[dev_l1x_be]

The helped easing up on the resources of Earth with his investment in certain pharma companies and now owns a giant amount of the farmland of the US too.

[giancarlostoro]

> now owns a giant amount of the farmland of the US too.

What for though? I always hear this, but what's the point of it?

[cma]

Any given year congress could pass something letting farmland owned before X date be passed to your children without taxes. I've seen lots of congressmen telling sob stories about a constituent losing the 8-figure family farm due to taxes. Gates owns the farmland personally, not in the foundation. But it could just be diversifying assets. Lots of tech billionaires buy up lots of land.

[mikeyouse]

He’s donated something like $100 billion already… there’s no chance he’s buying farmland as an inheritance tax dodge.

[giancarlostoro]

He has also said it many, many times, he's not leaving his kids anything.

[cma]

I was thinking Buffett said that and Gates was still leaving some. I don't know why the farmland then. Maybe to get easy access to veterinarian antibiotics.

[Obscurity4340]

Hes leaving them each 10 million but they're all pretty accomplished i believe already

[mrhottakes]

Hoarding resources