"The must-have model is the Gulfstream G700, which has seating for up to 19 passengers, 20 panoramic windows, a master bedroom with a shower, a range of 7,750 nautical miles, and a price tag of $80 million."
"Yachts range in size from super (100 to 200 feet) to mega (200 to 300) to giga (above 300), featuring amenities like swimming pools, Jacuzzis, saunas, gyms, movie theaters, and garages for jet skis."
"Hedge-fund billionaire Ray Dalio has not one but two submersibles, showcasing the extravagant lifestyle of the ultra-rich and their spending habits."
Support for wealth taxes is increasing, as seen in Bernie Sanders' recent event in the Bronx. However, significant opposition exists, particularly from wealthy individuals in California and Washington State, who are investing heavily to block such initiatives. Concerns about a mass exodus of the ultra-rich are prevalent, especially in New York City, where tax increases are proposed. The spending habits of the ultra-rich, including luxury items like private planes and yachts, raise questions about the impact of these taxes on their lifestyles.
Read at The Nation
Unable to calculate read time
Collection
[
|
...
]