Comments by "Acid Joke" (@PWMoze) on "The Alternative View"
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I just watched this professor's video in which he lays out his 'simple economics' analysis. It just goes to prove that economic theories often don't match up with reality.
He say that farmland is artificially valueable because millionaires have been using it as a tax dodge. True.
He says farming is artificially unprofitable because the supermarkets control prices. True
He thinks taxing the rich guys will bring down the value of the tax dodgers' land and so they will sell it, real farmers will buy the land and everyone will be happier. False.
What he doesn't acknowledge is, because the inheritance tax threshold is so low, if you inherit even a small farm you will have a large tax bill and no way of paying it (farmers are asset rich but cash poor. Farms struggle to make profit because of restrictive regulations and the unpredictable weather). You will have to sell off some of your land or your stock or your equipment or the buildings you own, to pay the inheritance tax. Small holders will simply have to sell the lot. Farmers will not want to buy the rich guys' land because it will increase their tax liability.
Land ends up getting sold to the mega-big, international, globalist agriculture corporations because they can offset and mitigate their tax liabilities.
As the young farmer inbthe clip points out, farms will get sold and food production will move into the hands of the international corporations and the agri-giants. Meanwhile all our British rural traditions, culture, links to the land, animal husbandry, protection of wildlife and community involvement get sold off to faceless forces of global capital. The exact people he's trying to penalize.
Brilliant.
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