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Dec 14 2012

Democrats Prepare Death Blow to Family Farms

Using mere numbers, it is hard to describe the long-term devastation inflicted on this country by the evil fools who voted to reelect Obama, but here’s a figure that offers a start: 526,421. That’s the number of family farms that could be destroyed by the death tax:

New legislation that jumps the death tax to 55 percent of estates exceeding $1 million threatens 526,421 family farms, or about 25 percent of all farms in America, according to a Senate analysis.

It’s all part of Obama’s “Eat the Rich” approach to economics, which entails a never-ending increase in taxing and spending. As Senator John Barrasso (R-WY) reports,

Majority Leader Harry Reid and Senate Democrats passed legislation (S.3412) on a party-line vote that allows Washington to take up to 55 percent, a huge increase over today’s top rate of 35 percent, and drop the tax’s exemption from $5.1 million to $1 million. The lower exemption — combined with soaring farm real estate values — could put more than 420,000 additional farm estates at risk from the death tax.

Farm values are largely tied up in non-liquid assets like land, buildings, and livestock. Many farm and ranch families would be forced to sell their assets to satisfy Washington Democrats’ insatiable appetite for tax money. Up to 24 percent of America’s farm and ranch families could be forced to hand over a large chunk of their heritage to the Internal Revenue Service when a family member dies. This would economically devastate rural communities.

So what? Rural communities don’t vote for Democrats anyway. Their power base is welfare-dependent urban voters who don’t have the IQ to wonder where food comes from, so long as someone else pays for it.

Eventually farmers will figure out what is being done to them and stop providing the food. But that will only give the Dems another crisis that they won’t let go to waste. Confiscating the food and letting farmers starve worked fine for Stalin, who differed ideologically from Obama only in that he didn’t harbor any racial animus toward the farmers.

Seizing control of healthcare isn’t enough; you don’t have total power until you control food.

Those who don’t learn from history…

holodomor-victims

On a tip from dan.

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  • patvann

    George Soros has been busily buying-up farmland…Connections anyone?

  • http://www.henrypbabcock.com Henry

    Yeah, yeah, I know you all hate lawyers; a good trust and estate lawyer would keep that money out of reach.

  • modd kenwood

    they’re preparing us to take the mark of the beast upon our forehead.

  • Stephen Dalton

    Dave, what makes you think there was no racism involved in the Holodomor? The head executioner was Lazar Kaganovich, a Jew who really had it in for the Ukrainians.

  • AC

    This is why I store extra food. The left has been dreaming of socializing the food supply for decades because they know it will give them total power.

  • justme

    I was thinking the same thing Dalton… Stalin hated the Ukrainian Farmers, not because they were farmers.

    Food comes from McDonalds and EBT cards you silly TeaBaggers!Get Educated already -(typical urban intellectual).

    The saddest part in destroying the family owned farms is that an entire culture is being eradicated by the same minions who always scream for multicultural “values”.

    Once those ways of a productive life are gone, generations of hard learned lessons are forgotten, forcing painful re-learning. Just ask Chairman Mao and his numerous Five Year Plans in his Great Leap Forward – (Much like the FORWARD! Obama bumper stickers). 20 Million Chinese starved as the new farming collectives failed to produce crops from the seized land of the farmers.

    George Santayana must be screaming from his grave.

  • Jimbo

    Yep – we all know how well that collectivist government farming works out. The only thing communists can grow is rotten potatoes and debt.

    As Henry alludes; it changes the way property will be transferred. “I hereby bequeath” won’t cut it anymore. If you are retired or terminally ill you have to sign everything over to your kids before you go. The folks who will end up paying the Communist Thief Tax are those who are struck by tragedy suddenly – the IRS doesn’t have a problem with putting a widow and orphans into a homeless shelter. Communists are heartless.

  • Doug

    “But Stalin was a WONDERFUL man, he LOVED opera and art!

    Just like present Great Leader and Teacher LOVES Big Bird and other intellectual pursuits!”

    /mush-brained moonbat

  • Gunny G

    Food and Ammo. The coming commodities.

  • Ghost of FA Hayek

    Yeah, yeah, I know you all hate lawyers; a good trust and estate lawyer would keep that money out of reach.
    Henry
    Ten guesses on who else lobbied for the death tax besides Buffett

  • KHarn

    It’s just a diffrent form of the “millionaire’s tax”; the filthy rich (Like Buffet) can absorb the hit to his wallet, but the small business people will have to sell out. And WHO will have the money to buy up the “mom and pop” stores? That’s right, people like obama’s pal, Warren Buffet.

  • Ghost of FA Hayek
  • Dr. 9

    Ever see the old movie, “Grapes of Wrath“? No? Well, stick around. You may just get to see life imitate art. (although the movie was based in fact)

  • AC

    Yeah, yeah, I know you all hate lawyers; a good trust and estate lawyer would keep that money out of reach.

    This is why people hate lawyers. Families should not have to pay thousands or tens of thousands of dollars to a parasite whose “use” comes from interpreting deliberately obfuscated language which his brethren created intentionally as a form of job security.

    The law might as well be written in Greek, as the average person cannot understand it. The courts require everybody to understand it, though, as ignorance of the law is no excuse. However, if an average person tries to understand it without a bar license, he or she will be jailed for unlicensed practice of law.

    That’s how it works. The average person is legally required to understand the law and legally defined as being unable to understand it.

  • Lucky13

    Michah 4: 4

    “But they shall sit EVERY man under his vine and under his fig tree; and none shall make them afraid: fot the mouth of the Lord of hosts hath spoken it.”

    The mountain of the house of the Lord that is, will set us right and proper. Cannabalism will be a lost memory.

  • Lucky13

    corrections for 11:24 am

    fot to for

    Cannabalism to Cannibalism

    I am still human, flesh and blood, the same.

  • Jodie

    This will go along nicely with Obama’s push for “end of life” talks with the elderly. There is a big push through Obamacare and several government agencies, as well as PBS and the MSM, to get people to talk to their elderly parents and friends about end of like choices. Basically, to talk them into wanting to die. While they are doing so, folks can talk mom and pop into signing everything over to them now and thus avoid the death taxes. How convenient.

  • Ummah Gummah

    .

    I think Henry is right. Until they change certain laws – and they will – you can take measures to avoid excessive death taxes.

    To read that Soros is buying up farmland is no surprise to me. I think all land is a winning future bet, especially productive land.

    But then, Soros probably has a more sinister purpose than making money by farming.

    He’s more likely to shut down whatever production is going on on the land he buys.

    I also suspect that large Agri-businesses are behind this. There have been FDA-led efforts to regulate small farmers out of business for a long time, even under Bush and now they’re just turning up the pressure.

    That said, my skills are good as far as plants are concerned. I also grow decent vegetable crops in the summer for our own consumption and keep my own seeds so I depend on noone, just to be safe.

    .

  • AC

    Q: Is it true what our local chairman says that we must break a few eggs to make an omelet?

    A: Yes, but only on the third Tuesday of every month, and only for the first two people in the line.

  • F.D.R. in Hell

    Compared to our residents, those folks in the photo need to trim some excess fat. :evil:

  • karasukanzaemon

    To follow up on Henry (BTW, I am a lawyer), Ghost, Ummah: For right now, Henry is right – at least for those family farms not encumbered by deeds to secure debt, liens, etc. (might be a couple of those out there…) – the assets, both personal and real, can be conveyed into some vehicle or entity that will not die and will therefore never be subject to the death tax. However, as Ghost and Ummah at least alluded to, this further channelizes and pools economic activity and assets. The forms of the s-corp and llc have in part been so popular because of pass-through taxation – because c-corps are taxed separately and in addition to their owners, the shareholders. Problem is, that can make these llc/s-corp, etc. owners look personally wealthier than they really are when they are really just small business people. Along come the demorrhoids and now want to punitively tax people making over 250k. Similarly, the gubmint says you can defer taxes if you pay into a special, statutorily created type of account. So a bunch of people pay in. But now along come the demorrhoids and say they want to tax that money now after all. So, you have a big, greedy gubmint problem AND an interest group problem as well – all of this nonsense subsidizes legal (parts) and accounting industries and the lobbyists who service them. Tax reform now!

  • Jester

    So much for liberals being for “The Little Guy” and against “The Man”.

  • Alan

    California 75,000 farms
    Colorado 31,000 farms
    Florida 40,000 farms
    Illinois 72,500 farms
    Iowa 88,000 farms
    Michigan 52,000 farms
    Minnesota 79,000 farms
    New York 34,000 farms
    Ohio 75,000 farms
    Pennsylvania 58,000 farms
    Wisconsin 76,000 farms
    Virginia 47,000 farms

    You folks happy now?

    http://www.infoplease.com/ipa/A0883513.html

    http://www.politico.com/2012-election/map/#/President/2012/

  • deepred

    Hey Willie Nelson, Neil Young, John Mellencamp, Will you guys be talking about this at your next “farm aid” concerts.

  • deepred

    You have a farm worth over a million dollars? You must be a KULAK in need of liquidation.

  • pa

    Instead of trying to work through complex legal protections that are all subject to change, why not buy a life insurance policy? The premiums, whatever they are, would certainly be less than the death tax bite, so they would be a worthwhile expense for the heirs to pay if the insured party cannot afford it on his own. If the family farm is operated on a business basis, then premiums for “key man” life insurance could even be a deductible business expense. Money obtained by the beneficiaries is not subject to income tax (well, that used to be the case, but maybe that has or will change). Life insurance benefits could then be used to pay the death taxes.

    But it would still stink big time for the government to collect a penny on property that it already taxed during the owner’s lifetime. The new owners who inherit the business, including property, should only be liable for taxes they incur when they begin profiting from the business.

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