How a “Luxury Tax” Crashed the Boat Industry and Killed 25,000 Jobs скачать в хорошем качестве

How a “Luxury Tax” Crashed the Boat Industry and Killed 25,000 Jobs

In 1991, Congress passed a tax to make the rich pay more. Simple idea: if you can afford a $100,000 yacht, you can afford 10% extra. Within two years, 25,000 Americans lost their jobs. They weren't yacht owners — they were welders, carpenters, cleaners. The people who built the boats, not the people who bought them. The wealthy didn't pay the tax. They just stopped buying. Or bought overseas. Or waited it out. Meanwhile, Viking Yachts went from 1,500 employees to 80. This is the story of how a policy aimed at billionaires destroyed the working class — and why no one in Congress faced consequences. —————————— #boatindustry #luxurytax #vikingyachts #boatmanufacturing #americanmanufacturing #joblosses #marinetax #boatingindustry