Brighton and Hove Schools - Budget Cuts

Bold Seagull said:

It isn't. It is a tax for the benefit you have received in your lifetime for the being part of the economy that has seen a growth in your assets. Owning a house is a privilege enabled generally through the ability to borrow which society enables through economic policy. The growth in value of that property is not something you have controlled or earned, it is a result of the economy and society as a whole. Therefore, sole transfer of that asset through inheritance is taxed because the value added to the asset is directly attributable to the state. You earned and paid off your mortgage through hard work and so you have a tax free benefit to pass on, but you did not earn all of the value added to that asset. That was simply a privilege of ownership that the laws of society enabled you to have.

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