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xchrom

(108,903 posts)
16. Meet The 25 Land Barons Who Collectively Own 1% Of America
Sat Nov 23, 2013, 12:21 PM
Nov 2013
http://www.businessinsider.com/biggest-landowners-america?op=1


A Nevada well drilled by Fasken Oil & Ranch Ltd
#25 Fasken Family owns 300,000 acres

Fasken Oil & Ranch Ltd
Land: Ranches and oilfields throughout Texas.
Background: Toronto attorney David Fasken started buying land in Texas in 1913. After oil was discovered on their ranch in the 1940s, the Faskens spread across the Southwest.



Pat Broe and his Rockies acres
#24 Pat Broe owns 310,000 acres
Land: Holdings in many states. Broe's Hubble & Green Ranches in New Mexico cover 290,000 acres. His Colorado’s Great Western Industrial Park became a major source of the state’s green job growth in 2008.

Background: Broe's investment and asset management company controls over 100 companies in real estate, energy and transportation.


Anne Marion and her sprawling 6666 Ranch
#22 Anne Marion owns 345,000 acres
Land: Oilfields and ranchlands throughout Texas. Her two main ranches, the 6666 Ranch near Guthrie and the Dixon Creek Ranch near Panhandle, total 275,000 acres.

Background: Anne Marion is the fourth generation heir to Samuel Burnett, a cattle rancher who amassed more than a third of a million acres in Texas by the early 1900s.

21. East Family owns 350,000 acres

East Wildlife Foundation
Land: Ranchland in Texas and New Mexico.

Background: Alice Gertrudis Kleberg East, gave up her interest in her grandfather Richard King of King Ranch estate in exchange for the San Antonio and Santa Fe ranches.


Founding father J.R. Simplot and his vast agricultural complex in Idaho.
# 20 Simplot Family owns 355,746 acres
Land: Idaho, agribusiness. The land and livestock division has 37 farms and 15 ranches with capacity for 30,000 mother cows.

Background: The J.R. Simplot Company started its fortune in potatoes but diversified over the years to become one of the largest, privately held food companies in the world.



Read more: http://www.businessinsider.com/biggest-landowners-america?op=1#ixzz2lUDG30BW


***i'm of the opinion that we are not incapable of designing and engineering tax law so that it hits the wrong people.
i think there is some consensus that we have not targeted out tax laws enough -- which is what i think we're seeing here.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Good morning. I like to think that Jesse is right, but I'm not holding my breath. n/t Egalitarian Thug Nov 2013 #1
No. The tax would just be passed off to their renters n2doc Nov 2013 #2
You want to shift income taxes to property taxes? mainer Nov 2013 #3
no one's saying there can't be adjustments where appropriate. unblock Nov 2013 #11
Absolutely!! Bohunk68 Nov 2013 #15
My best friend's parents are in a similar situation... Chan790 Nov 2013 #18
not a good plan...if you want to tax the rich beachbum bob Nov 2013 #4
+1 FreakinDJ Nov 2013 #6
that's a good set of improvements to a system that's inherently flawed. unblock Nov 2013 #10
not difficult to acheive if we had beachbum bob Nov 2013 #21
Fuck that. The county values my property at $122K-90 of that is the land value. hobbit709 Nov 2013 #5
This is the tax that broke up so many family farms in Massachusetts. canoeist52 Nov 2013 #7
Tax wealth, not income. safeinOhio Nov 2013 #8
Not the full solution Joel thakkar Nov 2013 #9
Proposing ending NPO tax-exemptions on holdings is a conservative and ridiculous thing... Chan790 Nov 2013 #20
Tax the financial market transactions. Leave the land alone NightWatcher Nov 2013 #12
On an aside: the complexity only serves one purpose rock Nov 2013 #13
Bad idea. Farmers and ranchers own most of the private land in the USA. Coyotl Nov 2013 #14
Meet The 25 Land Barons Who Collectively Own 1% Of America xchrom Nov 2013 #16
I am getting a sense of deja vu hfojvt Nov 2013 #17
I prefer a straight wealth tax for the 1%. stevenleser Nov 2013 #19
Latest Discussions»General Discussion»End the 1 Percent’s Free ...»Reply #16