Issues related to a tax on luxury goods

Write a short memo analyzing the issues related to a tax on luxury goods, including yachts. Please read and answer these questions about this article (Links to an external site.). Please limit yourself to 500 words.

website address:https://www.washingtonpost.com/archive/business/1993/07/16/how-to-sink-an-industry-and-not-soak-the-rich/08ea5310-4a4b-4674-ab88-fad8c42cf55b/?utm_term=.53ef0e50e916