Rich People Are The F*$%ing Worst

Rich people are the f*$%ing worst, solving their pressing privileged problems during quarantine. John Iadarola and Jordan Uhl break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/

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Read more here: https://www.bloomberg.com/news/articles/2020-05-22/dilemma-for-high-flyers-how-to-travel-safely-to-your-yacht?utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business&utm_source=twitter

"It’s a modern quandary for the ultra-wealthy: a yacht awaits at harbor, but how to safely reach it without risking exposure to the germ-ridden masses?

Global aviation company VistaJet has a solution. Spurred by member demand, clients can reserve a freshly sanitized jet to fly them to a yacht moored in Malta (where, as it happens, VistaJet is based). Lest anyone be worried that the island nation itself is germ-ridden, a press release notes that “The World Health Organization singled out Malta as a role model for other countries in the fight against Covid-19.”

Malta is the only destination for this service, so if your yacht is moored in Antibes or Porto Cervo, you’re out of luck. But if you’re the type of person who’s serious about yachting during a pandemic, then Malta is probably a place you should check out.

In addition to multiple yacht marinas and a mild Mediterranean climate, the country levies zero taxes on income or capital gains earned outside Malta and there’s no estate tax, making it a popular choice for the ultra-rich when it comes to buying a second citizenship. Yes, buying. A Maltese passport can be yours for just 1.2 million euros ($1.3 million) in cash and property."

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