Can you afford to send your kids to summer camp? According to the New York Post, 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.
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 Walt Disney Corp. (NYSE: DIS) CEO Michael Eisner loved Keewaydin so much that he wrote a terrible book about it.
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."
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.
Peter Cohan is President of Peter S. Cohan & Associates, a management consulting and venture capital firm. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in Disney.
Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?

