Newps wrote:

What the lefties failed to realize was that these purchases
were nearly 100% discretionary. As such sales dried up completely for
the boats and thousands were left out of work and hundrreds of small
companies went bankrupt. Virtually no tax money was collected.

Beechcraft took their cancelled aircraft orders and pointed out that the income taxes
from the workers that would have built those planes totalled more than Beech paid in
luxury taxes. That helped.

George Patterson
If you want to know God's opinion of money, just look at the people
he gives it to.