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Joined 3 years ago
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Cake day: August 16th, 2023

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  • You clearly are invested in this issue, but your are missing the point.

    You might not be aware of other industries, but it’s a very similar situation in most essential businesses - high equipment costs and low margins.

    I would still argue that family members who inherit a business are in a better position then, for example, a 20 year old waiter who inherits their mom’s house in London. They also need to pay taxes that they can’t afford.

    Anyways… No one is saying that farmers or any essential businesses shouldn’t get support. It’s just that inheritance tax exemption is the wrong one, because if you create a loophole the rich will exploit it.





  • What a strange take. I definitely think that we should support farmers, but not by exempting them from inheritance taxes. We should incentivise the correct things - If they work the land give them subsidies.

    If you don’t tax inheritance you’re creating a generational wealth hoarding. Let’s take Jeremy Clarkson for example - he openly stated that the reason he bought farmland was so that his children can inherit it tax free. If he didn’t have a farming tv show, he would lease that land to actual farmers.

    It might be different in other parts of the world, but in the UK, that has relatively high population density, sitting on farm land for generations can be very very lucrative. Most of the richest pieces of real estate in this country were farmland a century or two ago.