Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Reputable sources indicate FD will not be attending the Monaco Yacht Show in September. However, you may wish to avoid London's Frieze Art Fair in October due to your concerns.
Seriously, I’ve been contemplating a special “yacht tax” to try and even the score. The widening wealth gap in the country is obscene.
Proposal: For every foot in length over 40’ their income tax should increase by 1%. So, somebody with a 70’ yacht would pay an additional 30% at tax time. Somebody with a 90’ yacht would pay an additional 50%. Sounds reasonable to me.
Those yachts use the public waterways and public port facilities, depend on police and Coast Guard for safety and protection. Unless solely under wind power, they consume more fuel, contributing to the greenhouse effect / global warming.
Comments
However, you may wish to avoid London's Frieze Art Fair in October due to your concerns.
Seriously, I’ve been contemplating a special “yacht tax” to try and even the score. The widening wealth gap in the country is obscene.
Proposal: For every foot in length over 40’ their income tax should increase by 1%. So, somebody with a 70’ yacht would pay an additional 30% at tax time. Somebody with a 90’ yacht would pay an additional 50%. Sounds reasonable to me.
Those yachts use the public waterways and public port facilities, depend on police and Coast Guard for safety and protection. Unless solely under wind power, they consume more fuel, contributing to the greenhouse effect / global warming.