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<blockquote data-quote="bankrupt" data-source="post: 7874698" data-attributes="member: 42770"><p>Always a problem when inflation kicks in, and it destroyed many good farm businesses in the 70s.</p><p></p><p>It's a double whammy - accountants tend to tell you you've made a good income (based on historic costs) and advise buying more machinery as a tax shelter.</p><p></p><p>In fact, treating inflationary gain as disposable income is no more than capital destruction by another name, as is excess machinery inventory. </p><p></p><p><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite95" alt=":oldman:" title="Old Man :oldman:" loading="lazy" data-shortname=":oldman:" /></p></blockquote><p></p>
[QUOTE="bankrupt, post: 7874698, member: 42770"] Always a problem when inflation kicks in, and it destroyed many good farm businesses in the 70s. It's a double whammy - accountants tend to tell you you've made a good income (based on historic costs) and advise buying more machinery as a tax shelter. In fact, treating inflationary gain as disposable income is no more than capital destruction by another name, as is excess machinery inventory. :oldman: [/QUOTE]
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