Saturday, August 25, 2018

Why is South Africa outright confiscating land from White Farmers?

South Africa's Economic Freedom Fighters (EFF) leader Julius Malema (to the left)

Government can engage in a lot of shenanigans to hide their actions. Through taxes, regulations, and other less overt techniques, governments can promote all sort of behaviors.  

South Africa is currently focused on confiscating (without compensation) farms that are bigger than 25,000 acres. That is a big farm, about 38.5 square miles (roughly 100 square kilometers). I suspect the number of individuals owning farms that size in South Africa is relatively limited. I would also guess those farms are mostly wheat farms, cattle range, bush, and a lot of it is likely un-arable. Probably many of those farms are corporations.  

I am not promoting socialist "land reform" under the guise of tax and regulation (that is in many ways just as bad, just not as visible), but because it is politically hidden, that is typically how it is done.  The current government South Africa wants an open fight with these land owners. South African leaders such as Julius Malema are not about boring social change by manipulating tax rates or regulations over a certain farm size--it is about action.  

Land rich (I suspect not all of them are as wealthy as you might think) white farmers in South Africa are an easy target for Julius Malema and his supporters (as a start). So what if the ripple effect is a crashing of the South African economy? So what if South Africa ends up going down a path like Zimbabwe?  You can be sure that if South Africa's economy falls apart, leaders like Julius Malema will do well (at least while they are in power).

Lem's Place: Trump's Ways

ZeroHedge: Oh wait, let's take all the guns first...

Don Surber: So what got South Africa to back down?

No comments:

Post a Comment

I welcome all legitimate comments. Keep it civil. Spam will be deleted. Thanks.