. Now that's a fucking real bonanza.