They're people explicitly looking to dodge taxes by converting their accumulated wealth into an untaxable asset. So you're not seeing small farmers shielded from consolidation thanks to inheritance taxes. You're seeing celebrities and mega-millionaires shielding cash assets behind an accounting trick.

This is exactly what the policy is aiming to address. Even if it doesn't fix the consolidation of farmland by big companies, I don't see how addressing this loophole is a bad thing, especially when you describe the drawback to it as having already happened anyway

[–] UnderpantsWeevil@lemmy.world 0 points 1 week ago (1 children)

I don’t see how addressing this loophole is a bad thing

I think it is a lot of political noise over what is incidental to a country that exists largely as a tax haven and tool of investor expropriation. Do it. Don't do it. You're still a country predicated on money laundering for oligarchs abroad.

[–] Skua@kbin.earth 4 points 1 week ago (1 children)

I'm not about to pick fights with good legislation over it not immediately solving the entire problem

[–] UnderpantsWeevil@lemmy.world -1 points 1 week ago (1 children)

I've yet to see any actual quality legislation coming out of a British government in my lifetime.

[–] JackGreenEarth@lemm.ee 5 points 1 week ago

You can't seriously mean that. There's good stuff happening all the time, the lockdowns in COVID (even if the MPs were hypocrites, the legislation itself was good), adding LGBT+ awareness to PSHE for all state schools, pledging even more money to the NHS, free school meals, the ULEZ Zone.

Just because there's also plenty of bad stuff, and lots of progress to still be made, doesn't mean they don't do anything good.