Elon Musk Backs British Farmers Protesting Against Labour’s Inheritance Tax Plans

[Social Media]

 

Elon Musk, the world’s richest man, has voiced his support for British farmers protesting against proposed changes to inheritance tax under the Labour Party. Farmers argue that the policy could jeopardize the future of the agricultural industry, and their grievances reached new heights with a dramatic demonstration in East Yorkshire.  

 

 

Dozens of tractors paraded in convoy through the streets of Beverley, East Yorkshire, as part of the farmers’ campaign. Their protests targeted Labour’s plan to impose a 20% inheritance tax on agricultural assets exceeding £1 million, a move farmers believe could devastate family-run farms.  

Musk, known for his provocative social media presence, expressed his support for the rural protestors with a post on X. Responding to an image of the tractor demonstration and a post criticizing "Socialist Labour tax policies that hurt farmers," Musk wrote, "Good for the farmers."  

 

This is not the first time Musk has commented on the issue. In November, he described Britain’s tax plans as "going full Stalin" in reaction to an article defending the policy. The statement appeared to allude to Soviet leader Joseph Stalin's collectivization policies of the 1930s, which forcibly redistributed farmland and caused widespread hardship.  

 

The East Yorkshire protests culminated in a key vote by councillors at County Hall in Beverley. A motion opposing the inheritance tax plan passed overwhelmingly, with 51 councillors voting in favor and only five against. The council has pledged to write to the Chancellor, Prime Minister, and Defra Secretary, urging them to reverse the policy.  

 

Conservative councillor Sean McMaster, who proposed the motion, called the tax changes "life-altering" and "devastating" for farming families who have worked the land for generations. He emphasized that the proposed policy would undermine food security and harm the rural economy.  

 

"Metropolitan elites do not understand rural communities," McMaster declared. "We must stand with our farmers who work hard all year round to provide what we all take for granted. This government has bitten the hand that feeds the nation. Our farmers will not stand for it. The family farm tax needs to be stopped."  

 

While Musk’s endorsement drew attention to the issue, NFU President Tom Bradshaw refrained from commenting on the billionaire's intervention. However, he acknowledged the widespread discontent among farmers, stating that the protests demonstrate the agricultural community's strong opposition to the inheritance tax proposal.  

 

As the debate intensifies, the protests highlight the tension between rural communities and policymakers, with farmers determined to protect their livelihoods and the future of their industry.  

 

Based on a report by Daily Mail 2024-01-10

 

 

[soalbundy]

I agree with the farmers but since Musk is now so entwined with Trump he should be more concerned with the devastation wrought to the mid-west by China canceling the 164 billion dollar contract to buy Soy from American farmers and has turned to Brazil and Argentina instead, all part of Xi's belt and road plan, looks like America's bullying with tariffs is back firing bigly.

[Cryingdick]

It's nice to see a rich man assert himself for a change.

[jippytum]

I do have sympathy for farmers in general. However Jeremy Clarkson did admit to the Times newspaper he bought his farm initially to avoid inhertance tax as did other wealthy people. 

[Woke to Sounds of Horking]

This is what happens with radical leftists in charge. Never forget what Stalin did to Ukraine in the forced starvation years.

 

Good on Musk for speaking up for the farmers. Hard work farming, little recognition.

[zepplin]

1 hour ago, soalbundy said:

I agree with the farmers but since Musk is now so entwined with Trump he should be more concerned with the devastation wrought to the mid-west by China canceling the 164 billion dollar contract to buy Soy from American farmers and has turned to Brazil and Argentina instead, all part of Xi's belt and road plan, looks like America's bullying with tariffs is back firing bigly.

Just shows trumpy has no idea , how much china wants to cripple the USA!

[newbee2022]

13 minutes ago, Woke to Sounds of Horking said:

This is what happens with radical leftists in charge. Never forget what Stalin did to Ukraine in the forced starvation years.

 

Good on Musk for speaking up for the farmers. Hard work farming, little recognition.

...and where is the connection of an rich American meddling into UK politics? Starmer should declare at least Musk as "persona non grata,"

[henryford1958]

Surprised he has time, with all his projects, to worry about a small bankrupt island.

[PomPolo]

Although he may have a point he needs to keep his beak out of every other countries business.

Although I am not a big fan of Jess Phillips fell on the floor laughing when she said he should "crack on with this 'getting to Mars'

[JonnyF]

Musk is spot on again.

 

This is simply a policy by the communists to force farmers to sell up, removing land from private citiizens and transferring it to the state. Control the means of production. Or perhaps some of it will be used to provide housing for the cultural enrichers. Meanwhile Britain becomes increasingly reliant on foreign sources of produce. 

 

I really hope Musk keeps the pressure on this cruel, inept government. 

[newbee2022]

4 hours ago, KhaoTakiab said:

Why do you keep posting stuff based on articles in Daily Mail and Daily Telegraph?

Always biased, rarely true and never accurate. 

Even keen readers of these publications do it only for the entertainment value they provide. 

( Except Alan from the pub around the corner, but even his mom thinks he is very daft )

Thank you. One has the balls to speak out

[Yagoda]

 

11 minutes ago, JonnyF said:

Musk is spot on again.

 

This is simply a policy by the communists to force farmers to sell up, removing land from private citiizens and transferring it to the state. Control the means of production. Or perhaps some of it will be used to provide housing for the cultural enrichers. Meanwhile Britain becomes increasingly reliant on foreign sources of produce. 

 

I really hope Musk keeps the pressure on this cruel, inept government. 

Bring back tenant farmers?

[mrfill]

3 minutes ago, Yagoda said:

 

Bring back tenant farmers?

They're still around and are not affected directly. Huge swathes of farmland have been purchased by people like James Dyson for tax dodging purposes. They will have no hesitation in increasing rents which will drive out a lot of proper farmers trying to earn a living. Nothing is being done about that but people are encouraged to weep for the richest 'farmers' paying a much reduced inheritance tax, in much the same way as they did between 1894 and 1984 - when, curiously, farming continued and the rich farmers contributed toward society.   Last year only 43% of agricultural sales was to farmers, the rest was sold to investors.

[Yagoda]

3 minutes ago, mrfill said:

They're still around and are not affected directly. Huge swathes of farmland have been purchased by people like James Dyson for tax dodging purposes. They will have no hesitation in increasing rents which will drive out a lot of proper farmers trying to earn a living. Nothing is being done about that but people are encouraged to weep for the richest 'farmers' paying a much reduced inheritance tax, in much the same way as they did between 1894 and 1984 - when, curiously, farming continued and the rich farmers contributed toward society.   Last year only 43% of agricultural sales was to farmers, the rest was sold to investors.

So Lord Frothingsloth and the Duchy of Brimsby-on-Faglick and his 40,000 acres pays more under this scheme?

[mrfill]

3 minutes ago, Yagoda said:

So Lord Frothingsloth and the Duchy of Brimsby-on-Faglick and his 40,000 acres pays more under this scheme?

Correct.

Tenant farmers don't pay a penny in IHT as they don't own the land.

Lord Frothy's estate will be expected to pay half the amount of IHT, payable interest free over 10 years. Currently they pay £0.

[Yagoda]

2 minutes ago, mrfill said:

Correct.

Tenant farmers don't pay a penny in IHT as they don't own the land.

Lord Frothy's estate will be expected to pay half the amount of IHT, payable interest free over 10 years. Currently they pay £0.

So to follow up, suppose Lord Frothingsloth has dissipated his inheritance buggering Billingsgate fish porters and losing at whist so he cant raise enough quid to pay HMRC, what becomes of the verdant estate that is the Duchy of Birsmby-0n-faglick? Sold at auction? In whole or part? Can the peasant..I mean tenants buy their allotment. Or does some rapacious Arab or Indian billionaire buy it up?

[mrfill]

15 minutes ago, Yagoda said:

So to follow up, suppose Lord Frothingsloth has dissipated his inheritance buggering Billingsgate fish porters and losing at whist so he cant raise enough quid to pay HMRC, what becomes of the verdant estate that is the Duchy of Birsmby-0n-faglick? Sold at auction? In whole or part? Can the peasant..I mean tenants buy their allotment. Or does some rapacious Arab or Indian billionaire buy it up?

The dear Lord wouldn't pay a penny. He has to die first. His inheritors get sent the bill and they settle it from the proceeds of the estate. I suppose they could sell one of their Caribbean islands or one of the Van Goghs if they don't have the cash - or sell a couple of the 40000 acres if they're really hard up.

[Yagoda]

1 minute ago, mrfill said:

The dear Lord wouldn't pay a penny. He has to die first. His inheritors get sent the bill and they settle it from the proceeds of the estate. I suppose they could sell one of their Caribbean islands or one of the Van Goghs if they don't have the cash - or sell a couple of the 40000 acres if they're really hard up.

So the young Duke Faglick, born of Lord Frothingsloth's only hetero encounter, that with a maiden from Whitechapel, is on the hook for the cash. OK, so is this only large landowners who are affected?

[Chomper Higgot]

It’s pretty obvious he’s trolling.