“The rich gazed at their superyachts, and decided they were not enough. The new breed of megayachts, which are at least 70 metres (230ft) in length, may be the most expensive moveable assets ever created.”
“First and foremost, owning a megayacht is the most polluting activity a single person can possibly engage in. Abramovich’s yachts emit more than 22,000 tonnes of carbon every year, which is more than some small countries. Even flying long-haul every day of the year, or air-conditioning a sprawling palace, would not get close to those emissions levels.
The bulk of these emissions happen whether or not a yacht actually travels anywhere. Simply owning one – or indeed building one – is an act of enormous climate vandalism.”
Asking in earnest… international water… is the no laws thing for real? What’s stopping some modern day Karli Morgenthau Green Peace types from blowing these boats up?
One thing I personally hate about megayatchs is how boring they all look. They look basically the same, white with black, and its just super boring. If I were going to be an evil billionaire flaunting my wealth, I would build somethin cool, like a 1:1 scale replica of the American WW2 Tennessee-class battleship. Sail around the world with 14 inch guns, and rule the high seas, making every yatch cower before my mighty steel ship.
Then sink because its 2023 and I’m a greedy billionaire who neglects things like basic maintenance and common sense.
seems like the world should ban filthy wealth lifestyle. How should we proceed, any idea anyone ?
Little surprise, then, that megayachts have been associated with crimes including money laundering, prostitution and illegal drug use.
This comment works against the author’s credibility. You don’t need to spotlight controversial laws against the personal freedoms of consenting adults to make megayacht owners look bad. It’s like saying “the rapist also smokes marijuana!” And isn’t prostitution and drug consumption fair game in international waters?
Second, the fact that yacht owners can choose which country’s flag to sail under – and can fly a flag of convenience if they choose – means it would be extremely difficult to enforce such a tax.
That’s interesting. Though I didn’t know they had to pick a flag. Surely they could buy a tiny island and create their own country with their own laws. There’s a book on how to do that.
Bluntly banning Megayachts seems excessively interventionalist when you could instead ban the fossil fuel engines they use and ban the emissions. Make them pass a smog test that’s no more lenient than a car. Why not effectively force them to be wind and solar powered and thus force them to blow their money on advancing green energy? If that kills the megayacht business anyway, well then fair enough.
I actually think that’s an awesome idea. Force them to be “green” mega yachts. They can’t bitch about batteries being expensive, they’re literally the richest people on the fucking planet. We shouldn’t have to suffer even more just so they can be obscenely wealthy and cheap at the same time…
No one should own a mega yacht, even if its solar or wind powered. And its like 100% a given, that super rich would just pay double the price (compared to current mega yachts) to get them because they can