metaldwarf @ metaldwarf @lemmy.world Posts 0Comments 8Joined 1 mo. ago
We could do some absolutely amazing charters for the money we spend on the boat. It's something we have been talking about recently. The engines on the boat are 25 years old, if/when they die my dad wants to replace them to the tune of $40,000-$50,000. I'm trying to talk him into selling it and we plan a couple really nice fishing trips per year. I think one of the reasons he spends so much on it is that it's one of the only things we have in common. We only really spend time together on the boat.
Tomorrow 26.
The next day 27.
And so on
I make pretty good beer and pretty shit furniture.
I'm kinda one of them. Well my dad is. He's typical of the boat owners I've met over the years. Boomer, business owner, white. He bought the first boat with a buddy in their late 20s, cuz that's when he had enough disposable income after they could afford a house, a rental property, two kids, two cars, a dog and a golf course membership. They had a falling out and my dad bought out his buddy. Three or four boats later I look after the boat, and do all the maintenance. My dad's in his 70s, he can't take the boat out on his own anymore. We go fishing 5 or 6 times a year. Moorage is $6000 a year, fuel is $2000, insurance $3000, maintenance at least $2000. Maintenance would be 10x that if I didn't do most of the work myself.
Oooh I still have that. But it's better than it would have been.
Theatre changed my life. Mr K I love you
Billionaire wealth tax. No one needs a a net worth over 1B. Tax any amount over 1B. There is an easy solution to the "next dollar" over 1B while the owner remains in control. Value the shares each quarter. Any amount over 1B is converted from a common share worth $XXX to a preferred voting share with a par value of $1. The difference in value is treated as income or a capital gain and subject to tax. The owner retains their vote/control.