Joe Farmer shouldn’t have to spend a fortune on accountants and lawyers to preserve the assets they’ve managed to accumulate through a lifetime of hard work.
Have a friend with family land, he is land rich and cash poor. In assets he is one of the wealthies men in town. Of couse his land was put into farm land and tree growth so he cannot sell any of it without incurring a huge loss. He had to pput the land into a special trust in order to passs it on to his kids. Eventully someone in his line will deed it to the state. That is one of the ways that the govenment is scooping up land. Locking it up and making it expensive to pay taxes on.
Most Americans don't seem to understand that the secret ingredient of capitalism is capital. And land [farms] is capital.
Australia and Europe do understand that. They can get away with confiscatory income taxes [not that I approve of high income tax rates] because they don't tax capital like we do. Citizens are encouraged to increase their wealth and reduce their consumption.
Capital accumulation is what leads to more employment and higher wages.
That's become a foreign concept in America.