Comment on Record breaker Starmer is the 'most unpopular PM since polling began'

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phutatorius@lemmy.zip ⁨1⁩ ⁨day⁩ ago

Farmers usually have a lot of money invested in capital equipment but their lifestyles are anything but lavish.

They often hide it, but the farmers I know are far from poor. Like a lot of us, they’re rich in illiquid assets but not in terms of cashflow. That’s my situation too, and I don’t whinge about it.

Inheritance tax is a tax on unearned wealth. There’s no reason to distinguish one asset from all others. Those inheriting almost invariably did nothing to earn it; it’s almost always an accident of birth that puts them in line for an inheritance. That, and the whims of some elderly person. A steeply progressive inheritance tax, with no exceptions besides spouses, would be ideal. And if you’re concerned about corporations grabbing all the arable land, regulate them to prevent any firm directly or indirectly owning more than, say, 10 hectares of land. A similar rule should apply to housing.

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