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(Billings Gazette)   Acre by acre, two billionaire brothers are quietly buying up the state of Montana   (billingsgazette.com ) divider line
    More: Interesting, Golden Valley, wildlife management, brothers  
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35772 clicks; posted to Main » on 16 Dec 2012 at 4:51 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2012-12-16 05:41:09 PM  
7 votes:

leevis: The nerve of those rich people, paying most of the taxes in this country. Somebody should do something.


The reason the rich are paying such a large percentage of the tax is because the middle class is shrinking. Why is the middle class shrinking while corporate profits are through the roof? Because when the rich get this rich, the middle class suffers.

Solutions? Remove corporate tax loopholes that let massive corporations like GE pay ZERO tax, and Microsoft, Google, and Apple send most of their profits overseas.

ALL income needs to be taxed as what it is, income. No special rate of tax for ""carried interest", capital gains or dividends. It's all money, it all spends, it's all income. It should all be taxed as income.

We could also do with a few more tax brackets. The very top personal income tax bracket starts (iirc) at around $380k. We need a million dollar and up bracket, a ten million and up bracket, a 100 million and up bracket, and a billion dollar and up bracket. Even if it just added a point or two at each level, it would be hugely beneficial.
2012-12-16 04:57:58 PM  
5 votes:
Welcome to the 1%. While you are evicted and starving, they are feeding off the fat of the land.
Time for a goddam revolution.
2012-12-16 04:30:47 PM  
5 votes:
Whatever. Billionaires, regardless of "old money" or "new money" got to be where they are on the backs of others.
Then they find out how to pay zero taxes, leaving the average person to bear the load.
Fark 'em.
2012-12-16 05:14:51 PM  
4 votes:

Ron Mexico's Revenge: sminkypinky: Time for a goddam revolution.

To stop people from buying land that is for sale?


Well I guess that they could just take it out of the bank and buy a bunch of wheelbarrows full of gold and hoard it in a vault somewhere offshore but that's not going to help anyone here. By buying land here they're going to paying taxes not only on the purchase but on the land itself on a yearly basis through property taxes.

I find it funny that people like that complain when "The Rich" move money offshore to avoid paying their fair share of taxes and also complain when they use their money to buy something that can never be moved offshore. They have a serious case of class envy and should be ignored because of that.
2012-12-16 05:13:03 PM  
4 votes:
It's obvious. They're trying to corner the dental floss market.
2012-12-16 04:58:03 PM  
4 votes:

Apos: Is it part of some nefarious scheme to outsource the entire state to China? No? Then what's the problem?


The problem is that some low-level journalist is trying to make a career for himself by turning a non-issue into a major breaking scandal. People buying land? I am shocked and appalled!
2012-12-16 05:30:10 PM  
3 votes:

sminkypinky: Did you ever stop to wonder why they have billions, and the US is in trillions of debt and the population is living thru a Depression?


Because the government doesn't know how to stop spending money.

sminkypinky: Welcome to the 1%. While you are evicted and starving, they are feeding off the fat of the land.
Time for a goddam revolution.


The nerve of those rich people, paying most of the taxes in this country. Somebody should do something.
2012-12-16 05:26:23 PM  
3 votes:
Did you ever stop to wonder why they have billions, and the US is in trillions of debt and the population is living thru a Depression?
2012-12-16 05:15:48 PM  
3 votes:
What the frack are they going to do with all that land?
2012-12-16 05:08:16 PM  
3 votes:

sminkypinky: Welcome to the 1%. While you are evicted and starving, they are feeding off the fat of the land.
Time for a goddam revolution.


Lol. How dare these guys use the money they earned to buy land from other rich guys in arms
Length transactions!! Outrage!
2012-12-16 05:26:33 PM  
2 votes:
But Lowry, the Wilkses' neighbor at the N Bar, has no problem with the many land acquisitions by his new neighbors and sees the brothers as more friendly and open than the previous owner.

"I figured that was their business," he said of the land buys and rumors of fracking plans. "If they're buying up land, they can do what they want with it."


I wish more people had that kind of attitude.
2012-12-16 05:21:54 PM  
2 votes:
www.yuchtar.com

Would also have liked to have bought Montana.
2012-12-16 05:07:51 PM  
2 votes:

sminkypinky: Time for a goddam revolution.


To stop people from buying land that is for sale?
2012-12-16 04:56:24 PM  
2 votes:
Ah, the good old upward redistribution of wealth.
2012-12-16 04:30:13 PM  
2 votes:
Is it part of some nefarious scheme to outsource the entire state to China? No? Then what's the problem?
2012-12-16 04:04:14 PM  
2 votes:
OMGZ people with money buying LAND

STOP THE PRESSES
2012-12-16 10:33:26 PM  
1 vote:

sminkypinky: Welcome to the 1%. While you are evicted and starving, they are feeding off the fat of the land.
Time for a goddam revolution.


OMG! OMG! OMG! Look what they HAVE, man! They shouldn't HAVE that; we don't HAVE that!
2012-12-16 10:14:02 PM  
1 vote:

p51d007: Big whoop! Do you even realize how BIG Montana is?
431 acres in a DROP in the bucket for that state. Notice how 431 acres is
the same size as Lorain, Ohio? Look on the map below. 431 acres is NOTHING.
This is just like the anti everything enviro-nuts saying "oh we can drill in Alaska...
that's thousands of square miles" LOL!

[i16.photobucket.com image 600x358]


Haha. acres.
2012-12-16 10:05:35 PM  
1 vote:
Big whoop! Do you even realize how BIG Montana is?
431 acres in a DROP in the bucket for that state. Notice how 431 acres is
the same size as Lorain, Ohio? Look on the map below. 431 acres is NOTHING.
This is just like the anti everything enviro-nuts saying "oh we can drill in Alaska...
that's thousands of square miles" LOL!

i16.photobucket.com
2012-12-16 09:53:41 PM  
1 vote:

Valiente: germ78: Ah, the good old upward redistribution of wealth.

The American Dream is convincing chumps that there is an American Dream.

Eat more baked goods!


Considering that until 1996 they were working in in their fathers masonry business laying bricks I'd have to say that not only did you not RTFA but that your premise is seriously flawed.

/and that you sound fat
2012-12-16 09:52:12 PM  
1 vote:

urban.derelict: have fun payin' taxes on all that land, year after year after year


Those pricks will pay less property tax on all that land put together than I do on my 10 acres because of Montana's retarded taxing laws: since Montana isn't their primary place of residence they pay a fraction of what those of who LIVE and WORK here pay on our land.
2012-12-16 09:42:03 PM  
1 vote:

germ78: Ah, the good old upward redistribution of wealth.


The American Dream is convincing chumps that there is an American Dream.

Eat more baked goods!
2012-12-16 09:24:46 PM  
1 vote:
Yeah? So what?
2012-12-16 09:05:10 PM  
1 vote:
cdn2-b.examiner.com

/hot
2012-12-16 08:29:46 PM  
1 vote:

Enigmamf: LargeCanine: But Lowry, the Wilkses' neighbor at the N Bar, has no problem with the many land acquisitions by his new neighbors and sees the brothers as more friendly and open than the previous owner.

"I figured that was their business," he said of the land buys and rumors of fracking plans. "If they're buying up land, they can do what they want with it."

I wish more people had that kind of attitude.

His tune will change if he starts to suffer ill consequences of his neighbor's activities.


This! The REAL ranchers of ND have all gone belly up because the fracking on adjacent land has poisoned their water and there's not a farking thing they can do about it. Contrary to popular belief, groundwater is NOT a renewable resource.

/I'm a hydrologist
//lives in Montana
///news like this scares the crap out of me: already dealing with idiot trust fund kid neighbors who don't know shiat about being managing land and lease theirs out to someone who puts 70 cows on 7 acres with no food or water
////get off my lawn
2012-12-16 08:22:25 PM  
1 vote:

bearded clamorer: It's obvious. They're trying to corner the dental floss market.


They'll need some...
i.imm.io
2012-12-16 08:09:16 PM  
1 vote:

LargeCanine: But Lowry, the Wilkses' neighbor at the N Bar, has no problem with the many land acquisitions by his new neighbors and sees the brothers as more friendly and open than the previous owner.

"I figured that was their business," he said of the land buys and rumors of fracking plans. "If they're buying up land, they can do what they want with it."

I wish more people had that kind of attitude.


People like that tend to change their minds once they discover that their previously good tap water can now be set on fire due to the contaminants that are introduced by hydraulic fracturing.
2012-12-16 07:56:00 PM  
1 vote:

noazark: ... with the exception of a small strangely-shaped portion of the map, in front of which their underling constantly stands.

[yafh.com image 382x225]


What cartoon/movie is that from?
2012-12-16 07:38:16 PM  
1 vote:
'Twould be hilarious if after buying all that land, they can't do a damned thing with it 'cause they don't own the mineral rights to that land. In Montana, those are two separate deeds (maybe most everywhere else as well, for all I know).

My great-grandfather's old ranch in Montana was sold and resold many times over the decades, but I still own (inherited) the mineral rights to it.

/"Drill, baby, drill", but only on that patch of acreage. Keep the rest of Montana beautiful.
2012-12-16 07:37:40 PM  
1 vote:
Good people, them frackers.
Need to buy some clean land for yourself after you're done destroying the rest of it.
2012-12-16 07:37:11 PM  
1 vote:

RandomRandom: We need a million dollar and up bracket, a ten million and up bracket, a 100 million and up bracket, and a billion dollar and up bracket. Even if it just added a point or two at each level, it would be hugely beneficial


No, we need to tax every dollar every time it changes hands - no exceptions, no loopholes. Then when the gov't wants to engage in social engineering, they should do it directly, by grants, publicly. Then we would see change, because the people would revolt. Waitin' for it to happen.

/will be waitin' a loooong time.
2012-12-16 07:08:01 PM  
1 vote:
img811.imageshack.us

Right wing extremists. They just think they own it.
2012-12-16 07:06:30 PM  
1 vote:

Spiralmonkey: Mark Galvan: What the frack are they going to do with all that land?

My first thought too.



So check the public records for mineral rights associated with the land purchase.
2012-12-16 06:44:40 PM  
1 vote:
These threads are always great for reminding me that irrational hatred of rich people by a large group of Americans isn't completely a strawman.
2012-12-16 06:28:21 PM  
1 vote:

sminkypinky: Welcome to the 1%. While you are evicted and starving, they are feeding off the fat of the land.
Time for a goddam revolution.


YEA!

Oh, wait, I'm not evicted nor starving. Back to the football game.

Go Steelers!
2012-12-16 06:18:26 PM  
1 vote:

nanim: What is the property tax rate on undeveloped (or ranch land) in those areas?

/If their property tax rate is '0', then there's a problem...


North Dakota voters recently voted to retain their property taxes. The reason there was doubt is because the state is fairly swimming in oil and gas tax revenues. Oil and gas revenues that exist solely because of the technology championed and financed by the brothers. Which is to say, they are responsible for much of North Dakota's tax revenue before they pay the first dollar in property taxes.
2012-12-16 06:13:15 PM  
1 vote:
Hmm... I read it as two bright oil guys who realize that, thanks to the global warming resulting from burning the oil their fortunes have been built on, their native Texas will be all dessert soon. They are buying cheap land further north in the new Texas. I'm thinking of beating the rush and buying in the NWT.
2012-12-16 06:05:28 PM  
1 vote:

Mike Chewbacca: ladyfortuna: It's very very vacant land, other than cows and hamlets. But it's also beautiful country as long as you're not down to your last gallon of gas and desperately searching for a station (no this did not happen to us, but it could have easily).

I was moving from DC to Seattle and driving through Nowhere, Montana when my brother called to say our father had died. I pulled over to the side of the freeway and wept, and then got back on the road because what else was I going to do? An hour later a tire on the trailer blew out. We had no cell phone reception and were in the middle of ranch country. We drove slowly for 30 miles before we hit a widening of the road. Two good ol' boys were able to jack the trailer up (they were used to working with heavy tractors) and got the tire switched out in 45 minutes.

Worst farking day of my life.


My condolences on both. Glad some locals helped you out though; I do find rural residents are usually quicker to stop and offer help than in cities.
2012-12-16 06:01:45 PM  
1 vote:
What is the property tax rate on undeveloped (or ranch land) in those areas?

/If their property tax rate is '0', then there's a problem...
ZAZ [TotalFark]
2012-12-16 05:56:47 PM  
1 vote:
That's 431 square miles, more than half the size of Silver Bow County.

That's 0.4 Rhode Islands.
2012-12-16 05:50:30 PM  
1 vote:

Mark Galvan: What the frack are they going to do with all that land?


Fracking may indeed be what they are planning to do.
2012-12-16 05:47:44 PM  
1 vote:

RandomRandom: Microsoft, Google, and Apple send most of their profits overseas.


Which is a huge part of the problem, actually. Thing is, your government winds up spending most of the money it handles domestically, which is a net positive for the economy. As do the middle class, who tend to live month to month. Again, that's a net positive for an economy.

But what your country is _really_ suffering over is the relative lack of manufacturing and the manufacturing jobs that leads to. _That_'s where value gets added, and where the economic growth is.
2012-12-16 05:36:16 PM  
1 vote:

Sarah Jessica Farker: wasn't this part of the plot of the first Christopher Reeve Superman movie?


Otisburg?

OTISBURG?!?!?!?!?
2012-12-16 05:36:09 PM  
1 vote:
as long as they are fracking their own land and poisoning their own water who cares. yeah the land will lie fallow for a generation or two but it's not like there are lots of folks lined up to use it anyway.
2012-12-16 05:32:39 PM  
1 vote:
Every time someone cries "overcrowding", I point to Montana. It's slightly bigger than Finland, and has less than 800,000 people (Finland has 5.2 million). We also have the Dakota's, Wyoming and other states that are barely tapped.

Everybody just needs to spread the fark out.
2012-12-16 05:31:47 PM  
1 vote:

leevis: sminkypinky: Did you ever stop to wonder why they have billions, and the US is in trillions of debt and the population is living thru a Depression?

Because the government doesn't know how to stop spending money.


Do you know what happens when large segments of everybody stops spending money?
2012-12-16 05:31:41 PM  
1 vote:
these guys will be able to survive in a post-apocalyptic world. huge tracts of land teeming with fish and cattle; isolated, low-population location; skilled in fishing and ranching; own lots of guns.
2012-12-16 05:27:36 PM  
1 vote:
These guys?

ffbsccn.files.wordpress.com

/dnrtfa
2012-12-16 05:23:09 PM  
1 vote:

d23: They will be whining about property tax next. You heard it here first, folks.


The only people who get tax breaks on their property taxes are those who negotiate a deal when they are building thing like factories, malls or some other job and\or tax generating venue where they will be making more money for the county\state than what the land sitting as is would have. Usually it's a good deal for everyone involved.
2012-12-16 05:22:52 PM  
1 vote:
Did you all miss the part where they own a hydro-fracking company?

I'm not entirely against *some* development in Montana, because driving through it last summer was pretty eery. It's very very vacant land, other than cows and hamlets. But it's also beautiful country as long as you're not down to your last gallon of gas and desperately searching for a station (no this did not happen to us, but it could have easily). A medium population/infrastructure boom wouldn't be too terrible, I just hope they're not planning to turn it all into an oilfield =/
2012-12-16 05:19:23 PM  
1 vote:

Radioactive Ass: I find it funny that people like that complain when "The Rich" move money offshore to avoid paying their fair share of taxes and also complain when they use their money to buy something that can never be moved offshore.


Not only that, but they pay a bunch of taxes on it and don't really need any services so it's quite a bargain for everyone else. You would also think they would be happy that someone is buying land and paying all kinds of transfer fees and taxes to the local/county government.
2012-12-16 05:18:58 PM  
1 vote:

unlikely: OMGZ people with money buying LAND

STOP THE PRESSES


It does make a difference to the definition of democracy Land ownership is a serious issue and fundamental to civil rights. If you don't understand why, then you probably do not have much business having an opinion about anything in politics, I am sad to say.
2012-12-16 05:13:43 PM  
1 vote:
the only reason to have a lot of money is to help in acquiring access to
shirtoid.com
2012-12-16 05:07:44 PM  
1 vote:

EVERYBODY PANIC: Apos: Is it part of some nefarious scheme to outsource the entire state to China? No? Then what's the problem?

The problem is that some low-level journalist is trying to make a career for himself by turning a non-issue into a major breaking scandal. People buying land? I am shocked and appalled!


a whole .27% of the state!! Subby was told there'd be no math, apparently
2012-12-16 04:56:51 PM  
1 vote:
1) Buy up huge swaths of land and ranches
2)Wait for the railroad to build all though your property
3)PROFIT like it's the 1900's!
2012-12-16 04:32:10 PM  
1 vote:
Forgot this: Why is this greenlit??. Bah.
 
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