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How Social Security and VLJs Are Similar

Remember when very light jet designs had everyone talking. Their fate may match Social Security's fate.

The ATG Javelin in 2006. [Photo: Calyponte]
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Key Takeaways:

  • The Very Light Jet (VLJ) industry largely failed to deliver on its initial hype, with many promising aircraft not reaching production due to unrealistic promises, rushed development, and inadequate capabilities.
  • The author parallels this failure with the U.S. Social Security system, which is deemed "bankrupt" because it made unsustainable promises, such as Cost-of-Living Adjustments (COLA), without sufficient tax funding.
  • As a result, Social Security is projected to be unable to pay full benefits by 2033, and while privatization is suggested as an alternative, the article concludes there are no easy fixes and complex challenges remain.
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The year of my first trip to EAA’s Airventure at Oshkosh was special. Light sport aircraft had general aviation pilots excited, and a new category of very light jet (VLJ) designs had sprung into existence when aircraft design technology caught up to the creation of the Williams FJ44 fanjet engine.

These VLJ designs promised a new era of aircraft ownership. These aircraft had capabilities that would enable the creation of air taxi companies that would have resembled an aviation version of Uber years before the idea caught on for car travel.

Jason Depew

Jason Depew flies as a captain for a major U.S. airline. He is also an Air Force reservist and has flown more than 300 combat missions over Afghanistan and other garden spots. Based in Tampa, Florida, he instructs in the Icon A5 and anything else he can get his hands on. His writing is focused on personal finance for pilots with the goal to help all types of aviators enjoy great careers, sometimes in spite of themselves. You can send Jason questions at editorial@flying.media.

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