1. Farmers protest happen in europe exactly the same time the west does something "aganist" russia (russia is funding and organizing them). 2. Uk farmers figure head is a tv personality tbat only bought a farm for tax write offs and a tv show. 3. The numbers shown aren't accurate 4. Farmers are normally the largest receivers of tax credits and subsides.

Jeremy Clarkson has some gall becoming championing this for farmers after he's publicly bragged before how he bought his farm to exploit tax loopholes, it's precisely people like him who are getting these laws re examined which is going to adversely affect farmers.

All inheritance taxes are bad.

When the rich complain...you know something good is being done ..

blocking traffic.... 5 years isn't it?

Have a look at Richard J Murphy's (an accountant) video on why Inheritance Tax is not the real problem farmers are facing and why the tax would actually help them.

clarkson bought his farm AS a tax dodge

farmland is expensive, because its bought up as an investment by the super rich and corporations.. farming got more expensive because brexit

A couple of things you've missed: the timing of the change doesn't allow farmers to start saving for IHT early enough. Also you're just covering the value of the land, not the value of the livestock, machinery and farm buildings which are also included in IHT.

In 2021-22, Treasury figures show just 117 inherited farms were worth over £2.5m, meaning the vast majority would have avoided paying any death duties

When people are already paying Income, property, sales taxes, inheritance tax seems shameful since inheritance means someone suffered a loss of person. Taxing a deceased person's children and family is cruel and ungodly.

Why everybody forgets about inflation when making a graph 5:00

Holy shit this is the most biased video on this channel, Jesus fucking christ

I have noted lately that products from Aldi have a note on saying “Not for EU” Now I think the solution is to put these notes on the packaging of products along with the U.K. flag and Northern Ireland flag to show this.

Councils are privately-owned corporations, registered at Dun & Bradstreet. Many are going bankrupt. How can that be, you may ask, if they are 'supposed' to be public bodies ???

If the only arguments for the tax are: 1. System is broken. 2. Our solution isn't bad. 3. It "seems" fair. Then that tax is simply bad. 1. There could be other solution to "broken system" problem. 2. The solution isn't good either, it's not even decent. In fact it is bad. 3. If I got a penny for all the solutions that "seemed fair" but ended up failing hard, I would be rich.

Taxation is theft

I think there should be support given to those that can't afford to pay the inheritance upfront. But big corporations or people like Clarkson can definitely afford what the HMRC is asking of them. Which I think was the initial idea. Again though, maybe the government should look into helping the farmers that cant afford to pay that tax.

Having wealth doesn't mean someone is rich and should be taxes for it. Wealth taxes (and inheritance tax is one) are a terrible idea both morally and pragmatically. Som people can do with less envy and more reading economics.

Large corporates should have to pay inheritance tax at an average of how ever many years a farmer runs a farm.

The damage that this bill has caused has already done damage, EVEN if it it repealed - some farmers would have said "I've had enough" so damage was already done - and for that, the person in charge should go to jail.

I’m sure Trump would do a trade deal, as long as he gets a cut of the action.

EASY ANSWER, less individuals are buying property for actual production farming ... Rich people are buying up farmland to avoid inheritance tax.... that's it, you don't need to look any further for some conspiracy. EASY

Like all public sector areas waste is a massive issue. They are not incentivised to save money. There is a backwards attitude where they all actively avoid saving because if they are under budget one year they get a reduced budget the next.

You forgot argument against number 1 Death taxes are outright and horrible theft from an era when kings wanted to ensure that they weren’t challenged by more productive subjects because their’s was the right of God or lineage or some other antiquated bullshit. One more time and this time let’s say it together, “Death taxes are theft!!!”

This is just turning the working class against eachother and is actually ridiculous.

Farmers vote for brexit. This there own fault.

When a protest happens in UK TLDR shows both side of stories but when it happens in India, China, Middle east, Africa etc. they show only one sided narrative. This makes TLDR unreliable to understand other side of stories in other countries.

They need to figure out a way to make it so that actual productive family farms are exempt, while "vanity projects" and "tax dodges" are not. Perhaps if someone has a farm, but also has significant OTHER assets (more than a farmer would typically possess), then they can't take advantage of the relief. The only way a rich person could use it would be if they sold their yachts and mansions and fancy cars and _only_ had farmland and farm equipment as assets.

Brexit means Brexit 🤣. You need more money after economically shooting yourself? We thought this is what you wanted. You said this is what you wanted.

I see Jezza on thumbnail, I click

I made it halfway thru before getting completely lost.

Farmers should use anti capitalist / socialist message to handle this.

The sad reality is that this policy is going to exacerbate the sale of family-owned farms to massive corporations, billionaires, investment firms, etc. But the reality also is that this is going to happen either way. Farming is becoming an ever more expensive job. What with needing multi-hundred thousand dollar pieces of machinery and incredibly high maintenance and licensing costs, family-owned farms are simply being priced out. On top of that, farming simply isn't an adequate business under capitalism as they can't adjust for demand and they are extremely reliant on uncontrollable conditions (weather) which means 1 poor season could very well destroy a farm financially. At least this policy will capture SOME money from these wealthy firms and individuals buying up all the farmland just to rent it out to the very same farmers they bought it off and take a cut of the revenue for doing 0 work. And this will undoubtedly decrease land prices and therefore further reduce how many farms this will even apply to. I reckon some adjustments such as a 2 million cap because farm equipment is very expensive would be reasonable but for the most part, this will be a positive step in the right direction. If people truly want farming costs to go down and therefore food prices. then they should be supporting policies that benefit farmers instead of shortsighted policies that just provide tax evasion strategies to wealthy people like the inheritance tax exemption.

Old expired beliefs disappearing between them?Don’t threaten with a good time

You answered your own question-How many times in the beginning did you say UK has the oldest this or oldest that? You need to innovate and keep going not resting on laurels

Not the French way. I recognised at least two former French African colonies that joined this commonwealth😏

🇬🇧🇦🇺

This aged well aint it were close as possible now

a) Farms will still get a higher threshold and then a 50% discount on IHT, compared to anyone else; not entirely unfair b) Selling some land to cover IHT (due to high book value or poor estate planning) sounds fair enough. They shouldn't need to close down or sell the whole farm, as some have stated; only a small parcel to cover the tax (or take out life insurance to cover IHT). You see this in many other places, such as maturing stock options, where you may have to sell some options just to cover the fee to exercise your other options, or perhaps raising funds in order to cover stamp duty. c) I'd like to hear much more about the theory that "rich people" or "corps" holding land to avoid IHT; seems like a strawman argument as it strikes me as a poor and inefficient method amongst all the other options out there (offshore accounts, trusts, charities, etc.. or simply giving it away at least 7 years before death). In fact, it's a risky speculative asset holding, as the land could fall in value by over 20% (or due to loan interest, or opportunity loss of not investing in something else), and then you're losing more than the IHT would save. Yes, they are buying up some land, but my point is that it's not because of IHT, more likely because they're diversifying their portfolios by holding some land and speculating on future growth.

look who is in social housing

The UK is a third-world shithole. Enjoy your bankruptcy!

Abolish inheritance tax. I don’t care who they are how much they own I think it’s an awful idea.

TLDR: Rich landowners have scammed farmers into thinking they represent them, and brainwashed them into being afraid of something that will not affect them.

Farmers already lost subsidies after Brexit. They're intentionally killing domestic farming.

How about taxing the rich? Like people who are worth millions and billions? You know the people that have more wealth than towns, cities and even countries combined. combined. How about the government Taxes the people that received millions for supplying faulty PPE equipment for example, you know the people that have hardly been taxed ever. But no. The government will never tax their mates.

Farmers are obliged to have some very valuable equipment, their land is most probably very valuable as well if it's good for agriculture, the price of even relatively modest looking properties can soon shoot to over a million smackers, but it's all stuff necessary to produce their produce. You can't expect farmers to suddenly cough up tens of thousands of pounds just because someone has just died. It's f'cking outrageous. Farmers do a very important service for the nation even more important now than it's been for a little while.

The only real differences between the UK and US economies are regulations, social welfare programs, and socialized medicine. Otherwise, the expectations and standards of doing business and being able to spend are quite similar. Unfortunately for the UK, without the EU, things have taken a turn for the worse and the economy is barely growing. inflation mixed with low wages and soaring energy prices have crippled many parts of the UK economy. Northerners feel this more than Southerners because the UK government doesn't want to invest in anything for some reason. You can't have 14 years of conservative "belt-tightening" and then expect the economy to be better because you saved money or didn't incur debt. That's not how economies work. This is just my opinion, but if the UK DID sign a trade deal with the US (and agreed to all its terms), wouldn't things get better for the average Brit financially? And if that's the case, wouldn't purchasing health insurance be a consideration if your salary would be 3X higher? If the NHS is struggling so badly, wouldn't securing the NHS only for people who can't afford to buy insurance make the system better? In America, we have Medicare and Medicaid, government health insurance programs for the elderly and the poor. Why should someone making hundreds of thousands in London get free health insurance when they can afford to pay for it? That would be like a well-off American getting free insurance on the backs of people who can't afford it. (I know that's a very American statement of me to make but its true!) Save the NHS for the people who CAN'T afford it. But get rid of the private hospitals so that the money being spent on healthcare runs THROUGH the NHS, giving them more revenue and profit to reinvest in the system rather than relying on the government to do it, which they say they can't afford. The chlorinated chicken thing I get, but its not like there wouldn't be OTHER options.

Labour are the killer of small business that’s for sure.

"...His enthusiastic support for the protests have encouraged both farmers and right-wing conspiracy theorists..." I think you mean "people with common sense", mate.