Bifalgorithm post

Why does every single billionaire buy a fricking yacht? Every billionaire buys a yacht, and you think it's for luxury, but it's the dirtiest trick in the book. It's not a boat, it's a loophole that floats. A smart billionaire never registers his yacht in America, he registers it in the Cayman Islands or Marshall Islands, and that is called a flag of convenience. The second that flag goes up, that yacht is legally not American anymore, it's Cayman, even if it's parked in Miami. So when the government seizes his company, his houses, and his bank accounts, they can't touch the yacht, because to seize it, they need permission from the Cayman government. And Cayman runs on billionaire money, they will drag that case for 10 years. And by then, the yacht is already in Dubai. And it's the same for a search, once that yacht is 12 miles out. In international waters, no FBI, no police, no IRS can just board it, because legally boarding it is like raiding a foreign country. Only the country whose flag it flies can authorize a search. So that yacht becomes their ultimate weapon. It's a floating tax write-off and a floating boardroom where they sign $100 million dirty deal. It's not a party boat, it's a private country that no government can enter.

Why does every single billionaire buy a fricking yacht? Every billionaire buys a yacht, and you think it's for luxury, but it's the dirtiest trick in the book.…