Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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To: Wren who wrote (26921)	5/16/2001 11:53:01 PM
From: David R	Read Replies (1) of 27012

RE: I did infer that if owners have a business or farm ... it is better from a national viewpoint that the property be sold to someone who is a skilled operator and can cause the property to contribute more to the gross national product. Suppose that there is one family farm left in the heart of the Silicon valley, perhaps a 50 acre cherry farm. The land would be valued at $10M or more. In today's scenario, the farm would be sold to developers who would bulldoze the trees, and build cluster homes, condos, and strip malls. The family would have no choice but to sell. Now is this really the best outcome? This scenario is played out often when once rural areas are now suburban or metro. Also, since there are multiple heirs, the net proceeds per person are not that large. I suppose decent estate tax reform would solve the issue. But, I still assert that there is a difference when the value is locked up in a business or farm. There is extraordinary societal value in small profitable businesses and family farms that can not be found in GM or Archer-Midland (large corporate entities). The bottom line is not always the bottom line.

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