Government is scrapping the cap on care costs for Pensioners

So who should pay?

 

Everyone should contribute to the costs of their care, but not disproportionately affecting those with lower incomes. I'd rather see a maximum as a percentage of assets - so if you estate is worth £100k, you pay a maximum of x%, if you estate if worth £100m, you still pay a maximum of x%.

 

In principle that would work perfectly but there would be too many loop holes available for tax evasion as there is in general.

 

The first of many post brexit attacks on middle lower class Britain

 

Doesn't this run parallel to the announcement in the budget that there was an increase in 'ring fenced assets' to the tune of £100k ?

So the budget announcement means less wealthy and the wealthy, will keep £100k of any Estate to pass to their kids, whilst the rich will bear the full cost (exc. the £100k) and so not subsidised by the taxpayers paying for their care whilst passing most of their wealth to their kids in the form of inheritance. People with less than £100k will have the full cost of their care paid for by taxpayers. Why does that mean the Cons are "hitting the poor"?
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Seems to me that many of the people who complain about this are the same ones who complain about inherited wealth and the inequality it causes in society.

Surely the two policies, combined, address some of those inequalities at least when it comes down to social care, although some people who hate the Tories seem to have missed the point.

 

Well, if it was up to me, the tax book would be about 5 pages. You earn money, you pay tax on it. Expenses are covered up to a limit (per night/place not annual limit) and everything else is 25% (or whatever). Scrap NI, tax relief. BIK and the whole lot of it. It'll never happen though.

 

You mean the tax regime equivalent of universal credit? We know how well that is working out now don't we ? Not!! What about indirect taxes VAT etc allowances for low paid. a) 25% tax on £18k household income vs b) 25% tax on £180k household income is hardly fair given a) outgoings would be essentials food heating rent etc whilst b) would have enough disposable income for luxuries. A flat rate tax for all incomes would increase the inequality. as would abolishing allowances.

 

So you have £100m and you need somebody to pay part of your costs?

 

Well, you know we can't let them spend their entire £100m on care. Whatever will Tarquin and Jonquin do without their inheritance.