Citing Thomas Sowell

Right now, the Obama administration wants to take away money by fining ...
Oct. 17, 2012
2 min read

Thomas Sowell is without a doubt one of the great economists of our country. He explains things so simply. “I have never understood,” he wrote,” why it is ‘greed’ to want to keep the money you’ve earned, but not greed to want to take away the money somebody else has earned.”

Right now, the Obama administration wants to take away money by fining — you can call it a user tax if you wish, but I call it a fine — every flight of a corporate jet. Obama has used Air Force One freely. Obviously, he likes it. No doubt he could explain that it is necessary to help him run the country.

So, why can’t he appreciate the fact that corporate jets help run corporations? Is it possible that he doesn’t believe the CEO of General Motors or General Electric is important enough to rate a jet? Hey — those companies make a profit. Doesn’t that prove they’re doing a good job?

As I understand it, one of the first business aircraft was a single-engine airplane. The IRS said it wasn’t a deductible expense. The owner went up against the IRS and won. The judge said — basically — “Hey, you told me the man’s business has made millions. He thinks the airplane helps the business. Who am I to tell him how to run his company?"

 Wish someone would ‘splain that to Obama.

About the Author

Ralph Hood

Certified Speaking Professional

Ralph Hood is a Certified Speaking Professional who has addressed aviation groups throughout North America. A pilot since 1969, he's insured and sold airplanes at retail and distributor levels and taught aviation management for Southern Illinois University.

Ralph Hood is also an award-winning columnist (he writes for several publications), a salesman and sales manager (he sold airplanes, for crying out loud!), a teacher (he taught college-level aviation management) and a professional public speaker who has entertained and enlightened audiences from Hawaii to Spain, and from Fairbanks to Puerto Rico.

  • Certified Speaking Professional (CSP), National Speakers Association
  • Past member, National Ethics Committee, National Speakers Association
  • Past president of Alabama Speakers Association
  • Member, Alabama Aviation Hall of Fame
  • Past National Marketing Mentor, AOPA Project Pilot
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