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Mon Nov 9, 2015, 10:35 AM

Yachts with helipads that have openings to release smaller yachts, boats, jet skis, whatever.

Amazing personal anecdote on reddit:

My parents used to live in the Virgin Islands, and the level of wealth that passes through there every day is just mind-boggling. Yachts with helipads that have openings to release smaller yachts, boats, jet skis, whatever. Dining rooms that expand out of the side of the boat. Servants to drive boats to shore and cordon off sections of the beach so these people don't need to be too near everybody else. There are dozens of these ships there at any given time, alternating between there and the mediterranean. They are rarely movie stars or famous people - except for people like the Rolling Stones, this degree of wealth is beyond them. It's super-wealthy families that will never have to even think about money, because they have so much of it that they could live like they do for centuries just off of the interest on their accounts. It's unbelievable.

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Reply Yachts with helipads that have openings to release smaller yachts, boats, jet skis, whatever. (Original post)
kpete Nov 2015 OP
leftofcool Nov 2015 #1
FLPanhandle Nov 2015 #3
yeoman6987 Nov 2015 #26
LibertyLover Nov 2015 #38
Octafish Nov 2015 #2
FLPanhandle Nov 2015 #4
Octafish Nov 2015 #16
FLPanhandle Nov 2015 #20
Ghost Dog Nov 2015 #22
EX500rider Nov 2015 #21
Octafish Nov 2015 #27
Rex Nov 2015 #30
Octafish Nov 2015 #35
Travis_0004 Nov 2015 #31
FLPanhandle Nov 2015 #34
A HERETIC I AM Nov 2015 #47
bullwinkle428 Nov 2015 #5
fasttense Nov 2015 #6
hobbit709 Nov 2015 #7
Nye Bevan Nov 2015 #8
hobbit709 Nov 2015 #10
Nye Bevan Nov 2015 #11
ronnie624 Nov 2015 #13
lostnfound Nov 2015 #14
Rex Nov 2015 #29
n2doc Nov 2015 #9
Turbineguy Nov 2015 #12
Historic NY Nov 2015 #15
Bigmack Nov 2015 #17
Historic NY Nov 2015 #24
Bigmack Nov 2015 #41
Octafish Nov 2015 #18
hifiguy Nov 2015 #33
Octafish Nov 2015 #39
Javaman Nov 2015 #19
Bonx Nov 2015 #23
ileus Nov 2015 #25
Rex Nov 2015 #28
former9thward Nov 2015 #42
Rex Nov 2015 #44
former9thward Nov 2015 #45
Rex Nov 2015 #46
hifiguy Nov 2015 #32
Freddie Stubbs Nov 2015 #48
OxQQme Nov 2015 #36
greytdemocrat Nov 2015 #37
lumberjack_jeff Nov 2015 #40
Heeeeers Johnny Nov 2015 #43

Response to kpete (Original post)

Mon Nov 9, 2015, 10:41 AM

1. You don't have to go to the Virgin Islands to see this

Just visit Annapolis, MD.

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Response to leftofcool (Reply #1)

Mon Nov 9, 2015, 10:44 AM

3. Or any marina in Florida during the Winter season


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Response to leftofcool (Reply #1)

Mon Nov 9, 2015, 06:21 PM

26. Hey. I live in Arnold. Annapolis is heaven on earth

 

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Response to yeoman6987 (Reply #26)

Mon Nov 9, 2015, 07:35 PM

38. Ain't that the truth

Some,of the power boats that check in during the annual Power Boat Show could double as a smaller country's navy.

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Response to kpete (Original post)

Mon Nov 9, 2015, 10:43 AM

2. It is unbelievable.



Peasants, get back to work. Otherwise, you might wake up and tax those who spend the fruits of your labor.

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Response to Octafish (Reply #2)

Mon Nov 9, 2015, 10:48 AM

4. Modern yachts are so ugly

They all have the same basic Itailian design just vary in size & color. Lots of money, but no taste.

I prefer the classics...

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Response to FLPanhandle (Reply #4)

Mon Nov 9, 2015, 12:30 PM

16. Me, too. No place for fun -- and they look like a 22-foot ski boat made large.

MY Taransay



Now your MY Shemara, that, is a yacht.

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Response to Octafish (Reply #16)

Mon Nov 9, 2015, 12:55 PM

20. Wow. That is a yacht I can be jealous of. nt

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Response to Octafish (Reply #16)

Mon Nov 9, 2015, 01:59 PM

22. Mmm Huh... Yachts:

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Response to FLPanhandle (Reply #4)

Mon Nov 9, 2015, 01:47 PM

21. Yeah that is a sweet classic..

....I'd probably get something like this: (assuming I had to have a real big boat for some reason)



Although I'd prefer something smaller myself, less crew and able to get in smaller harbours where the cruise ships can't go.



or more classic:

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Response to EX500rider (Reply #21)

Mon Nov 9, 2015, 06:48 PM

27. Got our boat.

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Response to Octafish (Reply #27)

Mon Nov 9, 2015, 06:53 PM

30. I just noticed the new pretend is that for some, there are no such thing as billionaires!

 

Their understanding of the wealth we are discussing goes right over their head. Sad really.

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Response to Rex (Reply #30)

Mon Nov 9, 2015, 07:11 PM

35. When I was a kid, I saw William F. Buckley on the Tonight Show with Johnny Carson...

...Buckley was talking about how great it was, sailing across the Atlantic. This must've been 1972 or so. Carson asked him, what about less fortunate individuals, shouldn't they also have an opportunity to experience that? Buckley did not "understand." Rather than seeing how, perhaps, wealth could be spread to all, so all can enjoy such experiences -- which was possible, even with what wealth was around then. Buckley said the poor can go for walks in the woods and get in touch with nature.

Guy missed the boat, like a lot of people who should know better.

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Response to EX500rider (Reply #21)

Mon Nov 9, 2015, 06:54 PM

31. A caterman is the only way to go IMO

 

Ive sailed a few 50' and 70' across the atlantic solo and its much nicer. More cabin space and more stable. It also doesnt heel as much as a monohaul.

Its amazing how nice they are. Last one I sailed had water desalination. I could take a 10 minute shower everyday. And autopilot means I can sleep at night, and sleep for about 1 hour at a time. ( no autppilot I sleep during the day and get up every 20 minutes.)

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Response to Travis_0004 (Reply #31)

Mon Nov 9, 2015, 07:04 PM

34. I hope to retire onto an Antares 44 (in about 7 years)

I was a dedicated monohull sailor but after sailing charter catamarans on vacations the last few years, I'm sold on the Cats.


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Response to EX500rider (Reply #21)

Tue Nov 10, 2015, 01:36 AM

47. The one in the middle is a 46 meter Perini Navi.

They are making some extraordinary boats;
56M (183') "Riela"


56M "Salute"


50M (164') "Enterprise"


The famous "Maltese Falcon" is a Perini Navi;



Under way! Little more of a heel and she'll dip a rail.

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Response to kpete (Original post)

Mon Nov 9, 2015, 10:53 AM

5. And yet these people have the amazing ability to convince so much

of the general public that they're getting "Taxed Enough Already", and fire them up to charge to the polling place to elect candidates that will give another tax cut to the 0.01%.

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Response to kpete (Original post)

Mon Nov 9, 2015, 10:56 AM

6. Conspicuous consumption

 

So few have so much while so many have so little. Do you think they may have stolen it or gotten it in illegal ways?

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Response to fasttense (Reply #6)

Mon Nov 9, 2015, 10:57 AM

7. Behind every great fortune lies a great crime.

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Response to hobbit709 (Reply #7)

Mon Nov 9, 2015, 11:11 AM

8. Elizabeth Warren is worth millions of dollars.

What crime did she commit?

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Response to Nye Bevan (Reply #8)

Mon Nov 9, 2015, 11:24 AM

10. That is pocket change to the people with the yachts.

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Response to hobbit709 (Reply #10)

Mon Nov 9, 2015, 11:31 AM

11. How about Al Gore's $200 million?

Great fortune? Great crime?

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Response to Nye Bevan (Reply #11)

Mon Nov 9, 2015, 11:54 AM

13. Generally speaking,

the wealth and power that the US currently enjoys, rests on a history of genocide, slavery and empire.

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Response to Nye Bevan (Reply #11)

Mon Nov 9, 2015, 12:16 PM

14. That's fantastic, I didnt know he had gotten so wealthy

I am glad to see it actually because I think he is a fundamentally decent person and I'm guessing that one day he will leave behind some nice foundations or nonprofit bequests

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Response to Nye Bevan (Reply #11)

Mon Nov 9, 2015, 06:52 PM

29. That's nice, Gore could afford a single yacht with a helipad!

 

I'm kidding, he could almost buy two of them! Your lack of comprehension of the wealth we are talking about is amusing.

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Response to kpete (Original post)

Mon Nov 9, 2015, 11:22 AM

9. and have their own prn website

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Response to kpete (Original post)

Mon Nov 9, 2015, 11:52 AM

12. Fort Lauderdale Boat Show

Wretched excess in action. It's kinda fun to go see what the top 0.01 percent has been spending the increase in the national debt, employees' retirement obligations and non-existent cost of living increases on. There are now supply ships to follow your yacht as well.

Lots of snake-oil salesmen selling machinery to reduce pollution by increasing carbon-footprint.

Saw an interesting paint scheme, rusty plating and bolts on the hull and engines. For those who want their $275,000 tender to look like a highway bridge or shut-down factory.

It's true, there are also boats for the great unwashed. Saw a nice little inflatable for $38 grand.

Elsewhere I read that 14,000 illustrations from the French Revolution have been made public.

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Response to kpete (Original post)

Mon Nov 9, 2015, 12:23 PM

15. Well its does keep people working in shipyards....

providing those "champagne wishes and caviar dreams."

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Response to Historic NY (Reply #15)

Mon Nov 9, 2015, 12:42 PM

17. ..and the shipyards aren't in the US. nt

 

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Response to Bigmack (Reply #17)

Mon Nov 9, 2015, 06:13 PM

24. Actually there are 85 yards & marine architects here that are capable of building superyachts .....

http://www.superyachts.com/directory/yacht-builders.htm?location=221

Germany is one of the largest builders of superyachts.

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Response to Historic NY (Reply #24)

Mon Nov 9, 2015, 08:27 PM

41. Only one of the top 10 is US....

 

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Response to kpete (Original post)

Mon Nov 9, 2015, 12:45 PM

18. Maybe the yachts are to help them get to their money hidden "offshore.'' Get it?

"Offshore?" It's where a lot of the money "lost" in the great Bankster Bailout must have gone.



Check Out Who's Hiding $32 Trillion in Offshore Tax Haven Accounts

EXCERPT...

Some $32 trillion has been hidden in small island banking hubs which host a bevy of trust funds, shell corporations and other tax havens, the Tax Justice Network estimates.

SNIP...

The information is still being sifted through, even as it's being released to the public, but here's some of what's been found so far:

■ American Denise Rich, ex-wife of pardoned tax cheat Marc Rich, has been uncovered as the settlor and beneficiary of two large trusts based in the tiny Cook Islands. The ICIJ found that Denise Rich gave up her American citizenship in 2012. Her citizenship was convenient enough when President Clinton had the authority to pardon her ex-husband.

■ French President Francois Hollande, ardent socialist and tireless champion of the 75% marginal tax rate, appears in these documents, mostly by association. His campaign co-treasurer, Jean-Jacques Augier, has been forced to reveal the name of his Chinese business partner in a Caymans-based distribution company. Augier says he used his offshore company to make a large investment in China.

■ Australian actor Paul Hogan, of "Crocodile Dundee" fame, has lost about $35.3 million from an account that he used to offshore his "bonza" film royalties. His once-trusted tax adviser Philip Egglishaw ran off with Hogan's sizeable hidden offshore stash.

■ French banking scion Elie de Rothschild, of the famous banking family, has been named in the leaks. He was instrumental in setting up some 20 trusts and 10 holding companies in the Cook Islands, all extremely opaque in nature. His heirs have, not surprisingly, refused comment.

■ Brigitte Bardot's third ex-husband, Gunter Sachs, a millionaire industrialist, has been revealed as the owner of a huge, obscure wealth-masking machine: trust upon shell company upon holding company, almost ad infinitum, mostly based in the Cook Islands. The ICIJ has constructed an interactive map of Sachs' extensive offshore holdings and business networks. The network is fairly representative of the steps that many on this list have taken to hide their wealth away. You can marvel at its imponderable complexity here.


And these names are barely the tip of the iceberg. The shockwaves have already begun to spread through the corridors of wealth and power all over the world.

How Much is $32 Trillion?

It bears repeating: $32 trillion has been stashed away, off the books, by corporations and wealthy individuals.

CONTINUED...

http://www.marketoracle.co.uk/Article40250.html



Offshore loot also represents money made from trafficking in drugs, guns and people. So...what can we do about it?



On My Mind

Tax Offshore Wealth Sitting In First World Banks

James S. Henry
07.01.10, 09:00 AM EDT
Forbes Magazine dated July 19, 2010

Let's tax offshore private wealth.

How can we get the world's wealthiest scoundrels--arms dealers, dictators, drug barons, tax evaders--to help us pay for the soaring costs of deficits, disaster relief, climate change and development? Simple: Levy a modest withholding tax on untaxed private offshore loot.

Many aboveground economies around the world are struggling, but the economic underground is booming. By my estimate, there is $15 trillion to $20 trillion in private wealth sitting offshore in bank accounts, brokerage accounts and hedge fund portfolios, completely untaxed.

SNIP...

This wealth is concentrated. Nearly half of it is owned by 91,000 people--[font color="green"]0.001% of the world's population[/font color]. Ninety-five percent is owned by the planet's wealthiest 10 million people.

SNIP...

Is it feasible? Yes. The majority of offshore wealth is managed by 50 banks. As of September 2009 these banks accounted for $10.8 trillion of offshore assets--72% of the industry's total. The busiest 10 of them manage 40%.

CONTINUED....

http://www.forbes.com/forbes/2010/0719/opinions-taxation-tax-havens-banking-on-my-mind.html



Not only would that money balance the budget, erase the debt and fix the nation and world's problems from hunger and homeless to energy and education; it would free humanity to do better things than make war all the time.

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Response to Octafish (Reply #18)

Mon Nov 9, 2015, 07:01 PM

33. Thomas Piketty's proposal for a global, progressive annual

 

"wealth tax"of round 2-3% (applicable to ALL assets over several million dollars/euros) would be a fine start.

"A progressive tax on net wealth is better than a progressive tax on consumption because first, net wealth is better defined for very wealthy individuals and consumption ... is difficult to define," he said. "This is a better indicator of the ability of very wealthy individuals to contribute to the common good."

http://www.cnbc.com/2015/03/10/why-we-need-a-global-wealth-tax-piketty.html

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Response to hifiguy (Reply #33)

Mon Nov 9, 2015, 08:01 PM

39. Oh, so THAT's why they bought Washington!

Makes it all legal-like, like the time they repealed of Glass-Steagal, who knew it one day would lead to Wealth Management at UBS for Phil Gramm, President Clinton and pretzeldent Bush.

http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html

Paid cash, I bet.

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Response to kpete (Original post)

Mon Nov 9, 2015, 12:48 PM

19. one day the clock will reset, as it so often does in history.

the have nots will have their period of blood letting and various reforms and new types of governments will spring up here and there. but in the long run, (as always) there will be nothing laid down in regards to regulating unchecked wealth and we will begin the cycle of societal boom and bust.

economic boom and busts used to happen around every 10 to 20 years, some worse than others, but societal boom and busts usually happen every 100 years. And we are right on that mark.

so my advice to you all is: if nothing is fundamentally done to regulate unchecked wealth (once again), grab all you can while the going is good. Because that's exactly with our current generation of wealthy morons parents and grandparents did. and if you play your cards right, like the ultra wealthy, you can weather most financial storms and escape the noose, guillotine, firing squad or what other method we the people exact on the rich for our momentary pound of flesh to satisfy our blood lust of supposed revolutionary change.

Only the foolish rich allow themselves to be dirties with the problems of the peasants.

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Response to kpete (Original post)

Mon Nov 9, 2015, 01:59 PM

23. OMG. Rich people with big boats !

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Response to kpete (Original post)

Mon Nov 9, 2015, 06:16 PM

25. There are a lot of nice Yachts out there for sure.

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Response to kpete (Original post)

Mon Nov 9, 2015, 06:49 PM

28. They will have to think about where to hide when the global economy crashes and burns.

 

People will be looking for someone to blame.

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Response to Rex (Reply #28)

Mon Nov 9, 2015, 08:59 PM

42. The global economy is not going to "crash and burn".

Everyday about 100,000 people move out of poverty. The change I have personally seen in decades of travel in poor countries is amazing. But gloom and doom always sells so you will get lots of nods of approval.

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Response to former9thward (Reply #42)

Tue Nov 10, 2015, 01:19 AM

44. Kewl story.

 

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Response to Rex (Reply #44)

Tue Nov 10, 2015, 01:22 AM

45. Have you ever been out of your basement?

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Response to former9thward (Reply #45)

Tue Nov 10, 2015, 01:23 AM

46. I'm glad it bothers you that much.

 

Go pester someone else with your defense of republicans.

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Response to kpete (Original post)

Mon Nov 9, 2015, 06:56 PM

32. Time for the tumbrels

 



Followed by the seizure and repatriation (from offshore financial black holes) of every last dime.

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Response to hifiguy (Reply #32)

Tue Nov 10, 2015, 09:16 AM

48. Many of those who sent people to the guillotine wound up going there themselves

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Response to kpete (Original post)

Mon Nov 9, 2015, 07:29 PM

37. Hey, you have the bucs

Kerry has one. So what?

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Response to kpete (Original post)

Mon Nov 9, 2015, 08:15 PM

40. I'd rather they buy yachts than hedge funds.

 

But then again, I help build them.

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Response to kpete (Original post)

Mon Nov 9, 2015, 09:19 PM

43. This level of affluence and extravagance isn't even 1% territory.

More like 0.1% and/or James Bond villain bling.

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