A little bit long 15:04 but very interesting.

I don't have time at the moment to watch the video but the rich amassing farmland is speculated to have largely contributed to the downfall of Sparta.

wow...

Won't play here at work. how about the cliff notes?

X2.

John Malone is still the biggest private land owner i n U.S.

Agree with the video 100%

Cause the are smarter than most people. That’s how/why they acquire assets.

If i win the lotto this weekend im spending the majority on land.

Danny hit upon the biggest drawback to owning land in another thread, property taxes. That is a cash payment that must be made every year or you will no longer own the land. Owning common or preferred stock also comes with a property tax obligation but the consumers of the company's goods or services thoughtfully pay that obligation for the stockholder.

Seems like this guy makes an awful lot of assumptions but provides no back up data for those assumptions. Just another in the continuing saga of "hate the rich and evil corporations".

Seems to me that most privately owned land is better cared for than a lot of public land. Compare BLM ground that is leased to ranchers for cattle grazing to the ground on the other side of the fence that is privately owned. At least where I have traveled in the west you can almost always tell the ownership status of a piece of ground just by looking at it.

Politicians love to demonize corporations and rich people. It is a winning strategy when election day rolls around. Propaganda works!

I pretty much agree with you. However, Bill Gates is no friend to anyone who is liberty minded. I have no issue with anyone wanting to amass a pile of wealth, but it seems a lot of the jokers who do amass one tend to want to control more and more of everything and everyone.

Bloomberg and Gates are prime examples.

Mike

Take note when the rich start moving their money to real assets.

It's the only way to keep wealth during periods of rapid inflation. Anyone saving large amounts of money right now is going to be robbed by the democrats, who are intentionally creating a huge amount of inflation.

Keith

Hey 49er, I would like your definition of real assets please. IMO, rich people deploy their capital where they can expect a good return on their capital.

My neighbor, lazed level, some of Gates farm land, a few years back. He told me, Gates sold a lot of it.

One of the reasons much of the wealthy buy farmland as there are very good tax breaks in many states for ag production acres, plus they benefit greatly from the farm subsidies that go with the crops. Now in almost all cases the Ag subsidy payments go to the grower not the landlord but that is counter by having higher rent rates to the landlord which adds to their income revenue each year. With land rental and selling prices as they are these wealthy persons are getting a very solid return on their investments and they get value of gain along with that at no increase in taxes if not sold. If they decide to sell they can use the 1031 capital gain clause to offset. We worry a lot about the foreign investors that are buying up our land, the Chinese, Japanese, the Mid-Eastern nations etc. etc., but as we fret and stew over those small acres, our own wealthy are buying like crazy. It is little wonder that they do not invest in building factories, or places that need to hire etc. when they can do so much better buying land. The last tax code change is in part a major player in the rush to buy and hold land.
If there becomes a few major fertile land owners providing commodities to a very few major processors we could have food shortages or significant food cost increases in the most agriculturally productive nation in the world.
The very first part of the clip stated that one of the basic premises of our nation was that we have cheap land and cheap labor. We gave away millions of acres with the Homestead act for merely staying on the land. That has been a difficult psychology to over come and the wealthy have realized that if they control acres they maintain wealth and they can control the basic economics of even the wealthiest county on earth. I am too old to buy high priced land that will not return me much as I am not wealthy enough to buy enough to have a good income stream and weather the short term ebbs and flows that always come. The wealthy can out live the down turns.
With the wealthy not buying the standard T-Bills or bonds we don't even have as much security baking or economy. As stated in the clip the real advantage of land, crop land in particular it is outside of all the other impactors and the produce that comes from the land is always in demand even when the profits are not that good. Another take off for me from the clip as the very wealthy in this nation are thinking much more like Asian cultures do, that they think and plan very, very long term and not like most typical USA business and managers think and that can be as short as the quarterly reports.

Bryce