I'm not sure exactly what GP meant, but I took the spirit of the post as more "I wish there wasn't so much wealth inequality that ONE person could own a superyacht. I have no problem with yachts in and of themselves."
So, it's OK for a group of, say 20 people to have enough disposable wealth to pool together to fund the amortized annual expense of buying and maintaining a superyacht.
But it's not OK for one individual to invest that money for 20 years and then buy it.
You're still not getting it. It's not about how many X owners it takes to pool the money together to buy something obscenely expensive and wasteful. It's about the wealth disparity that makes it possible for just a few people to do something like that, especially given that the wealth disparity is based on rent-seeking (and frequently borderline-fraudulent) behaviors.
kbutler|7 years ago
But it's not OK for one individual to invest that money for 20 years and then buy it.
gamblor956|7 years ago