this post was submitted on 20 Nov 2024
51 points (96.4% liked)

Interesting Global News

2632 readers
217 users here now

What is global news?

Something that happened or was uncovered recently anywhere in the world. It doesn't have to have global implications. Just has to be informative in some way.


Post guidelines

Title formatPost title should mirror the news source title.
URL formatPost URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
[Opinion] prefixOpinion (op-ed) articles must use [Opinion] prefix before the title.


Rules

1. English onlyTitle and associated content has to be in English.
2. No social media postsAvoid all social media posts. Try searching for a source that has a written article or transcription on the subject.
3. Respectful communicationAll communication has to be respectful of differing opinions, viewpoints, and experiences.
4. InclusivityEveryone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacksAny kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangentsStay on topic. Keep it relevant.
7. Instance rules may applyIf something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.


Companion communities

Icon attribution | Banner attribution

founded 1 year ago
MODERATORS
 

Organisers urged protesters not to bring farm machinery into central London, though some tractors drove past Downing Street covered with signs saying “the final straw” and “no farmers, no food.”

Archived version: https://archive.li/6qCeT

SpinScore: https://spinscore.io/?url=https%3A%2F%2Fwww.euronews.com%2F2024%2F11%2F20%2Fthousands-of-uk-farmers-descend-on-parliament-to-protest-against-inheritance-tax-hike

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 3 days ago (1 children)

Sadly I’m running out of time, and thank you again for your detailed reply, but a couple of points: the Clarkson example could be better handled through taxation on his earnings during his lifetime, your prices are primarily relevant to land rather than complete farms - typically in Devon/Cornwall you’d be looking at 15-30k per acre when farmhouse etc. is included, and finally the money made running a farm often ends up reinvested or used in the subsequent running of the farm, so stripping £40k out of it in your example would significantly affect the running of the farm the next year and so on. Ok, got to rush..

[–] [email protected] 4 points 2 days ago* (last edited 2 days ago)

I already covered over priced areas in my previous post, and the south west squarely falls into that category.

Frankly if you have 500 or more acres in that area and you aren't already making bank from farming then you would be an utter, complete moron not to sell for the £10m+ that you would net from the sale. Any of these premium areas have a far higher return on diversification due to increases in tourism and rich fuckers prepared to pay for farm shops, glamping, etc.

You could even buy a similar sized farm in a cheaper area and bank half of it. Plenty of farmers selling up as they have no family who wants to take it on.

Taxation on the rich should be both on salary and on assets, especially assets that appreciate like land, otherwise we end up with the rich owning everything. The rich have massively larger purchase power than everybody else even if they were taxed fairly. We have to start somewhere with reversing that.