old marine wrote:
In my 217 year ancesters history there has never been a single cent borrowed or a lein on any of our property. And never will. I do not trust banks with my money.
I don't invest my assets in the Stock market or pie-in-the-sky scam. I only invest in the one thing God isn't making any more of. Land. I now own with the new 510 acres a total of 3,070 acres of my tree farm.
God has blessed my family for years.
๐บ๐ธ God bless America and President Trump.
That's a big farm I grow trees on 105 acres but we're not allowed to cut most them down, almost not allowed to cut any of them down without council approval, but if I did cut them down there would be a lot of valuable timber, Ironbark, Turpentine and Stringybarks are the best ones but we got Bloodwood and Messmate too, with various other Eucalypts.
Actually no one species became dominant in Australia, forests evolved with lots of different trees coexisting all mixed up together, there are 900 seperatily identified species of eucalypts with no single tree type forests like overseas, maybe karri forests in Western Australia but in general it's a bit of a mystery why it happened that one species in a district didn't become dominant.
God didn't bless my family but He sure blesses me and my son now, that's what I'm saying up until I was 29 years old there were death duties payable on property owned by the deceased person, that sounds bad but without death duties family estates will just continue to expand, until eventually, property will become very expensive and the ability to acquire it will be continually eroded.
Australia was the first wealthy nation to do away with deceased estate tax, I don't know for sure if the Hindu Caste system started because there was zero death duties payable but I suspect it did.
Not that there could ever be death duties legislated in Australia again unless it was a Federal issue, death duties were always a State Tax, until 1977 when Queensland abolished them, so naturally elderly people began selling up in other States and buying property in Queensland until death duties had to be done away with altogether.
Inheritance tax still applies in a very limited form in some Australian situations as a Capital gains tax but it could easily be reintroduced as a blanket Federal tax in that format, which would be a levelling of the playing field producing more equal opportunities for new generations of Australians in my opinion.