There was an article several years ago about why billionaires buy yachts they seldom, if ever, use. It has to do with taxes. I don’t remember the exact numbers, but if you spend X dollars on a yacht you get to take that off of your income, thus reducing your taxes enough to make it worthwhile. Some billionaires have several yachts they’ve never even visited.
If you wondered why suddenly SUV’s and trucks were a hundred thousand dollars, it was the same reason. The objective was to increase the flow of money by inducing people to overpay for vehicles. In this case, even if you hadn’t paid for it yet, in the first year you could reduce your income by a full hundred thousand. Each year the amount went down. this is why people with money make more money.
They’re changing the refrigerant in air conditioners again. Having outlawed the previous refrigerants using “climate change” as the reason. The real reason is the same as above. Look forward to spending more than twenty thousand dollars for an airconditioner that barely works.
I don’t know about yachts but yes, for a while there, you could write off the cost of a big vehicle like a truck or SUV as a business expense in the year you bought it instead of having to amortize and depreciate the value over time. It was done to spur spending. Not sure if that’s still the law or why a yacht would qualify...
... unless after they destroy all the habitable lands these folks intend to live like Waterworld.