Election 2024
- Thread starter brb
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He’s probs asking Dana White to set up a fake UFC fight between him and a woke tranny so that he can woo the US audience
Farmers descending on London today.
I'm wary about this. On the one hand I think food security and ensuring that British farmers aren't forced to sell land to big agri conglomerates is really important. Because otherwise we'll end up with companies like Unilever, Bayer and Pepsi owning farmland, and then pushing for massive deregulation around standards and use of pesticides etc on the basis of 'reducing costs for consumers'.
But I think this issue about inheritance tax is being hijacked, to throw a smokescreen over the issue of wealthy landowners trying to avoid tax. Something like nearly 1m acres of agricultural land has been 'lost' over the last year alone, because it's been bought up by wealthy people. Who clearly have no intention of farming the land, but do the bare minimum to qualify for the tax relief.
Taking into account the actual figure that farmers are liable for in inheritance tax, when you factor in the £1m threshold, plus the £325k on top for property relief, plus the fact that a partner can transfer their £1m + £325k and you end up with a figure that is nearer £3m before any farmer would be liable. Which would only affect around something like 400 farms, the very wealthiest. And even then they are being taxed at half the rate of everybody else liable for inheritance tax.
I'm wary about this. On the one hand I think food security and ensuring that British farmers aren't forced to sell land to big agri conglomerates is really important. Because otherwise we'll end up with companies like Unilever, Bayer and Pepsi owning farmland, and then pushing for massive deregulation around standards and use of pesticides etc on the basis of 'reducing costs for consumers'.
But I think this issue about inheritance tax is being hijacked, to throw a smokescreen over the issue of wealthy landowners trying to avoid tax. Something like nearly 1m acres of agricultural land has been 'lost' over the last year alone, because it's been bought up by wealthy people. Who clearly have no intention of farming the land, but do the bare minimum to qualify for the tax relief.
Taking into account the actual figure that farmers are liable for in inheritance tax, when you factor in the £1m threshold, plus the £325k on top for property relief, plus the fact that a partner can transfer their £1m + £325k and you end up with a figure that is nearer £3m before any farmer would be liable. Which would only affect around something like 400 farms, the very wealthiest. And even then they are being taxed at half the rate of everybody else liable for inheritance tax.
Blackrock are investors. I know they get blamed along with Vanguard for the world's problems, but in reality they are asset managers. They don't own the companies. I know it's a seductive narrative that shady people at Blackrock are directing secret Govt policies, but in reality they are investors who are just concerned with markets and making money for the people that invest with them.
Thats the scam bro.
They own the majority of shares in the big company's, and those big companies own the little ones, shareholders make decisions on what direction those companies take foing forward.
Thats control.
The model is genius really, like air bnb, uber and others they have no cars or properties they just use other people's to make money.
I get it, but like I said, this issue is being hijacked as a smokescreen for tax avoidance.
This is why people like Reform, Clarkson and millionaire James Dyson are so vocal about this ****, because they don't want Labour exposing and closing the tax loopholes that they have been using.
The irony around is this quite staggering, and I think a lot of ordinary farmers are having the wool pulled over their eyes. Their genuine concerns about land being used for agricultural use to produce food for the UK, when in fact 1,000,000 acres has been lost over the last year because the rich are buying it up to try and avoid inheritance tax.
I'd guess mate the ones who have used that loophole the longest would be your lords and lady's, I'd like to see a list of who has held farmland the longest in the UK, I'd bet it's all aristocracy tbh dodging tax for centuries
They aren't majority shareholders though.
They are the largest asset holders in terms of overall wealth, but they only own something like around 5%-6% of even the biggest companies like apple
And even then they only 'own' those shares on behalf of the people who invest with them. The investors and shareholders.
Blackrock makes its money from collecting fees on the investments that their investors make with them.
Organisations like Blackrock and Vanguard have a shareholder vote by proxy, but when you look into it, they don't actually take a direct approach to trying to influence the direction of the companies, as something like 93% of their voting was for management led decisions by the actual companies the shares are in.
I know there is this idea that they own and therefore control everything, but I think that is misunderstanding the role they play.
So you think each person who let's Blackrock handle their money gets a call asking them if they aporove when Blackrock votes on board meetings.
Bro
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Oh indeed, there's the landed Gentry, who stole that common land from the people in the first place, or had it 'bequeathed' to them by Kings, Queens, Dukes and other iterations of the aristocracy. But a lot of those people are so rich, that they don't even need to 'farm' to try and avoid their tax as they just stash their holdings into offshore accounts or investments into hedge funds and other tax incentivised schemes. Or they rent their land to other farmers and pull in more cash through leaseholds and tenants.
But along with that, is the wealthy in society who have used the tax loophole in farmland to buy up huge swathes of land to dodge inheritance tax. Clarkson is a prime example, and I think he admitted that he only bought his farm to avoid inheritance tax, same as James Dyson, the dickhead who pushed for brexit and then moved his company Malaysia when it pushed up costs in the UK. It's people like this that Labour are targeting as they've managed to reduce the land that is actually used for farming by 1m acres in the last year alone.
There were only 80 farms in the UK that were valued at above £2.5m that would have been subject to inheritance tax last year.
This tax isn't going after the small farms, it's going after the wealthy ones. And even then it's only at half the rate that everybody else pays.
The figures speak for themselves though bro. 93% of Blackrock's shareholder voting is with the management plans of those companies.
They are in effect passive investors. They make their money by collecting fees from the people who invest with them.
I'm not saying they don't have an influence, but if anything, it's maintaining the status quo of investors making money.
This idea that Mr Blackrock sits there like a Bond villain, stroking his Persian cat and directing Govt's and world affairs is just misunderstanding the role they actually play.