What extreme wealth costs everyone else — the excess, the extraction, and the harm
EX
Excess & Spectacle
New Report “High Flyers 2026” Reveals How Private Jets Costs Taxpayers and the Planet
Private 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