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Old 01-24-2018, 10:44 PM   #3664
xoxoxoBruce
The future is unwritten
 
Join Date: Oct 2002
Posts: 71,105
This NY Times article about a guy from New Jersey who is selling private jets from his store in London. Kind of long but I found it s fascinating look at dealing with the top 0.0001%.
Quote:
The fact that the administration backed a tax-reform plan that enshrines an exemption for private-jet owners has only confirmed for its critics their sense that Trump’s party cares inordinately for the well-being of the 1 percent. This is not the case; this solicitousness is rather more accurately geared toward the 1 percent of the 1 percent of the 1 percent. There are only around 22,000 private jets in use worldwide, and even a majority of these are simple minivan-size craft and other puddle-jumpers, commonly flown by hobbyist pilots; they would strike most observers as less luxurious than alarming. The number of truly elite planes is just 7,000, give or take, in the divisions that the industry calls “super midsize,” “large-cabin” and “heavy” or “bizliner.” Often they are technically owned by governments, large corporations and offshore shell companies, though irrespective of paper tenancy almost all of them are ultimately operated for, and exchanged among, a globalized confraternity of individual potentates: a commingled class of plutocrats, kleptocrats, oligarchs, financiers, technologists, real-estate and natural-resource barons and blue-chip celebrities. Imagine, if you will, in the unbreathably thin, cloudless, low-pressure air high above your head, our modern royalty aloft on their way to Davos, making enviable time.
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