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Unstable 9
I'm 100% in favor of High level execs taking them - it's economics really - why pay the top guys Millions to waste time in airport terminals? But now Obama put a cap at $500,000/yr for FAILING execs, a salary like that does not justify a 10 million dollar ride.
Do you guys know how much it costs to integrate an X-box into a corporate jet? Handcut waterford Crystal bourbon flask? Oak trim and a full marble snack table? I'm all for corporate jets, but I can say from experience that a good # of these orders contain extremely high dollar luxuries which could be looked at....
rushmc 23
Quote
TheNewsTribune.com
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Stimulus encourages private jet purchases
DONNA BORAK AND DAVID KOENIG; The Associated Press
WASHINGTON – Just a few months after lawmakers scolded auto executives for flying to Washington in private jets, Congress approved a tax break in the stimulus package to help businesses buy their own planes.
The incentive – first used to help plane makers recover from the 2001 terror attacks – sharply reduces the upfront tax bill for companies who buy assets such as business planes.
The aviation industry, which is cutting jobs as it suffers from declining shipments and canceled orders, hopes the tax break in the economic stimulus bill just signed by President Barack Obama will persuade more companies to buy planes and snap a slump in general aviation that began last year.
“This is exactly the type of financial incentive that should be included in a stimulus bill,” said Rep. Todd Tiahrt, R-Kan., in an interview. His state lost at least 6,900 jobs at Cessna and Hawker Beechcraft, both based in Wichita.
Roughly 11,000 jobs have been cut in the last three months by the 65 or so member companies of the General Aviation Manufacturers Association.
The industry needs a stronger economy, not a tax break, to recover, according to aviation consultant Richard Aboulafia of the Teal Group in Fairfax, Va.
“People and companies buy jets when they need new planes and feel good about the economy,” he said.
“If they don’t feel good about things, a tax break isn’t going to help.”
Officials from industry trade groups disagree, saying a tax break will spur purchases.
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln
rehmwa 2
Quoteo you guys know how much it costs to integrate an X-box into a corporate jet? Handcut waterford Crystal bourbon flask? Oak trim and a full marble snack table? I'm all for corporate jets, but I can say from experience that a good # of these orders contain extremely high dollar luxuries which could be looked at....
each of these luxuries are a revenue stream for companies (small and big) that hire real people
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Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants
billvon 2,991
rehmwa 2
QuoteYep, and there's the rub. Our economy is driven by people buying far in excess of what they need. That drive both keeps our economy going and primes it for crashes such as the one we're seeing now.
Our economy should be driven by people buying what they need AND what they want. That's healthy.
Artifically supplementing people and businesses (via governmental wealth redistribution) to buy in excess of their normal purchasing "ability" primes the economy for the crash we are seeing now.
You submit that people should only buy what they need - and the idea that someone can choose for another what defines their needs - is just plain alien to me still. I consider another's purchases none of my business unless they are spending my money on it.
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Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants
Maybe these guys should have teleconferenced.
I love you, Shannon and Jim.
POPS 9708 , SCR 14706
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