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Originally Posted by Fighting Banana Slug
So is it the $100k quantum that you object to? Better if it was $200k? Is it the word luxury that causes the problem?
This is a means based consumption tax. It doesn't matter if the purchaser is "normal folk", a sports star, drug dealer or lottery winner. If they can afford a massive purchase such as this, they need to pay extra tax. As I mentioned in an earlier post, most if not all of these purchases are more price inelastic. It won't matter to the purchaser, except perhaps your dreamed up scenario, in which case they may need to struggle with that $95k car.
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How can you say what will or wont matter to the purchaser? If a couple worked for decades and were able to plan to come up with just enough to get their dream boat to go sailing in retirement, yet now are dinged an additional $25k, it might not be chump change to them.
Just be honest and say you don't care if its not you.
This is nothing more than a punitive tax based on perceived wealth.
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A few weeks after crashing head-first into the boards (denting his helmet and being unable to move for a little while) following a hit from behind by Bob Errey, the Calgary Flames player explains:
"I was like Christ, lying on my back, with my arms outstretched, crucified"
-- Frank Musil - Early January 1994
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