Yah, kulaks: During the Russian Revolution, the label kulak was used to chastise peasants who withheld grain from the Bolsheviks.[2] According to Marxist–Leninist political theories of the early 20th century, the kulaks were considered the class enemies of the poorer peasants.
So those "rich" farmers will PAY!!
...In the American Families Plan introduced earlier this year, Biden proposed repealing the “step-up in basis” in tax law. The stepped-up basis is a tax provision that allows an heir to report the value of an asset at the time of inheriting it, essentially not paying gains taxes on how much the assets increased in value during the lifetime of the deceased. This allows heirs to avoid gains taxes altogether if they sell the inheritance immediately.
Under Biden's change, heirs would be forced to pay taxes on the appreciation of the assets, potentially over the entire lifetime of the recently deceased relative....
Dad purchased the land for $100/acre in 1980, now it's worth $300/acre. If Junior inherits the place, he pays the cap-gain tax on $200/acre--meaning he will probably have to sell the farm to pay the taxes.
That's just fine with Friend of Biden* Bill Gates, of course.
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