Frank and Ernest by Thaves for January 22, 2011
January 21, 2011
January 23, 2011
Transcript:
Frank says, "A rising tide lifts all boats!" Ernest says, "That's a nice way of saying 'sink or swim'!"
Hey feel sorry for the people who buy, build or sell “mega-yachts.” You know the 150 to 300 foot yachts with helipads and several smaller boats used as launches that cost more than most make in a year. There was an article in the NY Times today about how the mega-yacht business “sank” (snicker) from an annual rate of 300 boats in the mid-1990s to about 100 boats a year after the 2008 financial collapse. The story told about an the owner of a private investment firm trying to unload a 134-foot Lürssen built in 1995 and a 161-foot Trinity yacht launched in 2009.
I felt so sorry for these people that I regret ever thinking that they shouldn’t get income tax breaks.