Comment on Record breaker Starmer is the 'most unpopular PM since polling began'
Digit@lemmy.wtf 3 weeks agoMy parents sold the farm, I think, largely, on accountant’s advice, to avoid the inheritance tax, or something.
So now I don’t have the farm I grew up presuming was to be mine (or other relatives’) one day, and instead see it get eaten up in consolidation by the rich, like all the other small farms around, merging.
This is not good.
Yay for sensible subsidies. Nay for tax ploys to feed agribusiness monopolies.
UrbonMaximus@feddit.uk 3 weeks ago
Sorry that your parents had to sell, but it sounds like you’re blaming the wrong people.
chonglibloodsport@lemmy.world 3 weeks ago
If the inheritance taxes are the reason his parents had to sell then it stands to reason that the people who introduced the inheritance taxes in parliament are to blame, no?
UrbonMaximus@feddit.uk 3 weeks ago
I don’t see how inheritance tax is to blame. You’d pay less on inheritance tax than paying income/capital gains tax on selling your land. I suspect other reasons were at play.
chonglibloodsport@lemmy.world 3 weeks ago
Inheritance taxes for real farmers (as opposed to people who just buy farmland to live in the country) are much higher because they include capital expenditures. Modern tractors, harvesters, ploughs, seed drills, sprayers, barns, equipment sheds, silos, fences, irrigation systems… all of this can add up to millions of pounds. Having to suddenly pay a large inheritance tax for a cash-strapped (high leverage) working farmer because their parent died could absolutely force the sale of everything.
Digit@lemmy.wtf 3 weeks ago
Who do you think it sounds like I’m blaming?
I was not aware of playing the blame game at all.