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> According to The Land Report magazine, since 2008 the amount of land owned by the 100 largest private landowners has grown from 28 million acres to 40 million
by deepsun 8y ago
> According to The Land Report magazine, since 2008 the amount of land owned by the 100 largest private landowners has grown from 28 million acres to 40 million, an area larger than the state of Florida.
Wow, it's almost 50% increase in just 10 years.
- redahs 8y agoInequality in land ownership has been continuously increasing in the United States since the 1930s. Higher property tax rates on land ownership are needed to reverse it, as well as the elimination of property tax exemptions which the owners of non-profits, private forests, golf courses, etc are currently receiving.
- tomcam 8y agoWait, if you want people on the lower end of the economic scale to own land, why would you want to punish them with higher property taxes?
- Sabinus 8y agoLarger areas of land with high value are taxed more. Low socioeconomic people don't put mansions on large estates.
- dsfyu404ed 8y agoScrew that. I know people who have to keep working in their retirement because of their property taxes. If you're gonna tax land it should be proportional to how developed that land is. You shouldn't be taxed off of your land because you bought it 40yr ago before it was valuable.
- CPUstring 8y agoGood question. It should be a progressive tax
- zip1234 8y agoWhy is it a problem that those people are buying more land? If anything, a single owner that doesn't need the land for economic purposes can protect it much better than a bunch of individual people. My point is that people assume automatically that this is bad and must be stopped. Maybe it is good?
- clarkevans 8y agoConcentrated ownership is power. Power tends to corrupt.
- grasshopperpurp 8y agoYes, accountability and balance are the main issues. Hoping people will be good doesn't tend to work out well.
- conanbatt 8y agoYeah but also..there are no scaling benefits in owning really lots of land. It doesnt get easier to manage. And it is impossible to buy up all the land as the last piece of land would be worth infinity. Im not sure what's going on, I'd like a more nuanced analysis.
- francisofascii 8y agoIt is morally wrong to buy up tons of land, then forbid others to walk across it. Land should be for everyone, not just for a select few, especially since land was not created by the owner.