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Ever wonder how the ultra-wealthy manage to fly above the rules — literally and figuratively?
A post on the r/IAmTheMainCharacter subreddit started conversation about how private jet owners use tax havens like the Isle of Man to dodge taxes.
The thread unpacks how these setups benefit only the ultra-wealthy, harm the environment, and leave everyone else to deal with the consequences.
The post, titled “I am the main character of private jets – America,” highlights the surprising number of private jets registered in the United States, but also in tax havens like the Isle of Man. The conversation traces back to another thread featuring a 2006-2016 Statista chart showing where private jets are most commonly registered. “This is no bueno,” it says in the post.
One commenter broke it down, explaining that Britain’s economy shifted…more
Source www.thecooldown.com
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