- cross-posted to:
- billionaire@lemmy.ca
- cross-posted to:
- billionaire@lemmy.ca
To understand how a New York City private jet tax could actually be implemented, you need to understand who controls the airports.
The Port Authority is a bi-state agency jointly controlled by the governors of New York and New Jersey with an annual operating budget of $10.1 billion and a proposed $45 billion capital plan from 2026 – 2035. It operates JFK, LaGuardia, Newark Liberty, and Teterboro — all rated high tax-risk under current political conditions. Teterboro Airport, which does not allow scheduled airline flights and only services private flights, handles approximately 177,000 arrivals and departures annually.
Westchester County Airport (HPN) is not a Port Authority facility. It is owned and operated by Westchester County — outside Mamdani’s direct political sphere and outside the joint gubernatorial control structure of the Port Authority. This makes it the most insulated major reliever airport in the New York metro under current political conditions.
Republic Airport (FRG) on Long Island is New York State property — its vulnerability depends on whether Governor Hochul aligns with Mamdani’s agenda, which remains an open question.
Key policy context: The Port Authority has the authority to set fees, surcharges, and access terms at its facilities without requiring standard legislative processes in many scenarios. The question isn’t just whether a tax gets proposed — it’s whether the mechanism to implement it already exists. In many cases, it does.
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They are scared. Good.
What Smart Operators Are Doing Now
- Charter, don’t own — for New York trips. Ownership-based taxes require an owner. Charter clients flying on a per-trip basis have structural insulation from registration, basing, and ownership surcharges.
- Move your aircraft out of New York. If your aircraft is currently based or registered in New York State, that is your single largest exposure point. Florida, Pennsylvania, and New Hampshire are the most common rebasing destinations. Act before the rule is written.
- Know your airports. Teterboro (TEB) remains operationally superior but are Port Authority facilities and therefore in scope. Westchester (HPN) is the most insulated option available.
- Watch Albany, not just City Hall. Mamdani’s ability to implement airport-level taxes requires coordination with Governor Hochul and the New Jersey governor’s office. Monitor state budget negotiations closely.
This article really is written for the 1%.
It’s written for the 1 percent but about 25 percent will gobble it down like a delicious boot
Go ahead. Tax every one I have.
Mamdami should be president
Unfortunately he’s wasn’t born in the United States.
Wait are people at fortune mad and scared?
That’s my fetish.
I both love and hate it when Fortune forgets that The Poors can read their garbage too 😄
Let’s be honest here, they didn’t forget, they didn’t even factor or care about the opinion of the working class. It’s Fortune, not Pay Check to Pay Check magazine.
Am I supposed to feel bad for sociopathic billionaires?
“Your” private jet
Lmao, exactly. Mamdani can tax all of my private jets at 100%* for all I care, and I’m not even in NY!
*I of course am a normal person, not a bloodsucking billionaire or whatever, and own 0 private jets, nor will I ever own one.
Fuck you and your private jet
Oh no my private… Wait, I don’t have a jet. And if I did, I could afford a tax.
Good. Great, even. Fuck these rich asshole climate criminals.
When my butler read this to me, I couldn’t contain my outrage.
This whole article just reads like a deaf man who can’t hear the woosh of a falling guillotine blade.
The author wanted to make Mamdani’s policies sound bad, but all I could think after each paragraph was “hell yeah”.
Right? Here’s a good example:
If you own an apartment in New York and don’t live there full-time, you’re taxed. If your heirs inherit assets in New York, they’re taxed at thresholds that now reach the upper middle class. The logical extension of this trajectory — and the question the entire private aviation industry should be asking — is: what about the $70 million jet you landed at Teterboro this morning?
It’s very interesting to see just how out of touch they are. You can even see him trying to appeal to non-billionaires by making it sound like he actually gives a fuck about them. “Omg, you’re inheriting a million dollar property? How will you handle the taxes?!? 😱” Then quickly pivots to a more familiar scenario to people in his echelon: "what if I have to pay a fair tax on this ridiculous lifestyle I’m living?!?
its not the rich who live a ridiculous lifestyle. It you. Quit your job. Walk away. You don’t need it.
This is such a funny thing to say lmao, if it’s bait then it needs to be in a museum. Bravo Vince
“You’re ridiculous for participating in the society you were raised in, how dare you. You need to run out into the woods like Ted Kaczynski, never pay taxes again, and survive like the kid from Hatchet. Oh? You have people that you care about? Just forget about them, duh. Oh? I’m a hypocrite because I’m typing this on a device that was obtained through said ‘ridiculous lifestyle’? Nah, false equivalence. Just trust me, I’m basically Siddhartha Gautama. All I need is Lemmy.”
I can’t tell if you’re serious or not.
Oh no, not my private jet…
Whatever is the world coming to?
If he pays his fair share of taxes… He would likely still own everything he owns but wouldn’t have as many 0’s adorning the big important number in his bank account. Just devestating to see someone forced to pay their fair share, lol
No friend of mine owns a private jet. Tax them out of existence
Truly baffling to read just how disconnected some people are.
