Richard Murphy, has been arguing that the tax break is what has pushed up the land values because it has turned farmland into a finacialised asset used precisely to avoid inheritance tax
https://www.youtube.com/watch?v=s9J0GpnXNhY
I have no ability to assess the argument. It seems plausible, but more plausible still is the idea that land values are high in the hope that the land will be rezoned and available for housing. Speculation as much as anything else
Roberto von Archimboldi
npub1zj…p6a2t
2024-11-20 20:48:56 UTC
in reply to nevent1q…jzun
Author Public Key
npub1zjt9gsux04neazh04a9hd4400z9lqr5t9h8lnjl9rggs72aycmnssp6a2tPublished at
2024-11-20 20:48:56 UTCEvent JSON
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