Farmers usually have a lot of money invested in capital equipment but their lifestyles are anything but lavish.
They often hide it, but the farmers I know are far from poor. Like a lot of us, they’re rich in illiquid assets but not in terms of cashflow. That’s my situation too, and I don’t whinge about it.
Inheritance tax is a tax on unearned wealth. There’s no reason to distinguish one asset from all others. Those inheriting almost invariably did nothing to earn it; it’s almost always an accident of birth that puts them in line for an inheritance. That, and the whims of some elderly person. A steeply progressive inheritance tax, with no exceptions besides spouses, would be ideal. And if you’re concerned about corporations grabbing all the arable land, regulate them to prevent any firm directly or indirectly owning more than, say, 10 hectares of land. A similar rule should apply to housing.
Twig@sopuli.xyz 3 days ago
Rich ass farmers paying tax? Not against that in the slightest
Flax_vert@feddit.uk 3 days ago
I prefer farmers being rich ass than bankers honestly. Farmers deserve to be rich, they rarely get a day off.
Twig@sopuli.xyz 2 days ago
If they have that much wealth, they need to be taxed. If you’ve got knobheads like Clarkson supporting them, you just know they’re in the wrong.
I’m sure the animals would like a day off from being raped too.
phutatorius@lemmy.zip 1 day ago
Clarkson went into farming as a tax dodge.
chonglibloodsport@lemmy.world 2 days ago
Right, because if (guy I don’t like) supports something, I’m obliged to hate it and fight against it!
This really tells me all I need to know about your politics. You’re not interested in making life better for anyone. You’re filled with bitterness and resentment and you just want to watch the world burn.
Flax_vert@feddit.uk 2 days ago
What’s wrong with clarkson?
chonglibloodsport@lemmy.world 2 days ago
So you support the consolidation of small family farms into large corporate farming operations. Interesting take.
Twig@sopuli.xyz 2 days ago
If that’s how you want to infer it
yeather@lemmy.ca 1 day ago
Infering or not, that is what’s happening.