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Author Topic: US Land Worth 23 Trillion  (Read 1171 times)
Palumboism
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« on: April 22, 2015, 10:38:06 AM »

Quote
some interesting findings:

The federal government owns 24% of all land, worth a collective $1.8 trillion. (That’s 8% of the country’s total value, or around 10% of the total outstanding federal debt.)
   
Just 5.8% of U.S. land is developed, but that land accounts for 50.7% of the total value.
   
Almost half, 47%, of U.S. land is used for agriculture.
   
Besides New Jersey, three other states have land worth an average of at least $100,000 an acre: Rhode Island, Connecticut and Massachusetts. At least a quarter of the land in those four states is developed.
   
Land in 24 states, including Wisconsin, Texas and Maine, is worth less than $10,000 an acre, on average.
   
In Nebraska, 92.7% of land is used for agriculture, the most of any state.
   
Nevada has the largest share of federal land, covering 86.8% of the state. Connecticut has the least, just 0.1% of the state’s area.
   
Land in the nation’s capital is worth $1.05 million an acre and 18% of land in Washington, D.C., is owned by the federal government.

http://blogs.wsj.com/economics/2015/04/22/how-much-is-the-u-s-worth-economist-values-the-land-alone-at-23-trillion/

The Italian lifter, land in Wyoming is just $1,558 per acre.  Cheesy
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Overload
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« Reply #1 on: April 22, 2015, 10:47:10 AM »

mELTDOWN.


Cool
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The Italian Lifter
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« Reply #2 on: April 22, 2015, 10:57:46 AM »


wow  Shocked
for just 10.000 euros you can buy almost 28.000 square meters of land!
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« Reply #3 on: April 22, 2015, 11:04:22 AM »

Unfunded debt liability is $100T+. We literally couldn't sell our way out of debt now. The only rational answer left is war.
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Mr Anabolic
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« Reply #4 on: April 22, 2015, 03:20:20 PM »

Don't kid yourselves, the US government owns ALL the land... you only lease it.

Try not paying real estate taxes and see what happens.

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El Diablo Blanco
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« Reply #5 on: April 22, 2015, 03:25:39 PM »

Ted Turner is the largest private land owner in the USA.
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Palumboism
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« Reply #6 on: April 22, 2015, 07:23:34 PM »

Ted Turner is the largest private land owner in the USA.


John Malone is 1, with (2.2 million Acres), Ted Turner is 2.

http://www.businessinsider.com/biggest-private-landowners-2013-10#1-john-malone-owns-22-million-acres-25




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calfzilla
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« Reply #7 on: April 22, 2015, 07:29:12 PM »

wow  Shocked
for just 10.000 euros you can buy almost 28.000 square meters of land!

Americans don't do meters. Yards or acres  Cool
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Palumboism
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« Reply #8 on: April 22, 2015, 08:36:03 PM »

Why does the federal government need so much land?

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« Reply #9 on: April 22, 2015, 09:52:54 PM »

Unfunded debt liability is $100T+. We literally couldn't sell our way out of debt now. The only rational answer left is war.

It's ok because the economy is great and we don't have to pay back the printed money or payback the loans.
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El Diablo Blanco
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« Reply #10 on: April 23, 2015, 07:11:43 AM »

Why does the federal government need so much land?



Strategic military bases, but most of the fed land is in the west where the mountain ranges run which they own.  Also major water sources for the west.
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Palumboism
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« Reply #11 on: April 23, 2015, 08:34:33 AM »

Strategic military bases, but most of the fed land is in the west where the mountain ranges run which they own.  Also major water sources for the west.

It just seems like some of this land could be sold to pay down the debt or pay for rebuilding America's dilapidated roads and bridges.
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The Abdominal Snoman
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« Reply #12 on: April 23, 2015, 01:42:10 PM »


Anyone know the amount of taxes these two guys pay for all that land?
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Palumboism
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« Reply #13 on: April 23, 2015, 06:23:04 PM »

Anyone know the amount of taxes these two guys pay for all that land?

Quote
Media mogul Ted Turner has won his fight against Taos County, getting a big break on property taxes. Turner owns the 600,000 acre Vermejo Ranch on the New Mexico/Colorado border.

More than 30,000 acres of that sits in Taos County and was valued at $17.7 million by the assessors’ office. The taxes on that is $108,000 a year.

However, the value was challenged arguing that the ranch should be classified as agricultural land because it’s used for logging and raising bison, dropping the annual taxes to $17,000 a year.


http://krqe.com/2015/02/09/ted-turner-wins-battle-over-ranch/


He basically claims all of his properties are used for agriculture to get a lower property tax.  If all of his properties were tax at this same rate he would only be paying one million a year.  Not counting any farm subsidies he was receiving from the government.


Quote
The report also says millionaires Jon Bon Jovi, Bruce Springsteen and Ted Turner have collected farm subsidies.

“These individuals include Scottie Pippen and Ted Turner, respectively. Millionaires also receive state tax breaks on farm land. For example, Jon Bon Jovi paid property taxes of only $100 last year on his extensive real estate holdings in New Jersey that he uses to raise bees. At the same time, Bruce Springsteen received farm subsidies because he leases his property to an organic farmer,” the report explains.

http://www.outsidethebeltway.com/who-knew-bruce-springsteen-was-a-farmer-hes-not-but-he-gets-farm-subsidies/
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El Diablo Blanco
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« Reply #14 on: April 24, 2015, 07:16:43 AM »


http://krqe.com/2015/02/09/ted-turner-wins-battle-over-ranch/


He basically claims all of his properties are used for agriculture to get a lower property tax.  If all of his properties were tax at this same rate he would only be paying one million a year.  Not counting any farm subsidies he was receiving from the government.


http://www.outsidethebeltway.com/who-knew-bruce-springsteen-was-a-farmer-hes-not-but-he-gets-farm-subsidies/

This is common with the rich.  In texas all sorts of athletes own huge properties.  They buy a cow and a pig and declare their land as farms.  Not only do they not pay taxes but they get subsidies from the gov for being a farm.  Fucking crooks.
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Voice of Doom
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« Reply #15 on: April 24, 2015, 07:33:32 AM »

Unfunded debt liability is $100T+. We literally couldn't sell our way out of debt now. The only rational answer left is war.
We can also default or inflate our debt away.
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El Diablo Blanco
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« Reply #16 on: April 24, 2015, 07:44:18 AM »

We can also default or inflate our debt away.

Who are we truly indebted to?  The Federal Reserve?  The government can change all of that if we had a congress not owned by the FR
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