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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Rich kids take private jets to summer camp]]></title><link>http://www.bloggingstocks.com/2007/06/04/rich-kids-take-private-jets-to-summer-camp/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2007/06/04/rich-kids-take-private-jets-to-summer-camp/</guid><comments>http://www.bloggingstocks.com/2007/06/04/rich-kids-take-private-jets-to-summer-camp/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/rants-and-raves/" rel="tag">Rants and Raves</a>, <a href="http://www.bloggingstocks.com/category/rich-in-america/" rel="tag">Rich in America</a>, <a href="http://www.bloggingstocks.com/category/personalfinance/" rel="tag">Personal Finance</a></p><p><img width="205" vspace="4" hspace="4" height="234" border="" align="right" src="http://www.blogcdn.com/www.bloggingstocks.com/media/2007/06/richiefr.jpg" alt="" style="width: 205px; height: 234px;" />Can you afford to send your kids to summer camp? According to the <em><a href="http://www.nypost.com/seven/06042007/news/regionalnews/jet_set_kids_regionalnews_sharri_markson.htm">New York Post</a></em>, New York's tony set can -- and more. Instead of forcing their kids to spend 3.5 hours on a crowded bus into the wilds of Vermont, they pay $8,000 for their kids to fly to camp in a private jet.</p>
<p>Keewaydin camp director Peter Hare said that for the first time in the Vermont camp's history, one of its kids, a 12-year-old, will be arriving by private jet, choosing a one-hour flight over a five-hour bus trip from New York. In case you forgot, former <a href="http://finance.aol.com/quotes/the-walt-disney-company/dis/nys">Walt Disney Corp.</a> (NYSE: <a href="http://finance.aol.com/quotes/the-walt-disney-company/dis/nys">DIS</a>) CEO Michael Eisner loved Keewaydin so much that <a href="http://alumni.keewaydin.org/forum/message/4195/">he wrote a terrible book</a> about it.</p>
<p>But wait, there's more. Charlotte Morello, of Connecticut, has organized a birthday party for her 9-year-old daughter, Meredith, on a private jet next month. "All her cousins will come onto the plane," Morello said. "We'll have a manicurist and a model on the runway theme."</p>
<p>Had enough? It would help if you asked Congress to make private equity partners pay the 35% tax on their earnings that everyone else has to pay.</p>
<p><em>Peter Cohan is President of</em> <a href="http://petercohan.com/"><em>Peter S. Cohan &amp; Associates</em></a><em>, a management consulting and venture capital firm. He also </em><a href="http://www3.babson.edu/Academics/Divisions/management/facultyprofile.cfm?pageid=391236"><em>teaches management at Babson College</em></a><em> and edits </em><a href="http://petercohan.blogspot.com/2007/01/cohan-letter-up-15-in-2006.html"><em>The Cohan Letter</em></a><em>. He has no financial interest in Disney.</em></p>
<p> </p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2007/06/04/rich-kids-take-private-jets-to-summer-camp/">Rich kids take private jets to summer camp</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Mon, 04 Jun 2007 14:15:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2007/06/04/rich-kids-take-private-jets-to-summer-camp/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/910054/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2007/06/04/rich-kids-take-private-jets-to-summer-camp/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>camp</category><category>jet</category><category>private jet</category><category>PrivateJet</category><category>rich</category><category>rich kids</category><category>RichKids</category><category>summer camp</category><category>SummerCamp</category><category>the rich</category><category>TheRich</category><dc:creator><![CDATA[Peter Cohan]]></dc:creator><pubDate>Mon, 04 Jun 2007 14:15:00 EST</pubDate></item></channel></rss>
