Taylor and Kim crisis.. A millionaire decides to sell his private jet and invites the rich to follow him
Amman Today
publish date 1970-01-01 03:00:00
Private planes emit at least 10 times more pollutants than commercial planes per passenger, which contributes disproportionately to the climate impact of the aviation sector, according to a report published in May 2023, and because of this there was a major attack and criticism of a number of celebrities who use their private planes to Nearby places like Taylor Swift and Kim Kardashian.
According to reports, nearly one out of every 6 flights operated by the FAA is private, so the sector contributes only 2% of the taxes that mainly fund the agency.
Amid these concerns, the owner of a private plane decided to reduce the size of these emissions, as Stephen Prince, vice president of the National Millionaires group that includes wealthy Americans pressing for higher taxes that was also included in the report, announced that he would give up his plane. Cessna 650 Citation III.
private jets
Prince owns a medium-sized and long-range corporate jet, which can accommodate about nine passengers, after he learned the carbon intensity contribution of private aviation compared to commercial aviation, and the American millionaire told:CNN“I was amazed at the fact that through the love of private air travel, I was willing to ignore what I was committing a terrible crime on the environment and future generations,” he continued, “I have to change.. I just can’t keep doing it.”
Prince owned about 6 private planes before a plane Citation IIIthe largest and most expensive in terms of operation that he now owns, as operating costs alone range between 275,000 and 300,000 dollars a year, and he explained that private flying is very good, and it becomes addictive..
He pointed out, “Private travel is the best way to travel at all, but I will give it up. I will just go back to commercial air travel, as much as I hate the mechanism of that after I traveled privately during the past six or seven years, from the Transportation Security Administration, long lines, and canceled flights.” , and lost luggage, I abhor everything that accompanies this type of flight, and when you travel first class, it is not cheap either, but I made my decision again in March of this year, and I am sticking to it, I will sell it, I will get rid of it quickly.
hit value Cessna Currently about a million dollars and in the current market you have to find a buyer very quickly, there is only one problem, Prince, an entrepreneur in the gift card and payments industry, may give up his plane, but he will not give up private air travel completely..
“I have a friend who will let me rent his smaller plane,” he says. “It’s a twin-turbo, burns about a quarter of the Cessna’s fuel, and I’ll use it two or three times a year to go to a pheasant hunting reserve in the northwest corner of Nebraska.”“He added that he would continue to convince other millionaires to give up their planes.
However, Prince believes that the wealthy in the United States should pay more in taxes. “I think all of us in American society don’t pay what we should,” he said.
He explained, “No one wants to pay taxes, and they have come up with all these explanations and reasons, but the real reason is that they are greedy, and I am too..we all are like that..but we all need to become members of the “we” society, not the “me” society.. If we are not concerned with the common good of all mankind, we live with a bad set of principles.”
The authors recommend a 10% sales tax on used aircraft and 5% on new ones, and call for a doubling of the federal jet fuel tax from $0.219 per gallon to $0.438 per gallon for the most frequent users of private jets..
For example, the report indicated that Elon Musk, one of the most active users of private jets in the United States, would pay an additional $3.94 million in taxes under these proposed terms..
The report’s authors calculate that he bought a new plane, made 171 flights (about one every two days), consumed more than 220,000 gallons of jet fuel, and caused 2,100 tons of carbon emissions in 2022, 132 times the average American’s emissions..
Chuck Collins, one of the report’s authors, said:CNN:: “Private jets are a reflection of growing inequality and the concentration of wealth and power in the hands of a very few.
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