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Fox News Tells 'Corporate Jet Owners Are The Real Victims' Side of Story

3
KingKenrod7/04/2011 12:34:12 pm PDT

The Fox article doesn’t say anything about the rich being victims - Wonkette’s reading comprehension has never been very good.

The Fox article points out - as has been shown many times in the past - that taxes on luxury items inevitably hurt the manufacturers more than the rich while not raising much revenue in the process.

For instance, the luxury taxes on yachts about 20 years ago:

http://www.nytimes.com/1992/02/07/business/falling-tax-would-lift-all-yachts.html