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Re: Elmer Phud post# 108140

Sunday, 02/26/2012 3:40:34 PM

Sunday, February 26, 2012 3:40:34 PM

Post# of 152242
You might recall the US tax on luxury yachts. It nearly killed the US yacht industry and was a boon to foreign yacht builders as those who can afford an expensive boat can also afford to buy it in another country. This unintended consequence was so sudden and dramatic that the law did not last long.
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