Scrap inheritance tax for farmers? Feat. Owen Jones & Angela Epstein | Jeremy Vine
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- เผยแพร่เมื่อ 19 พ.ย. 2024
- Thousands took part in protests about the changes yesterday.
Now, let me just explain the Farmers vs Starmer as best I can...
I was sent an email by producer Matt about these changes - but I neglected to read it - I talked about this yesterday,
The Government says farmers will get a decade to pay the bill - and the Treasury claims only the wealthiest estates will have to pay under the new rules, so it's thought 72% of farms won't be impacted.
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#JeremyVine #Farmers #Strike
Clarkson bought his farm in 2008 and he openly said it was to avoid inheritance tax...... Pay Your Tax .....
And??? He earned his money, paid tax, brought a farm so why should he and all the others farmers pay more tax? No farmers no food, just want they want, us eating bugs and lab grown meat. Fools
@TheRuthdobson you do know he doesn't pay inheritance tax don't you..... Beneficiaries pay it on unearned income ?
@@TheRuthdobson Nice to see you supporting a misogynist bigot. Well done.
@@Lynnpjjbdndji Wrong, the estate is taxed not the recipient and tax has to be paid before any beneficiaries receive. It’s a tax on your estate on death. At least research before commenting!
@@Lynnpjjbdndji And you obviously have not heard of executor loans that many have to take, with interest in order to receive funds!
Why don't the farmers go to the conservatives party and ask them where is the grant money we lost by voting for Brexit
Reap what you sow 😂😂😂😂
Speaking of Brexit, I remember Boris Johnson moronically boasting about how good it will be for British farmers to compete with the imports of cheaper meat from abroad via new trade deals. Anyone who disagreed with him and correctly pointed out that British farmers do not need more competition as it will decrease their income was called "unpatriotic" and Johnson claimed they didn't have faith in our farmers.
Remove the allowances all together. Farmers should have the same rules as everyone else.
It's on anything above £3m so if their farm is worth £3,000,001 they only pay 20p, they get up to £3m completely tax free.
I would love £3m tax free. 😂
And then they only pay half of the normal inheritance tax
inheritance tax should not even exist. its a con.
Owen literally explained why we have it.
@@leataylor9845 Owen jones is a complete left wing socialist. he hates anyone making a decent living. if your happy for the government to take 40% of your hard earned estate which you have paid tax on all the way. when you pass then that's fine. I for one I'm not happy to pay it so they can use it to look after illegal immigrant's, Foreign aid and those that can not be arsed to work. i should be able to pass on 100% of my hard earned already tax wealth to my family.
@@leataylor9845he is total waste of space 👎😡
Fine, they should return the increased value of the asset to the state, and keep their original cash investment.
@@michaelcowell727 who do you mean by they? any increased value wouldn't be returned to the state as it never belonged to them in the first place. it would be taken (stolen) from who it belongs. going on your suggestion why not just tax the profit at the standard tax rate of 20% then they are not taxing what has already been taxed.
So many bots arguing for scrapping inheritance tax which doesn't even affect the majority of Brits as hardly any of us are holding onto assets worth anything like mega estates in this country. Makes you wonder what the angle is, and for who, eh?
Scrap inheritance tax for everyone the tax has already been paid on this money
That's exactly what I was about to type.
100% agree, scrap it all together
@@sonofsomerset1695 Yeah so make sure all the billionaires get to hoard the money and the poor can stay on benefits and our public services disappear forever.
Brilliant idea. Where did you hear that one? Tory Party conference?
@@henryburton6529Absolutely
You do realise there is tax on everything when you pass money on to someone else, be it gifts, inheritence or even paying an employee. Just because you've paid tax, that doesn't mean the person on the receiving end should be guaranteed a tax free hand off. Should nepotism be tax free?
Clarkson backed Brexit and Austerity which is the reason farmers have to now pay half of their fair share
He should take some personal responsibility
So there was no inheritance tax before the eu?
Last time I checked all the rich western countries in Europe have had farmers protests.
You not remember the Dutch government backing down to them? Did they vote for brexit too?
No, the reason why they are attacking pensioners and farmers is to pay for the illegal immigrants, 3 billion a year just for the hotel bills.
Anything bought with already taxed money should never be taxed again!
Double dunting
I wish I grew up on a farm and inherited it for nothing instead of growing up in a tiny semi in a dead end town with no green spaces or entertainment amenities or job prospects.
The tax is a lot more generous than a normal person gets. So they are already getting a much better deal. I think it’s pretty fair imo.
Be careful what you wish for.
Diddums
Why don't they cancel their Netflix? Stop eating Avocado toast? Get another job? Why are they so lazy?
@@Sickofdrawingcowboys717 Farmers are not lazy
@bwilliamson3887 prefer to be protesting something that won't affect 90% of them rather than work. They go to bed very early and sleep more than most. Lazy.
@@bwilliamson3887
Yeah they are, scrounging off the rest of society.
Diddums, go cry me a river.
@@bwilliamson3887
Only in your mind.
@@RoofLight00 Are you saying I'm mental?
Just spare a moment and let me remind you of two very important facts which has resulted in the present issues with farmers, and just why they are piddled off with Britains Governments. When we left the EU the Brexit campaign told farmers that 100% they would keep their subsidies, Boris Johnson, who does not have a good relationship with the truth, also said the same. The National Farmers Union council was overwhelmingly in support of "Remain" but decided not to campaign, as it would upset some of their larger farmers, also Michael Gove ran around 'promising the earth' to farmers and many enviromental groups were supportive. But their plans fell on deaf ears.
Same lies they told everyone and im getting nothing to compensate me
Tax increases brought in by people who dont understand farming/business. The whole idea anyway of inheritance tax is abhorrent when people have paid tax, vat, ni thier whole life.
When you are dead you don't pay it - the people receiving your estate do, it is a tax on unearned wealth being received
@alexfielding8411 that money has already been taxed though the government has no right to some of it. The government didn't pay the mortgage on the property or take any risks.
Yeah so make sure all the billionaires get to hoard the money and the poor can stay on benefits and our public services disappear forever.
Brilliant idea. Where did you hear that one? Tory Party conference?
@@davidflood8881 Neither did the inheritors, they are receiving a tax free asset. There are very good reasons for inheritance tax, the level at which it is set is up for discussion.
@@alexfielding8411the people inheriting the farm have worked on it all their life
noticed they don't like Owen speaking, wonder why
Should make it exempt for working farms and go for clarkson and dyson types more heavily .
Where is charles inheritance tax ???? Land Grab imo 😔
Scrap all inheritance tax, many countries don't have it.
No, I quite like the very rich being taxed for a change.
@@nathijomacenvious much!!
@@TheRuthdobson greedy much!!
@@nathijomacget a job
@@barneyrubble8590 I've got a good one already thanks.
Who is the Karen on this clip. Where did they drag her from? Shouldn't she be complaining to the manager?
Clarkson the brexit supporting 🛎🔚😂😂😂😂
Farmers, Clarkson and private schools are exceptional and the normal tax rules shouldnt apply to them, basically. It's all Starmer's and not the Tories/Brexit's fault too, btw. Happy to clear that up for everyone. You're welcome.
Shouldn't have voted for Brexit eh?
Well done Owen even though you were outnumbered
Your an id iot for supporting owen
🤣🤣🤣🤣 he deserves to be outnumbered..
i have always found it bizarre how poor people argue for rich people to keep their wealth.
Because its theirs, not ours. If people earn enough to become rich good on them. Why on earth should they pay so much more just because they've done well. It's pure envy.
very wealthy landlords.. thousands of acres...rented by family farms..
Landlords will have to sell...family farmers will become victims...
Farmers voted for Brexit and Austerity and are complaining that there's no money left and their profit margins are squeezed. You voted for it now you have to pay.
Ironically the farmers will have to reap what they sowed.
Did they? I remember a very different story where the farmers were desperate to stay in to keep the eu subsidies.
I've never been a fan of farmers but your gonna just say all the problems are caused by leaving the eu. You wake up at 1am in the morning and its all the fault of the brexiters. Your wolves howling at the moon.
Now they try the blackmail game of "starving the population' which I assume means they will all go broke anyway if they sell no product
Nice to see you clipped out of the Clarkson interview the part where he was challenged on himself previously stating he only bought a farm to avoid inheritance tax and how he then ran away from Victoria when presented with receipts and challenged on numbers he was making up. Farmers being championed by the likes of Clarkson, Dyson and others does them no favours - especially as many are being misled on the realities which is that total allowances will be up to around 5m before any inheritance tax applied
exactly - disgusting lies
Clarkson boasted about tax avoidance and now they are closing the loophole (slightly) and hes getting upset?
Cry me a river
Clarkson also backed Brexit and Austerity which is the reason farmers have to now pay half of their fair share
@henryburton6529 can I eat your river when were in another global conflict and we have to eat our pets?
You realise how out of touch farmers are from real life when they think having Clarkson as a spokesman is going to help their cause.
It's a classic case of exceptionalism, I'm unique and different from you so the rules should be different when applied to me......unashamedly corrupt
For 3% wealth tax on people who own over £10,000,000, you could scrap ALL taxes on EVERYBODY else.
I think Angela's last 2 brain cells are fighting about which one can be more stupid
I would say that about Owen jones 🤣
Utter nonsense. The return on farming is less than 1% of the value of assets and land. There is no way they can pay it without selling off chunks that make it un economical
Well the issue is, rich are buying land from farmers, the land goes up in value then more land get purchased, the rich then do nothing with the land, but it keeps going up in value, there needs to cut the value of the land, this is a good way of doing this.
That's what they manipulate the books to show. Their main personal expenses are put through as business expenses. They also don't have mortgage liabilities and don't include their profits from other ventures. How else do most of them afford to drive premium vehicles, wear branded clothing and provide their children with passive income? But yes on paper they are just so very poor.
Owen, you are a gem! Every single sentence is a nail on their corrupt heads. Keep going, mate! 🤍
🤣🤣🤣😱😱if he was leader we would be in dire straits
@barneyrubble8590 *you would be.
@@lloyddawson3571 well then,he'd would be detrimental to society then if you say I and millions of others would be in dire straits ffs
@@barneyrubble8590 he will not be detrimental to "the society". He will be detrimental to "you", and quite evidently, he ALREADY IS being so even without being a leader (which gives him an enormously wider space to work in and with)! So, more power to him.
@@lloyddawson3571 you're brainwashed
Easy loophole here that farmers seem not to be taking advantage of. Don't include the assets on top of the land when you calculate the land worth.
Why include a tractor or fencing as part of the land value? That will definitely mean you meet the threshold - be smart farmers not emotional ones.
But I suspect the farmers fury is not about minimising their tax bill, because there are legal ways to do that.
This is more about everyone now looking at the wealthiest in society and how they've been living comfortably off the misery of the working and middle classes for 20 years and their natural resistance to change.
I support all farmers. Starmer and lego head need to walk.
Needs to scrap inheritance tax and net zero policy .
What are farmers? The new aristocracy? They shouldn't pay inheritance taxes because they're the new aristocracy? In any case, where is the magic law that says the children of farmers are going to be any good or even more productive than say, a recent graduate from agricultural college who would like to buy in to their career but can't because all these farms are being passed on?
This is a joke right 😂
Why is Tweetie pie always on this show, he speaks a load of rubbish, all the time.
Stop patients from paying hospital tv take ten pounds a week from people on benefits
Owen Jone and Jeremy Swine!! God give us strength 😢
tax them millionaire moaners! They will still only pay half of what normal people pay and get 10 years to do it!
Love Owen ❤
Brainwashed little socialist
Mike is an absolute fool
Has the boy Jones not realised he is using the same platform as Clarkson? ie he is being spokesperson!
He probably did buy it to avoid paying inheritance tax, so what? I bought a smaller car to avoid paying higher tax? This government love taxing the same income & assests multiple times, tax you to the grave & beyond. He's within the law & paying all the taxes required of him, whats the issue? They arnt land banking, they're using the land to FARM! Start punishing & pricing british farmers out of business & youll end up having to import more food, bad for the environment. Tax EVASION, is illegal, Tax avoidance (done lawfully) is a merely a moral dispute. Plenty of business owners put houses in their company name, for tax purposes. Giant billion pound profit companies find every loop hole going to pay less. Why are farmers being picked on?? Unlike those giant companies, farmers arnt rolling in cash/profits, their wealth is tied up in land & assests, which they need to farm!
A recent survey done by Science Direct, Journal of Rural Studies, showed that 60% of farmers voted for Brexit. This study was produced using survey techniques where the participants are completely anonymous and, therefore, are not inclined to give false replies to questions due to embarrassment or shame. Further, other data flattening techniques are employed to double check the validity of the data. So, as demographic groups, farmers and Fishermen voted in the highest national percentages to ruin Britain. But now Farmers are crying about having to pay the "same as everyone else" to repair the damage caused by their greed !A recent survey done by Science Direct, Journal of Rural Studies, showed that 60% of farmers voted for Brexit. This study was produced using survey techniques where the participants are completely anonymous and, therefore, are not inclined to give false replies to questions due to embarrassment or shame. Further, other data flattening techniques are employed to double check the validity of the data. So, as demographic groups, farmers and Fishermen voted in the highest national percentages to ruin Britain. But now Farmers are crying about having to pay the "same as everyone else" to repair the damage caused by their greed !
LOL. Vote for BREXIT and get done like the school girl you are.
We didn't get Brexit ffs
we dont need people who grow our food, we have Lammy and Brainer
How much tax does the choir boy pay?
Choir boy? You're half right.
Westminster needs to stop getting food from farmers ..its always people from cities or towns that dont have a clue
My dog speaks more sense than Owen Jones
Your dog speaks more sense than you.
Everyone should pay taxes. Pay as you earn.
It's that simple.
Can't your children work for themselves and accrue whatever they want?
Except your children are special needs, that idea is just stupid.
Of course your kids inherite your property.
This is their idea of forever using land for speculative purposes starting to go up on smokes, up until now you had the incentive to continue driving up the prices just like the housing bubble, this has nothing to do with farming itself, it’s about wanting to create the next generation of bubble in a climate changing world. Well, if it doesn’t produce much why is it so valuable then? Please don’t tell us this is for sentimental reasons to do with producing food, it’s about grabbing more of that big pile of speculative money circulating the financial markets.
Not very big-brain actually, that's 500 farms PER YEAR. Over the course of a single parliament that's 2,500 farms.
Owen Jones has no idea what he is talking about small farmers will suffer
Passing on wealth is a good thing not a bad thing
Pretending we live in a meritocracy is ridiculous.
Passing on wealth is good if your rich but for the other 95% of people its catastrophic.
@henryburton6529 why
@henryburton6529 my old man was a labourer who worked 7 days a week his whole life to buy a house and left it to me and my sister. He didn't get left anything and worked his we did whole life to make sure we did
@@Norfolkandchance886 mine too
At least get someone with at least half the intelligence of Jones. Geez
I work hard and someone who is self employed I have to pay more tax then an employed person every year I pay the tax I owe and and half of what HMRC think I make in the following year so in effect I pay almost double tax on my income every year and this is felt across the board with self employed people, the unfairness is all around I find unfair to pay so much tax for it be wasted on things that people wont care about like there own health, or helping immigrates settle here, we as country are now broke with a debt equal to economy so please do not use the uk is the 6th richest BS we are like the farmers now asset rich but cash poor so Owen you do not represent vast majority of people, because the majority rich or poor are feeling neglected and hitting farming is only an over communist tax on the people.
Suprised owen jones didnt try to bring gaza into it.
@@matthewjennings5893 reform party voter yea?
@logitech2010100 what's that got to do with anything
@@matthewjennings5893 what's Gaza go to do with anything?
@@logitech2010100Owen is obsessed with Gaza
Love Owen Jones on here 😂
That Owen chap talks out of his arse, he should get his facts right before spouting nonsense.
@@grabar20 he seems the only one on the show with some brains tbh
@@logitech2010100🤣🤣🤣🤣🤣
"Tescos sell it."
Where's it come from?
🤔
Send owen to north Korea China Russia or kenya
He'd love it there,he's brainwashed enough to convince himself that 🤣
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Farmers voted for brexit (over 60%) now they can reap the rewards and pay IHT, they took 100billion in tax from the UK
100% - they voted to make us poorer and are now complaining about the consequences.
@@henryburton6529are you obsessed with Brexit,get a Life and enjoy..
@@barneyrubble8590 I will not be obsessed when everyone realises they were conned into crippling our economy.
EVERY problem in this country is downstream of those lies.
Crap NHS? Brexit
Farmers struggling? Brexit
Fishing decimated? Brexit
Inflation? Brexit
Queues at ports? Brexit
Mass immigration from outside europe? Brexit
Name a problem I'll tell you why voting Brexit caused it
Owen Jones 👎 .....
How do they know that this tax wont be passed down to how much they sell the food for ? then making food more expensive when people can't even afford food at the moment.
If Farmers were concerned about prices and paying to restore public services they probably shouldnt have voted for Brexit and Austerity.
They voted for this. They have to pay the price of their own craven greed.
@@henryburton6529 Brexit was not delivered in the way it was promised. Hitting the food supply will not change the Brexit vote and will put up food prices or will force farms to sell up and less food will be produced in this country.
You might want to look at the supermarkets and giant processed food companies if you think farmers get much of a say on the prices they set.
@@pugwash84 You've got it completely backwards.
We're not hitting the food supply. Farms are less profitable because of the vote Farmers took en masse.
Our public services are crumbling because of the vote farmer took.
They cant now get upset we have to take a bit more tax from the richest of them to make uyp for the missing money.
They voted for us to be poorer. They have to reap what they sowed now. They have to be poorer too.
@@pugwash84 "Brexit was not delivered in the way it was promised. "
No, because the Brexit that was promised was never possible. Everyone told you that in run up to the referendum but you voted for it anyway.
What did Gove say? "We've had enough of experts"
Well those experts told us farming would be crippled by Brexit - you cant complain now it has come true. You were warned but were too arrogant to take their advice.