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by theseus7
2977 days ago
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The increasing concentration of farm land ownership in the hands of fewer, larger farmers is the result of declining property taxes on land: http://www.masongaffney.org/publications/D1Rising_Inequality... Farming is heavily dependent on labor and capital rather than land. Rural land is worth very little relative to urban land. A broken tax system which assigns low taxes on land relative to taxes on capital and labor has resulted in higher land prices, increased the concentration of farm land ownership in the hands of fewer individuals, while shifting jobs and investment towards coastal cities where land values are highest. |
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