So he’s taxing rich people. They’re mad and them plus right wing grifters are making out like he’s having the most disastrous start as PM ever. That the gist?
Feels like there’s no chance they get re-elected with the way they’re already being smeared and how people are just rejecting the truth in favour of what they want to hear.
I wouldn't necessarily call it taxing the rich myself. Especially when many people who defend the tax tend to point out various tax loopholes to get around it when defending it.
A key difference between agricultural land in contrast to residential property are the retention rates. Agricultural land is more often retained due to the historical significance and the legacy of generational farmers. Residential property lesser so, especially given those who inherit it rarely depend on their parents garden for their livelihood.
I feel that when analysing this tax the retention rates need to be taken into account because if the majority of farmers have no intention of selling the land then the value of the land is less important. The value of the land is an external factor outside of a farmers control and only had relevance if the farmer intended to sell it.
My concern is that the tax could result in farmers selling land they would never intend to sell simply due to this inheritance tax and affordability. If that's the case then I can't help but also feel cynical about the prospective buyers of said land especially if farmers need to do it out of necessity to pay a tax bill.
Do I personally think these taxes are really an attack on the rich to address inequality? Not at all. I think it's poorly thought out and divisive policy which is being portrayed as a tax on the wealthy but instead will likely impact struggling farmers much more than the wealthiest people in this country.
Keir Starmer has had 4 years of zero scrutiny or accountable as Labour leader. His treatment of the left wing has been factional and divisive and it's about time he received some pressure. If he wanted to address inequalities then he could start with implementing his 10 pledges he made to become labour leader.
Starmer has no good will from the left wing who he has spent the last 8 years working against and purging from within the Labour Party. The issues with Labour run much deeper than Starmer too and impact local CLPs and the NEC too. Even a change in leadership I don't think will garner much support without radical policy change.
Basically the Labour Party is fecked and if it continues along this current trajectory then just like in France and USA, I don't think a manifesto of "vote me to keep the far right out" will work. Given Starmer and his cronies destruction of the Labour movement since he became leader, cynically part of me thinks that they don't even fear a move to Farage. They put alot more effort into fighting the Green party, Workers Party and Independants than they did fighting Farage in Clacton.