Re: Question about President's Social Security plan

royls_at_telus.net
Date: 01/17/05 

Date: Mon, 17 Jan 2005 19:20:50 GMT

On Mon, 17 Jan 2005 03:19:38 GMT, Les Cargill <lNOcargill@cfl.Arr.com>
wrote:

>royls@telus.net wrote:
><snip>
>>>Spend a zillion dollars on an aircraft
>>>carrier and you provide some jobs while she is being built aftwer which she is
>>>a drain on the economy returning nothing. Spend the same on a fleet of
>>>freighters or ocean liners or cruise ships -- or Lear jets -- and you provide
>>>jobs and income generation for the life of those vessels.
>>
>> Garbage. Freighters, OK, they are transporting goods. Cruise ships
>> are productive capital for the entertainment/hospitality/tourism
>> industry. But private jets are a pretty much pure consumption item, a
>> status symbol that provides no more return on investment than typical
>> military expenditures.
>
>There exist people for whom private jets are more
>sensible than flying coach. For some people, the
>time spent waiting for flights can be a very real
>sunk cost over and above their time. Blackberries
>and cellphones help, but are not the whole story.

I agree there are a handful of cases where private jets make economic
sense, but they are overwhelmingly just luxury status symbols.

-- Roy L

Relevant Pages

  • Re: Question about Presidents Social Security plan
    ... >> industry. ... But private jets are a pretty much pure consumption item, ... >There exist people for whom private jets are more ... >time spent waiting for flights can be a very real ...
    (sci.econ)
  • Re: Auto bailout (was Re: Y&R Thursday - The Will is Revealed)
    ... line for this media claptrap. ... fly private jets, employed by the auto industry and ancillary ... other nations to control an entire industry. ... I am concerned about the workers, mechanics at local dealerships, etc. who will suffer the most if these companies go bankrupt. ...
    (rec.arts.tv.soaps.cbs)
  • OT: Auto bailout (was Re: Y&R Thursday - The Will is Revealed)
    ... Powerful media demagogues have told us about the "private jets", ... fly private jets, employed by the auto industry and ancillary ... other nations to control an entire industry. ... devastating impact as losing GM or Chrysler. ...
    (rec.arts.tv.soaps.cbs)