Just Billionaire Things
— What extreme wealth costs everyone else — the excess, the extraction, and the harmPrivate jets make up 16 percent of FAA flight traffic but pay less than 0.6 percent of the taxes funding the system. A new report finds a 10 percent luxury tax could have raised $3 billion in 2025, even as fractional ownership jumped 65 percent since 2019.
— via Institute for Policy Studies, oliviaalperstein
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