Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (81570)	7/5/2018 3:47:42 PM
From: John Koligman	Read Replies (1) \| Respond to of 357072

C'mon Wharf, cut these rich dicks some slack, it can cost 500k just to fill the tank on their boats... <ggg> Megayacht sticker shock is only the beginning Ray Parisi, CNBC Director of Specials Published 3:01 PM ET Sun, 6 Oct 2013 Updated 6:45 AM ET Mon, 7 Oct 2013 CNBC.com How much does it cost to keep a mega-yacht afloat Mega-yachts and the cost of operating them 1:47 PM ET Fri, 4 Oct 2013 If you're a billionaire who enjoys superluxury cruising, you know Aalsmeer, Netherlands, because it's home to Feadship, a storied yacht builder that's been around for more than 100 years. Feadship's famous customers include Steve Jobs, Larry Ellison and other billionaires willing to shell out $40 million to $60 million for a yacht. (Read more: 8 towns where you would never expect to bump into a billionaire) But that sticker shock is just the beginning. The cost to keep these boats afloat is pretty mega, too, according to some yacht experts and owners. Docking fees can run $300 to $400 a day. Insurance fees can add up to $1 million a year. Food, beverage and flowers can set you back between $1 million and $3 million annually. And brace yourself at the fuel pump, as the words "fill'er up" can cost you around $500,000 for a single tank of gas! Total it and you're just keeping your head above water at about $5 million a year. Throw in some unscheduled maintenance and fit-for-a-billionaire security and you're adding millions more. That may explain the old adage, "The best two days of a boat owner's life are the day you buy a boat and the day you sell it."

To: Wharf Rat who wrote (81570)	7/5/2018 3:59:24 PM
From: bentway	Respond to of 357072

Wealth is really just a way of keeping score for those in that game. The smartest of us don't play it, Einstein and Hawking didn't pursue wealth. Since it IS largely only a matter of keeping score, where it goes shouldn't matter, taxes, buying islands, buying states, etc. Let's tax wealth!