Viking Yachts Jobs
Viking Yachts Jobs
Do you remember the last time we tried to tax the corporate jet owners?
In 1990 the US put a 10% tax on yachts, luxury airplanes, etc. Eight months later Viking Yachts, the largest US yacht builder, closed two plants and laid off 1,100 of its 1,400 workers. At one year, one-third of all US yacht builders had ceased production and 7,600 workers had lost their jobs. Before the tax was repealed, 25,000 workers had been laid off.
Why doesn’t Obama know this? Hmm…perhaps he does.
Every time they try to stick it to the rich they end up stabbing the poor.
January 1st, 2007 in
Boats