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Private Jets

The ‘Big Beautiful Bill’ Would Subsidize The Billionaire Private Jet Class

July 3, 2025 Chuck Collins, Inequality.org. , , , , ,
The private jet lobby is pushing hard for a massive tax break for billionaires and centi-millionaires that use the most polluting form of transportation on the planet. Legislation rapidly moving through Congress, the so-called “Big Beautiful Bill” — really a Big Ugly Grift (BUG) — includes a massive tax subsidy for private jet buyers. Instead of corporations deducting the purchase of their jets over several years of their useful life, the BUG includes 100 percent “bonus depreciation” in the year of purchase. For example, a corporation purchasing a $50 million private jet could potentially deduct the entire $50 million from their taxes in the year of the purchase, rather than spreading the deduction over many years. This amounts to a massive taxpayer subsidy, as ordinary taxpayers pick up the tab for the private jet industry and billionaire high flyers.

Climate Resistance Disrupted Luxury Lifestyle Event

May 21, 2025 The Canary. , , ,
Climate Resistance infiltrated luxury lifestyle event ‘The Elite London’ at Wycombe Air Park near London on Saturday 17 May. Activists disrupted the showcase of private jets, yachts, and hypercars, with banners and chants. Sitting in the centre of ‘Fly Before You Buy’ private jets fair at The Elite London, the protesters chanted to abolish billionaires. They did so until security physically removed them from the event. ‘The Elite London’ is an annual showcase of 150 ‘jet-set lifestyle’ brands, united by their high cost, from private aircrafts and luxury cars, to boutique properties and high-end travel. The event invited attendees to arrive by plane, or fly from London to Wycombe by helicopter.
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