Luxury is a $1200+ car now. Hmmm, by that standard, any plane is just for Über-wealthy, who should be taxed for being so ostentatious.
I see reading comprehension is not your strong suit, that and you are a not particularly effective troll with weak bait.
Luxury is anything beyond what is required to make the situation more comfortable; the amount of luxury people want to pay for is up to them.
I have no problem with the uber wealthy as long as they SPEND THE MONEY AS FAST AS IT COMES IN! That is the key to having a successful capitalist economy. The money has to stay in circulation. The more cash and bullion that is hoarded, the worse the economy gets.
We base our entire economy on consumerism, in order for it to work the money needs to stay in motion. This is the basis for the "Trickle Down Economics" the Almighty, wise, great, powerful, honest, Ronald Reagan sold to the nation in the midst of Alzhiemers.
This is the same economic principle that we currently base ourselves under, and it doesn't work because the people on top shut off the tap, and kept the economy running by having us take responsibility for billions of dollars of fresh cash from their private bank, The US Federal Reserve, exclusively licensed to print money at our expense. Henry Ford said, "It's a good thing the American people don't understand the banking system because if they did I fear a revolution by morning."
Even Alan Greenspan who had congress block the one person who was trying to prevent the melt down of 2007 back in the 90s under Clinton, admitted in front of congress that "I was wrong, there was a fundamental flaw in my perception of how the world works."
Ayn Rand made the same mistake as Karl Marx and Adam Smith and that was to assume that the system would be run for the greater good, and that is a huge oversight given the history of humanity. Everything we do is operated for the greater greed. Wealth is not a problem, degenerate billionaires who spend money in obvious and opulent lifestyles I don't have that great of an issue with because they drive large economic sectors with a lot of good paying jobs that go multiple support and manufacturing layers deep. Some even give back projects that are looking to humanitarian playoffs.
It's what sits in banks that kills economies, and right now most of the money the Federal Reserve printed under Quantitative Easing is sitting back in the Fed with them paying interest to the banks they issued it to. So we are paying for that money 3 times, to issue, a direct rate to the Fed, and a secondary rate to the Fed to pay the bank to put the money back in the Fed rather than in circulation to build the economy and small business to help local employment.
The people involved in all this are the tiniest subset of the über wealthy, and they should be taxed of everything above $10BB globally to put into energy and water infrastructure to bring us to the modern era and turn our economy into an energy and water exporting economy as well as manufacturing all the new accoutrements of the new technology. You cannot save the future by living the past, you can only build a future on top of the past. Without building and development, there is no future, only destruction and decay.