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Thursday, 10 December 2020
Distributist proposal on 51 acres and 17 cows.
Since I was met with a very massive incomprehension on what Distributism is ...
If you own fields and grazing grounds of 51 acres and also 17 cows. If you sell all of it to one physical person, or to a company, you pay normal real estate transfer tax. If you sell it in 17 pieces to 17 different buyers, you pay normal real estate transfer tax divided by 17. Within a reasonable limit of time ... like if you sell half now, and start selling the rest 25 year later, you will again by paying normal real estate trasnfer tax, as what you start selling then will not be half the property, but your property.
If you own 3 acres and a cow, you also pay normal real estate transfer tax.
If you sell to someone who has more than you, from twice as much on, you pay normal real estate transfer tax multiplied by how much more he already had.
Why is the man selling 51 acres and 17 cows paying no more than the man selling, if owning only that, 3 acres and a cow? In order to encourage those owning small farms to keep them.
And inheritance duty should be abolished, so as to encourage keeping land in the family.
This is something vastly different from a Communist revolution, and also from a Monastic or Friaristic renunciation on property.
Hans Georg Lundahl
Paris
St. Melchiad, Pope and Martyr
10.XII.2020
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Oops, mathematical blooper!
ReplyDelete"If you sell to someone who has more than you, from twice as much on, you pay normal real estate transfer tax multiplied by how much more he already had."
No, wait, correct. If you sell to someone who has 2.1 times as much as you, you pay 1.1 times normal real estate transfer tax ... for a moment I thought it would have been 0.1.
Physical blooper, however : it seems 3 acres is too little for subsistence farming, and therefore subdividing 51 acres need not necessarily be promoted.
ReplyDelete"A common definition of what constituted a plantation is that it typically had 500 to 1,000 acres (2.0 to 4.0 km2) or more of land and produced one or two cash crops for sale"
https://en.wikipedia.org/wiki/Plantation_complexes_in_the_Southern_United_States