pretty immediately developed a scary safety record. they were only founded in 1992, but by 1995, they had already had an aircraft evacuated on the runway, just before it burned down. by the following, year 1996, it was a terrible fatal crash, may 1996. value jet flight had an on board midair fire. it was caused by hazardous flammable materials that were improperly stored on board. and that plane came down, all 110 people on board that plane died, the plane crashed into the florida everglades. just a terrible disaster. and again that was 1996, value jet had only been around for four years when that happened, but that would be the end of value jet. the company, still existed after that crash, but they decided what they would do is they would buy a little company, called air tran. they decided that the real privilege, the real benefit of buying that little company, would be that value jet could take that little company s name. so, after the crash, the value jet name disappeared,
they went from the framework to the real bill, legislative 1680 pages i believe. almost the last 200 of those pieces are the tax provision that i spent monday. so the billionaire s tax is out, it did not make the cut. but the tax on short stops and quarterbacks that s in there. they have created these new tax brackets that i have been begging for for decades now. a new tax bracket that kicks in at $10 million of income. that is going to get a lot of shortstop s. and then the tom brady tax kicks in at $20 million of income. it s an additional 5% at $10 million of income, and then over $20 million of income another 3%. so, they are getting at some of these superrich that way, movie star people who get these money through salary. they are going to get hit. but the investment banker class, and others who managed to get their income in something other than direct salary income, they may find ways around this. right, the people who still have are sitting on billions of dollars