North America, west coast, somewhere in a valley full of streams, towns, roads, and farms. But is it a farm?
Friend says to me. They grow the hay and sell it just to cover cost of property tax, and to file as a farm. In other words just to own and sometimes buy more. Like a wealth reserve, a private real-estate commodity. Sure there are exceptions, hay for dairy cows, mules, horses. Never the less.
If this is correct, this is no different than a feudal monopoly strategy ‘princelings’ and dynasties have been operating even in 1500s like. A literal monopoly on land, all land, every excess inch of land. No birds, no fox, no deer or rivers or fish just grass. Dead fucking grass to feed into a tax loophole document in a box.
Vast unproductive land monopolies. In my western democracy? In 2023? Its more likely than you think.
Good post.