“You DON'T Have The Right To Inherit” - Liberal Commentator DEMANDS 100% Inheritance Tax
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 26 August 2025
⏱️ 10 minutes
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Summary
LBC host Lewis Goodall sparks outrage by suggesting a 100% inheritance tax to end wealth inequality. The PBD Podcast debates fairness, estate taxes, government overreach, and why punishing successful families could destroy incentives. Should children inherit or should the state take it all?
Transcript
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| 0:00.0 | It's so funny that people want this are the people that didn't make the right choices. |
| 0:04.8 | Tax inheritance at 100%. |
| 0:07.1 | Okay. |
| 0:08.1 | So it's the only fair choice, says Lewis Goodell. |
| 0:12.2 | Okay. |
| 0:12.8 | I don't know who this guy is. |
| 0:14.3 | He's talking about tax. |
| 0:16.1 | And by the way, this is not just him talking about it. |
| 0:18.0 | I don't know who this fellow is. |
| 0:19.6 | But he's a presenter for LBC co-host of News Asian podcast, |
| 0:23.6 | argues for a radical 100% inheritance tax to address wealth inequality stating, |
| 0:29.0 | Rob, if you want to play the clip, go for it. |
| 0:31.4 | What we've got at the moment is an aristocracy of wealth in this country. |
| 0:36.0 | It's also true of the United States as well. So what I would do, |
| 0:40.4 | what I would do, and I wouldn't be opposed to, by the way, I wouldn't be opposed to 100% |
| 0:45.7 | inheritance tax. Or maybe let's say 99%. You know, my rule might be that if you can put it in two |
| 0:51.0 | P bags, then you can hand it over. That's fine. |
| 1:12.9 | 99, 95%. I'm being provocative, but you see what I mean. I would not be against a far higher rate of inheritance tax than we have at the moment, which is 40% above a certain threshold. I wouldn't be opposed to putting that to 50%, 60%, 70%. Why? Because I think the quid pro quo should be twofold. One, that helps fund public services, |
| 1:20.1 | which actually helps level the playing field in achieving a true meritocracy. Two, it will help us reduce taxes on income. Because at the end of the day, I want to incentivise work. I want to |
| 1:26.2 | incentivise productivity. I want to incentivize productivity. I want to incentivize |
| 1:28.9 | people to get up off their backsides and do more. You don't have a right to inherit. |
| 1:34.8 | What? You should have a right to work while you're alive and keep more of your own money. |
... |
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