4 ms·

Taxing property, rather than income, can have this effect.

• dbg31415 10y ago
  Sure, if we were all investment bankers. But what about cattle ranchers... apple growers... asparagus farmers... shouldn't they be allowed to pass on their businesses to their kids too? I know that ranches, like the one I grew up on, are capital-intensive business that have relatively low margins. Just about anyone would look at a rancher's books and say, "Yeah, sell it, invest the money in a mutual fund and you'll make a lot more money." The secret: ranchers aren't doing to for the money. * Paul Harvey, God made a Farmer - YouTube || https://www.youtube.com/watch?v=0VrUewoakmQ https://www.youtube.com/watch?v=0VrUewoakmQ
  • throwaway2016a 10y ago
    The market would be forced to adjust. Beef, dairy, and other products that come from farms would become much more expensive. And that's not necessarily a bad thing (possibly not a good thing either). For example, it may force the adoption of vertical farms and force people to cut down on their meet intake which probably has a net health benefit. A real problem with that is how to value property. Property is not always easy to value. For example, I'm pretty sure the tax office values my house by fair dice roll. (joking, hopefully obviously)
  • bryanlarsen 10y ago
    Only rich farmers and farmers that die young give their farms to their kids. Most farmers sell their farms to their kids. Farmers don't have pensions or retirement investments -- they spent 40 years paying off their mortgage and then use that capital to fund their retirement.