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Bettina's avatar

My weekly touchstone of sanity 🤩 - thank you!

Jos Haynes's avatar

I share every bitter thought of yours about this "Government", but doubt that I could write as humorously. There was just one stellar achievement of the ravishing Reeves that you omitted - the onetime chess champion, apparently, so stellar that no one can find any trace of it. She seems to have a knack of doing wonderful things that no one else can recall.

As for the farmers, they are unique in having a factor of production (land) that has a value out of all proportion to its financial profitability - because land has many non-farming uses. Farms are also usually in family ownership so ownership is concentrated in one or two hands, unlike a company with hundreds or thousands of shareholders. So, on paper, they are very wealthy, but the cash flow generated does not reflect that wealth. Taxing that wealth will reduce farm size, reduce scale economies, and demotivate the sector. It would also encourage corporate farming (hello Blackrock) ... ah, that explains it!

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