During the 90's, the federal government wanted to tax the rich, so they increased the taxes on yachts. The unintended consequence was that the rich stopped buying yachts and there was massive layoffs in the yacht building industry. Instead of targeting the rich, the federal government hammered the middle class workers who built the yachts. Oh, yeah. I almost forgot. Since the rich slowed their yacht buying, the taxes that the government collected from yacht sales when down as well. Call it a twofer.