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aljessen61
Senior Contributor

BILL GATES

Bill gates has purchased about 242,000 acres of prime farm land so far along with 27,000 other acres. Any of you libtard farmers see a problem with that?

13 Replies
bruce MN
Advisor

Re: BILL GATES

Good bit of testimony material for any hearings that might be held to address payment limits and a review of means testing for entitlement recipients. Review cap on FICA contributions while at it...

sam1wiseone
Senior Contributor

Re: BILL GATES

When Cory Booker's land redistribution scheme is passed bill can offer his up for the taking.

rickgthf
Senior Advisor

RE: At least it's still farmland.

 About 750,000 acres of some of the best farmland close to cities are permanently converted to non-agricultural use every year.  If Gates keeps it as farmland that's better than the alternative.

  If it wasn't for the king keeping the royal forest, forest, there won't be any forest left in England today.

aljessen61
Senior Contributor

Re: RE: At least it's still farmland.


@rickgthf wrote:

 About 750,000 acres of some of the best farmland close to cities are permanently converted to non-agricultural use every year.  If Gates keeps it as farmland that's better than the alternative.

  If it wasn't for the king keeping the royal forest, forest, there won't be any forest left in England today.


I am so glad you will give up peacefully.

sdholloway56
Senior Advisor

Re: RE: At least it's still farmland.

I wonder if it his personally, or his foundation?

Ted Turner used to say to people who were mad at him for buying up ranch lands that they could get over it because it wasn't like he was going to own it forever.

I gather Gates has no intention of leaving very much of it to his kids, although the foundation may go on more or less in perpetuity.

aljessen61
Senior Contributor

Re: RE: At least it's still farmland.


@sdholloway56 wrote:

I wonder if it his personally, or his foundation?

Ted Turner used to say to people who were mad at him for buying up ranch lands that they could get over it because it wasn't like he was going to own it forever.

I gather Gates has no intention of leaving very much of it to his kids, although the foundation may go on more or less in perpetuity.


Is that kind of like the Clinton foundation?

sdholloway56
Senior Advisor

Re: RE: At least it's still farmland.

Lol. Yes, probably closer to the Clinton Foundation than the Trump one. Quite legitimate.

Leaving aside that it's Bill Gates, a known child-brain eating sex trafficker who is putting mark-o-the-beast brain chips in us via the vaccine, I guess this is what I think.

I strongly believe in very heavy estate taxation on huge fortunes. I'd leave the charitable option on the table as long as family foundations are closely regulated.

As far as limits on investors owning farmland, what do you suggest? I gather many states tax farmland very steeply, with a homestead deduction rate for actual farmers. Although in a 0 bound world I'm not sure that rate of return matters to people with $Bs who just want to diversify.

aljessen61
Senior Contributor

Re: RE: At least it's still farmland.

I you better do some serious research on the Clinton Foundation.... That money laundering deal would have got most people some prison time.

BA Deere
Honored Advisor

Re: RE: At least it's still farmland.

I know the Lib crowd will say "Gates` farmland is only .000000000000000000000001% of ownership in the US...so take a chill pill!!!!".   However, this is a trend that we should keep an eye on (what we in the minority can do about it, don`t know).   

But these days there seems to be a glut of evil billionaires, $1 billion can buy 100,000 prime farm acres. If there is a farm squeeze coming and land has to be sold, there may not be a continuation of lack of land on the market.  In the past it`s been a concern of the Soviets or Chinese troops attacking the US, but whoda thunk in the future (presently) there would be a plethora of wealthy individuals with the mentality of socialism that have the means of attending a land auction and simply write out a check for what they need without firing a shell in anger.