Reply #17: Estate tax is more like up to 60%.

[Statistical]

20% estate tax? :rofl:

So a farmer's son inherits the farm and owes millions in taxes he can't pay. So he is forced to sell 1/3 or 1/2 the farm. Then next generation 1/3 of what is remaining is sold, next generation 1/3 of that, next generation 1/3 of that. Eventually you reach a point where the farm is too small to compete with major agro corps and that generation simply sells out completely.

It didn't happen overnight. But the resources of major corporations are essentially limitless. When owners are forced to sell, the corps buy and then they never sell back..... ever. The farmland ownership is only going in one direction. It may take hundred years but corporations have both time and money on their side.

Unlike an individual a corporation never dies thus it never pays 30%-60% tax every 60 years or so. It never has an estate so it pays no estate tax, ever. While it might take another 3-4 generations eventually a dozen corporations will own ever single square foot of farmland in the United States. Every single thing you put in your mouth will be owned by a dozen companies.

Yeah that is a reasonable outcome.