[Gllug] [OT] Times Article on ABD was Fighting a virus

[Adrian McMenamin]

On Fri, February 23, 2007 10:43 am, Richard Jones wrote:
> On Fri, Feb 23, 2007 at 08:06:08AM +0000, t.clarke wrote:
>> Seems to me inheritance tax does NOT achieve the amassing of
>> considerable
>> wealth by families, thanks to the '7 year rule'  and various Trust
>> ploys.
>> Otherwise how come the Duke of whatever still effectively owns whole
>> chunks
>> of london?
>
> Well precisely.  When the Tories (no less) tried to change this in the
> 80s, they were stymied by opposition from the unelected,
> wealthy-from-inheritence House of Lords.  See - government distorting.
>
>
The House of Lords has no say on finance bills, so the above is obviously
inaccurate.

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