HebrideanUltraTerfHecate on Nostr: https://thecritic.co.uk/why-does-the-establishment-want-to-harm-farms/ It is unclear ...
https://thecritic.co.uk/why-does-the-establishment-want-to-harm-farms/
It is unclear if these demonstrations will succeed. British farmers do not have the same political weight that their counterparts do in France, for example. The tax hike on farms is expected to take in around £500 million a year. Its supporters say it reduces a market distortion, and reduces the likelihood of tax avoidance. In a narrow sense, it does, but the distortion could also be reduced by scrapping Inheritance Tax altogether. It is, after all, one of the most unpopular taxes nationwide, which many believe to be inherently unfair, and — according to a recent paper by the Adam Smith Institute — also encourages poor and unproductive investment decisions.
This will likely lead to far greater consolidation of the farming sector, and the end of mid-sized farms altogether. It is hard not to see this as an attack on rural culture — England’s especially. The mid-sized family farm, a genuine staple of rural life, will likely be replaced by small and unproductive hobbyist farms, reliant on subsidies, on the one hand, and corporate giants able to sustain the burdens of tax and regulation, on the other.
It is unclear if these demonstrations will succeed. British farmers do not have the same political weight that their counterparts do in France, for example. The tax hike on farms is expected to take in around £500 million a year. Its supporters say it reduces a market distortion, and reduces the likelihood of tax avoidance. In a narrow sense, it does, but the distortion could also be reduced by scrapping Inheritance Tax altogether. It is, after all, one of the most unpopular taxes nationwide, which many believe to be inherently unfair, and — according to a recent paper by the Adam Smith Institute — also encourages poor and unproductive investment decisions.
This will likely lead to far greater consolidation of the farming sector, and the end of mid-sized farms altogether. It is hard not to see this as an attack on rural culture — England’s especially. The mid-sized family farm, a genuine staple of rural life, will likely be replaced by small and unproductive hobbyist farms, reliant on subsidies, on the one hand, and corporate giants able to sustain the burdens of tax and regulation, on the other.