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provide no practical benefits whatsoever to someone's life. I guess it provides status and bragging rights within your social circle. When you and all your fri
by dagw 6y ago
provide no practical benefits whatsoever to someone's life.
I guess it provides status and bragging rights within your social circle. When you and all your friends are rich enough to be able to buy basically anything that is legally for sale, owning stuff that your neighbor cannot also just go out and buy becomes the only interesting type of purchase left to make.
- toyg 6y ago> no practical benefits ... except being a tax-free investment that will likely hold value forever (because it’s effectively unique) and is often easier to secure than more typical assets (because it’s hard to resell without very specific contacts).
- dagw 6y agoexcept being a tax-free investment that will likely hold value forever That is a lot less likely when it comes to stolen artifacts.
- Someone 6y agoAlso, if you steal it, it’s income and you have to pay income tax, so it’s not tax-free. That’s what did in Al Capone (https://en.wikipedia.org/wiki/Al_Capone#Tax_evasion https://en.wikipedia.org/wiki/Al_Capone#Tax_evasion) You also may have to pay wealth tax over possessing expensive goods.