Saturday, February 14, 2009

Corporate jets

Speaking of Corporate jets. I believe the Democrats are trying the best they can to create and protect jobs with their new legislation. Well, last week the Bankers and Corporate executives were told to get rid of their Corporate jets. Fine! Now, how about the pilots that fly them, the maintenance people who maintain them, the airports where they are based, and the people who build them. What happens to them? Reminds me of early on in the Clinton Administration when Congress passed a bill that imposed a luxury tax on Yachts to punish the "rich". Do you know what happened? The "rich" started buying their yachts overseas and the domestic yacht manufacturers closed their doors, went out of business, and took all those manufacturing jobs with them. Congress eventually repealed the tax.

There is a classic example of "class warfare". How did that tax improve the lives of average Americans? It didn't have any effect at all, but it did put a bunch of average Americans on the unemployment line!

No comments:

Post a Comment