The latest corporation up to the chopping block: JP Morgan Chase. The company has received $25 billion in TARP funds. But it plans to buy two luxury corporate jets worth $138 million and also build "the premier corporate aircraft hangar on the eastern seaboard" to house them. The new hangar will apparently be built with reclaimed wood, quarry tile and even include a "vegetated roof garden." The Gulfstream 650's are supposed to be the "fastest," "widest" and "most comfortable" private jet ever. Can't you feel the wealth-envy building?
A spokesman for JBMorgan Chase says that no TARP money would be used to make any payment for the new jets or hanger improvements.
But that doesn't fit well into the wealth envy argument, does it? All that matters it that these evil corporations want the luxury of having private jets!