>someone has $1.5M to throw away on something like this
Your reaction seems pretty normal and all, but your ethical viewpoint seems backwards to me.
If they spent $1.5M on something that involved the amount of labor and resources that normally buys, then they threw it away, if it wasn't for the general good. A yacht for instance.
But if they spent $1.5M on a collectible with no real use, then they have just exchanged a coupon, basically, for another coupon. They made a decision not to take useful resources away from society that they had a coupon for.
Your reaction seems pretty normal and all, but your ethical viewpoint seems backwards to me.
If they spent $1.5M on something that involved the amount of labor and resources that normally buys, then they threw it away, if it wasn't for the general good. A yacht for instance.
But if they spent $1.5M on a collectible with no real use, then they have just exchanged a coupon, basically, for another coupon. They made a decision not to take useful resources away from society that they had a coupon for.