Why the US Gov Pays $10 Million a Year for This Yacht
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- čas přidán 20. 11. 2023
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Unironically, these should be 24/7 Party Boats for the public to buy tickets for or something
and then get sued by the russian oligarchs and give them a huge payday? I'm good
That's sure to cause massive depreciation!
@@stcredzerosounds like a bonus to me, the government didn't confiscate and assume ownership, so it's the owners loss lol
@@stcredzero depends on cost of keeping tidy vs ticket revenue. If 25 dollar tickets were involved, you could get a cool 6000 which would offset the cost of it having to sit there anyway.
Unironically isn't the word you are looking for
I can't imagine being so rich your boat costs $10 million/year in upkeep.
The maintenance of a yacht costs between 10 and 20 percent of its value per year. The price of the yachts is much more than 100 million each
Yachts are really inefficient money burning things to just boast that you have money.
That doesn't include the crew the oligarchs' hired crews and salaries that literally live there
@@ciroalbornoz3528wow so when you buy a yacht you're basically just renting it for 5-10 years in terms of value
@@adog3129yep. pretty much. the plus side to this for the owner is Tax breaks, since almost all yachts are owned by a corporation and used for potential business purposes
I hitch-hiked with a guy who said owning a boat was like a hole in the ocean that he has to constantly throw money into.
I own a boat and I had to moore it on an obscure beach miles from civilization and took the outboard motor home with me. It is a little fishing boat with a tiny cabin, all fiberglass and I found even the marina fees totally crazy. It's almost like 1/4 of a house's rent! Who can afford that?
They say the second happiest day in a boat-owner's life is the day they buy their boat. The happiest day is the day they sell it.
BOAT is an acronym for:
Break
Out
Another
Thousand
Just like they say in Pawn Stars: boats are money-suckers
I dont know if it is common out there, but here in Brazil a lot of boat owners share a boat. You get two or three rich friends, everyone pays out and everyone sorts out who gets the boat when. Everything laid down in a contract etc.
Otherwise would be too expensive even for rich people (obviously not talking about billionaires or people with hundred of millions)
The power move is to have a friend/family member who has a boat.
I saw the one docked in Trieste and I thought it was weird seeing such a huge yacht all on its own near a cargo harbour so I looked it up on google and they literally had it listed as a tourist attraction. Had a great laugh, props to the Italian government.
Oh, that's funny. We should do that in the states lol
I mean hey, that’s one way to make some money off of it 😅
I'm from Trieste, and for a period it was a lot of fun because for reasons of currents and maritime traffic they move it almost every day and therefore we made bets on how far They would have moored it!
Props for what? They don’t even make a 10th via tourism of what it costs to maintain it.
Could you go on it
USA: Oh no we can't do anything with the ships or we'll be sued.
Russia: brrrrt now all these passenger planes belong to me.
No they don't. They just can't terminate the lease agreement prematurely.
Meanwhile in America Biden spews crap about ôlįgårchs in their I'll gotten wealth he literally ran embracing neo cuckfederates and opposed "forced bussing". The USA literally compensated that gärch for the land they confiscated to make modern Arlington cemetery
@@neolynxertry telling Russia that, that's literally what they have done with a lot of planes
The issue with nationalizing things when your not a Communist state fucks u over in the long run. The corporations don't want to comeback and it scares investors and other companies from getting involved with said nation.
The American oligarchs get upset if the rules aren't followed uniformly. I mean, what might happen next, one of *their* superyachts might get seized?
I agree with your solution. Make them public vacation spots or short distance cruise.
Add contests or free lottery for residents near the port to use it for a day or two.
If it is decided the yacht cannot be sold and will be returned to the original owner when sanction is lifted, but don't know for how long, make it into a homeless shelter just to spite the yacht owner.
Until they are confiscated they are private property. The Government is just holding them for the oligarchs. By the way if they hand them back to the oligarchs in Russia, Russia will confiscate them and sell them for back taxes the oligarchs owe. Which in turn will fund the war longer.
If there was one place to let people storm freely, it that.
yeah thats not how the world works
I remember walking around San Diego Harbor a few weeks ago wondering why that yacht was still around. Thanks for the vid!
Which part of the Harbor? I'd like to pay a visit.
They should rent it to hollywood
@@jeffbenton6183if im remembering correctly it was near the northern side of waterfront park. it could totally be somewhere else now tho
Of course if my car is just a few inches in front of a driveway, it's towed and it's my problem if the city screws it up.
You absolutely can sue the tow truck company if they damage your car while they have it. Of course like anything though its only worth it if you have a super expensive car, something only rich people tend to have.
@@justincarter7954and proof that it wasn't "already like that when we got it."
I've fought and lost this battle with a car repair shop, who left dents in the sides, scratches on the dashboard, and destroyed my clutch (probably from joy rides by mechanics using my car to learn how to drive stick).
@@justincarter7954You just submit it to your insurance, then your insurance will sue the tow companies insurance. It's their job to document the condition of the vehicle before they tow it, regardless of why it's being towed.
@@shanet7511 only if you have collision I believe, which is an incredibly expensive addon to insurance that isn't required by any states.
that’s a yacht of money
Russian ōligårchs and their I'll gotten wealth - Biden
The azzhat ran in the 70s embracing neo confederates and opposed " forced bussing" what a fkng hypocrite. Not only that but he's doing the same crap with Israel
A swaming amount of money
That doesn't rhyme
Might be a stupid question, but can't the yachts be removed from the water to remove all of the upkeep costs related to being in the water? Or would that be too expensive or infeasible
@@seytanuakbar3022why couldn’t you not be sarcastic for someone asking a genuine question on an edutainment channel? just ignore it if it makes you mad or whatever
way to give a sarcastic/toxic answer to a reasonable question@@seytanuakbar3022
@@seytanuakbar3022 they specifically mentioned costs related to being in the water
mentioning rust and mold means you didn't even comprehend the question and your first instinct was to spew out garbage
putting it into a dry dock will make that dock unable to service other ships, which will result into losing a lot of money. Building a dedicated storage facility just for these yachts, obviously, costs a lot too.
And you can't just park them in a random field.
super yacht = big boat
would be a rigging experts nightmare to try to safely move a boat like that off shore without taking it apart
Can’t believe they Spend $10 million dollars on that while I can have the same Yacht for free with a Ski Mask and a Fake Gun
@@gothicchad6293well, that advice is great, i don't know what you're insulting him for
Sadly it's only a rental; after a while some guys in uniforms will come by to repossess it (and also you as collateral). Also they have Actual Guns.
Haven't seen you comment in ages
@@gothicchad6293 look at your name.
@@imveryangryitsnotbutterThey can't repossess it if I lay enough C4 around it to send it go see it's big brother that took a trip to see the deep sea wildlife in 1912
I know what skeleton crew means, but I’m still imagining a crew of skeletons on the ship
Pirates of the Caribbean?
"turns out one of the ships we seized was the Black Pearl. So. That's going on right now."
I love how the stock footage at 1:15 just casually shows a maritime hit & run! 😂
I was looking for someone else who noticed that 😂
I can’t quite spot it. Can someone help?
@@joshuamoylan7130 Boat on the right side of the canal hits parked boats.
It's ok. Most of the aerial stock footage you see comes from government drone strike videos. Once they edit out the "strike" part they have hours of footage to sell.
@@timmywashere1164 Bro, that is Venice in Italy, I don't think we ever drone striked them.
The best law I can think of is that when public money for maintenance equals the value of the ship, it becomes public property. I also find it hard to believe a few private parties haven't already happened.
1:19 Just witnessed a hit and run as one of the moving boats hit one or two of the three parked boats.
thanks engineer team fortres 2
it almost hit didn’t hit
Guess they should start leasing the yachts to pay for maintenance. It could be more profitable than just selling them.
You can't lease something you don't own.
@@user-op8fg3ny3j I was gonna comment the exact same thing. like the video said, the us government could only freeze them not confiscate
This! Start renting the damn things out! It's not selling them and if it's domestic use they can't get taken back.
@@user-op8fg3ny3j and who, exactly, is going to take the yachts back? Just keep them away from Russia.
@@WalnutBun laws still have to be followed even if you are the government. that's why the government is sued all the time. even if you pass a law around it, said law you've passed will be abused by the government
The Armadea yacht is, speculatively, worth $300 million. The US could hold it for many years at $10 million a year, and still supposedly profit from it if it came to an eventual sale, or at least eventually get the owner/shell companies of it to pay any incurred costs and interest.
That makes sense.
they cost a lot to make, but the second hand market is basically nothing. Super Yachts are one of those thing that you buy new only.
@@smalltime0I'll give em 2k for it, that's like a month's rent.
I'll live in it till the wheels fall off, surely that's longer than a month!
despite this being plausible, the Yacht still loses value over time even if it’s kept in immaculate condition. A yacht like this will take years to sell, unless sold for cheap. say it takes 5yrs to sell the yacht, theyll spend $50mil in upkeep in that time, and the yacht will likely lose around $50-100mil in value over that time. now you’re selling a yacht that was $300mil for $200mil and youve already spend $50-100 million in upkeep
The beauty of this all to the US government is the speculative valuation of the asset. They don’t need to sell it to borrow against it, just to have someone believe it’s worth something, at least long enough until said politicians are out of office, and enjoying their retirement funds.
I love seeing this yacht every single day on the way to work lol, been wondering why it's sat there all year
Never seen a midroll Bellroy ad on a video before. Had my slim wallet since 2015, stitching is still perfect and the only change is leather has only gotten a darker brown and it looks great.
Wow, my dad has been saving up for years to buy a decent 12.5 foot fishing boat, yet The U.S. Government spends $10 million a year on a yacht that dosn't move.
yeah cus they make the money
Imagine how pissed you would be to realize exactly how much money is wasted. If you knew, I'm sure every politician would be axed.
You think 10 mil is bad? Wait until you hear about the US Military
@@grimaffiliations3671 *print money
You have to also put the value of the yacht into perspective if they are maintaining to sell them they spend 10 million a year to maintain the billions of dollars the yachts are worth
This is an amazing breakdown of what is a complex web of international laws, sanctions, and economics. Your proposition of allowing taxpayers to enjoy the yachts they're maintaining is a hilariously brilliant idea. Nevertheless, the unfolding of this saga provides insight into the formalities and difficulties of enforcing sanctions and the hidden costs that come with it. Looking forward to your in-depth analysis and commentary on our increasingly peculiar world.
Can we talk about how in the B-roll of Venice at 1:18 that boat on the right totally side swipes a parked boat?!
Almost hit didn’t hit
Noticed this yacht earlier this morning as I left San Diego airport. Pretty cool to hear its story.
The other result is that because the yacht was seized by a foreign government, under the fifth amendment, if the U.S. sold the yacht, we’d have to pay the shell company the money. A boat costs one tenth of its price per year in maintenance costs. So a hundred million dollar yacht costs ten million dollars in maintenance per year. If any of these countries holds the yachts for ten years, even if they sell them they will lose money. It wasn’t a well thought out strategy. An additional complication is that many of the ogliarchs whom these yachts are purportedly owned by are now dead, having for some reason reason fallen out of a window or being in an automobile accident, complete with bullet holes in the chest. Nothing to see here folks, move along.
If you're gonna illegally take property, i dont see why you can't illegally destroy, sell, or at least not maintain it.
It was taken legally. That's what sanctions are. They cannot (at least not yet) seize it, but they can freeze it.
That's the point. It's NOT illegal. The States can confiscate the boats legally under suspicion of being owned by sanctioned individuals. Just like the cops can confiscate goods suspected to be stolen. But to seize and sell it the state needs to prove that claim! And the states don't want to illegally take them as that would undermine rule of law which Russia has proven doesn't make you very popular.
So... the sunk cost fallacy in action. Check.
If the cops seized your house or car on even the slightest suspicion that it was purchased with illicitly gained money, they can sell it right away or keep it for whatever use they choose. Good luck ever getting it back.
They should be leasing these out to private charter companies to rent out like a floating air b n b.
Unless the person they take stuff from lawyers up and can afford to keep those lawyers lawyering.
Why is civil asset forfeiture only used against people who can’t fight back?
If it’s a legitimate legal tactic why not use it here?
"Sink it, plunder it, profit" lol
What about Canada's sitation with the largest airplane in the world. It was delivering COVID supplies to Toronto Pearson Airport just before the federal Minister of Transport issued the NOTAM (Notice to Airman) closing Canadian airspace to Russian-owned or controlled aircraft. Thus it cannot fly. The Government of Canada has frozen it as a result of our sanctions, and are now starting court proceedings to seize the asset as property of His Majesty in right of Canada (confiscation basically). But, in the meanwhile, the airplane cannot move and the not-for-profit Greater Toronto Airports Authority whcih leases and operates Toronto Pearson Airport is charging it massive parking bills. But GTAA cannot get those parking bills paid because Canada won't allow transactions with Russia and of course the Russian company ain't to keen to pay a parking fee because it cannot fly its airliner.
"Confiscating" and "seizing assets" are merely legal sounding terms for stealing and robbing. I understand that the govt might want to freeze assets because of some concerns but as soon as those concerns are mitigated, the assets should be returned to their rightful owners.
@@JasbirSingh-zj1fgI’m sure Canada would hand the plane over the second Russia left the Donbas and the Crimea.
@@JasbirSingh-zj1fg The government can seize assets obtained by crime. So for example, if someone uses money from selling illegal drugs to buy a car, the government can take the car.
@@jacktattersall9457 Fair enough. But then these valid sounding terms should not be used when there is no evidence that the assets were obtained via crime. For example, the yatches and other property of Russians that was forcibly taken by western governments.
Also, if the assets were bought via crime, only the govt of the country where those crimes happened, have the right to seize assets. It isn't other govts job to do the police work for them.
But having said that, I fully understand that this is war; Russia is our governments' enemy; our govt wants to ensure that those assets can't be used by the enemy for war purposes *so they're frozen.*
But once the war tensions go down, those assets should be returned- for the simple reason that they're not ours. We are not their rightful owners.
@@JasbirSingh-zj1fg In the case of the Antonov aircraft, Canada will be giving it or the proceeds of its sale to the Republic of Ukraine after the seizure process is completed.
Definition of a boat: A hole in the water lined with wood/fibreglass/steel/whatever, into which one throws money.
You missed 1 , GIVE IT BACK !!!!!
Teak is know for almost not molding and rotting that's why they are used. Probably the wood under it to keep the teak in place is molding and that's the problem.
This more than anything just makes me wonder why yachts are a thing in the first place
Seems like you could take a few steps to at least mitigate costs a little? Take them up a river (fresh water), in a slightly cooler climate (reduce mold), to a middle-of-nowhere dock (save mooring fees)? Dry docking is another idea but they'd have to find somewhere super cheap and dry-docking boats of that size aren't cheap so they'd have to build their own? You could climate control it if it was inside but those are still huge boats to dry-dock indoors.
The popular wisdom is that boats are an endless money pit. Glad to see it's not bunk.
A boat is like a bouncy castle, but instead of a blower to keep the castle inflated, a boat needs regular cash expenditure to stay afloat. If you don't spend the money, it will literally sink. And yet, I want one so bad! I understand that it's like wanting a sucking chest wound, but I still want one. Like, WTF is wrong with me?!
Nothing wrong with you. I really want one too. If everyone would look at it from a financially logical perspective, the recreational boating industry simply wouldn't exists.
No nothing wrong with you . I have lived in Florida a long time now , lot's of boats . Cost depends on the boat of course and the depth of your pockets . 16 foot fishing boat used in fresh water not to bad . Something to take off shore in salt water ,,,,,,, have plenty of disposable income . the "break out another thousand " is not a joke .
That’s why the best times of a boat owner is when he buys and sells it.
"Lord knows my taxes do far worse stuff than pay dock fees."
_faint logo of Lockheed Martin and RTX_
Nice
Buying seized sanctioned yachts is like buying land without a clean title. Depending on the outcome of the Russia-Ukraine war. The person who bought the yacht would be left holding the bag. When the owners their seized property back when the war is over. After a long and expensive lawsuit. The courts could order the buyer to return the yacht and pay compensation to the owner.
It's the reality of red tape unfortunately. On one hand it is important to maintain due process and there is the issue of proving all three matters for legal reasons, on the other hand I personally think we should just set them aside and moth ball them to ensure they won't case damage as they decay in port until the cases are settled.
I mean the best situation would just abandon them and auction them off when possible. There's no way the profits from auctioning it will cover the maintenance costs anyways, just let it rot. Someone will aways bid for it no matter how rotten it is.
@@rubiconnnThe problem with auctioning them prior to a definitive legal ruling is it creates a legal nightmare. A legal nightmare horrid enough that an activist lawyer might pick it up purely to challenge the ability of the state to seize and even confiscate items. It's genuinely too messy to do anything other than leaving it alone and wait for the cases to be resolved.
That's essentially what we're currently doing, it's just that mothballing a yacht requires constant expensive attention and upkeep.
@@rickascii What I'm saying is leave it mothballed and waste money on upkeep and just leave it floating until it's sold later. Fixing it can be the rich buyer's problem instead of the taxpayer's problem.
The government works in this way. When the poor do some crime, especially when it's against someone rich, they have absolutely zero issues finding who's responsible and pushing them, sometimes without even a fail trail (like with Assange). While when the rich do pretty illegal things, you can never touch their properties because nothing is ever proven and it's always considered more complicated. Basically, the law is made by the rich for the rich.
Sam's the only person to measure the amount of yachts in metres 😂
I’m suspecting he’s not American.
probably not the only person considering, you know, literally the rest of the world uses meters 😂
@@junctwhat I meant is that he said 600m instead of like 15 yachts
@@o_s-24it's over compensating for being American cuz they do the opposite, they measure distances in terms of yachts or football fields
Better than using bald eagles
Oh my god. the "petition for public yachts" city council meeting was actually a good idea after all.
That final idea wasn't actually that bad if modified a bit, just rent them out to the public at maintenance cost.
Seized = ‘Stolen’
🎯
love all the comments trying to act like they know the law better than the government and coming up with "solutions"
Love the comic con and the Bop it joke
The government should allow corporations to rent them for parties and whatnot, with this caveat: they must pay for all of the extra operation and cleanup, etc, as well as for each day they rent the boat, they must also pay for a day's worth of use for a non-profit org as well. Hell, if they did this, then I think it would be fine if the corporation wasn't charged a rental fee (they will already have to pay a lot for the staff and fuel while using it)
cant they just park them in navy dockyards to save on docking fees, and I'm sure there would be plenty of navy engineers who would jump at the oppotunity to work on a ship like these, if nothing else it's great experience for their careers after the navy
I think navy trying to keep navy dockyards open so they can maintain US navy ships.
It still costs money to do all the stuff that needs to be done, that's why those docking fees exist in the first place. It still costs the Navy a lot of money to have its own ship docked, we just don't see it usually because it's "internal" (i.e. Navy paying Navy personnel and Navy contractors and using supplies from Navy stockpiles; there are still things paid for buy it doesn't get seen outside the organization the same way a business-to-business transfer is visible).
vote for half as interesting to be taken over by amy
We were next to Amedea in St Maarten just before she made an escape for Fiji.
First, saw this video about a week ago, at work today at the Everett shipyard harbor working on a generator and it was right behind me. I was wondering why it looked familiar
loved the daft punk reference
I understood that reference
i really wanna see someone show up to one of these boats and demand to be let on because they are paying for it and then show their tax receipts as proof
This'd just result in someone being sent away because that's not even remotely how anything works, lmao
Your taxes pay for area 51, doesn't mean you can see the Aliens.
that daft punk reference reached DEEP into my soul
So if the governments will be wrapped up in court over these either way, then why not be wrapped up in court over the destruction of the yachts? Sending the proceeds of the sale to Ukraine is a nice idea... if the yachts can actually be sold, but since they can't, clean them out and sink them. What are they gonna do, sue us more?
Could use it for tactical training, not everyday an assault and or rescue team gets a chance to train on a yaught of this size, even if they do have these vessels in local waters
I'd imagine turning a luxury boat into a military training ground would devalue it
Seems like one of the few occasions where civil asset forfeiture may actually be good for Americans.
While I'd rather civil asset forfeiture weren't a thing even in this case, if it's going to be a thing the government constantly abuses, seems stupid to not attempt it here.
Funny Enough I flew through San Diego the other week and I'm pretty use that big floater just sitting there and was wondering what it's deal was.
I'm so glad I get to help pay for this. It's amazing what the government will spend money on
So tax payers are being used to maintain billionaires' yachts... that's old news here in the US....
Let's use it to house San Diego's homeless!
2:59 Wasted an opportunity to name it the "Dilly Bar" and celebrate the delicious Dairy Queen classic.
1:18 did he just side swipe that parked boat😂😂
Use it as a homeless shelter
I'm about to go homeless. I hope they do.
They can't. The boat must be blemishless to be useful. And unplundered.
I think that would cause the devaluating that they don’t want
@@Hypogean7they're also just flat out not allowed for reasons mentioned in the video, lol
Why not bill the Russian Oligarchs for upkeep (or whoever it's titled to)? When they don't pay sell the Boat.
@teeing9355
28 minutes ago (edited)
Why not bill the Russian Oligarchs for upkeep (or whoever it's titled to)? When they don't pay sell the Boat.
-- Because of the catch 22 he mentioned in the video. They can't use the financial systems they are banned from.
because its not our boat and there was no contract or anything. Personally I'm curious why the government is all of a sudden following the law in this scenario when they tend not to in their own conflicts, but generally I think its a good thing the government follows their own laws
also Sam explained that they literally can't pay
Why would they pay for a boat they’ve had stolen off them?
@johnwright3426 well when you use illicit money it is a bit harder to claim ownership.
This guy obviously has not spent anytime onboard a yacht of this size, or traveled at sea with this level of luxury.
I love bellroy, I'm glad you were sponsored by them.
Today's Fact: The world's largest land predator is the polar bear, which can weigh up to 1,500 pounds.
Wrong. It’s your mother, who weighs over 2 tons and is always on the hunt for brownies.
Honestly, it just makes me safer knowing that there's nothing _even worse_ than a bear
Which is about 8.5 times less heavy than an African elephant
@@joaovitormatos8147While a hippo is technically not a predator, I would say they are worse
But what about frogbreads
So it seems like most of the maintenance costs come from the fact that he ships are in the water
Why not pull it on land? Store it somewhere, like any Military Base or something, and keep it there?
There must be a reason I'm not seeing
The hull isn't designed to rest on blocks or anything. If you remove the ship's hull from the support provided by being in the ocean then you risk the thing breaking in half.
@@therandomidiot4994 you can dry dock boats that big, they're built on land in the first place. Its incredibly expensive to do for a long time though, usually its only done for maintenance
@@therandomidiot4994 thank you :)
I'm in on this idea. Let me know when I can schedule my one hour party time. 🎉
Air b and Boat 😂
Heh. My best friend's son is on the short-list to become the next captain of the Amadea! We're all glad mainly that he'll be in San Diego for a while, instead of always at sea.
So they are stolen, got it
😢
I would say we are reaping our just rewards for this, but our politicians print whatever money they want anyway.
Edit for clarification: Printing money is bad.
the government doesn't have or not have money, money just comes into existence whenever they need it. Kind of like points appearing on the board after someone scores in a sports game
@@grimaffiliations3671 Yup. Unfortunately doing so also depreciates any savings you may have and makes your wages worth less with each passing day. Basically inflation is a tax for everyone implemented by the stupid.
Wrong, the goverment doesn't have any money. It lend it from bankers, that printed it for free, for a nice interest.
@@seytanuakbar3022...Banks dont print money, the federal reserve does, and its very much a government agency.
@@asahearts1And it also depreciates the dollar against every other currency, and if the US is caught lying about their financial system, they risk everyone recalling their treasury bonds at the same time, basically causing a cascading effect of raising interest rates, and an unstable economy. I mean, that debt is REAL debt owned by REAL people. If i buy $1 million in treasury bonds, the US debt goes up by another $1 million dollars plus interest... if people arent confident their investments are real theyll pull out and all of a sudden the US had a massive bill to pay and no money to pay it. They could print money, but then the value of that bond has gone negative, which effectively seals the deal that people wont loan the US money. I mean, would you loan money to someone that, when shit got tough, decided to pay you back 10% of the loan and tell you to go fuck yourself? Of course not.
They should rent these out as event spaces. Even if docked in port.
I thought you were going with Technologic there for a second
You missed the third thing they could do: return the boats back to Russia.
In scale, $10,000,000 per year in a country's budget is very little. If you look at all the shit projects governments put money on, the upkeep of a yacht is surprisingly not on the top of the stupidity list. Not even close. Finnish government, for example, just bankrolled a research project called "Fishing in Norway and it's effects on the women's rights" for 500,000€. The other funny one was funding the anti-smoking campaign in Yemen for 200,000€. 🙃
Wondering what would happen if that Maltese company that legally owns that boat would be sold to someone that is not part of the sanctions.
The thing is, this yachts exists in a first place because it consumes a lot of money doing effectively nothing. Rich people doing this just to show how rich they are, to show they have so much money so they actually burning their money by buying things which require costly maintenance even if it doing nothing.
So arresting this yachts doesn't really have much sense as a punishment.
And i even believe it would be very difficult to sell this yachts because who the hell actually needs them? People who are rich enough wants such toys to be made exclusively for them because this is essentially just a stylish way of burning money. And it doesn't have sense from that perspective to buy a yacht which was built for someone else. If you're a billionaire you want YOURS personal pit for throwing money in. That is the point.
And if you really want to punish bad rich guys, you don't take their costly toys from them. You take their businesses instead, the sources from which they have the money.
“The US Gov” doesn’t pay for anything. The sooner ppl realize that the better we’ll all be…
right, like how I don't pay for my groceries, my boss does because she paid me the money
@@electricnezumi No wonder we’re in this mess. This is profoundly ignorant. Holy crap we’re all doomed. Thank you for proving my point. You really can’t make this stuff up lol
@@electricnezumi your money is earned through voluntary exchange for your labor, production, or service. The government does not earn money nor is taxation voluntary.
Half as Interesting senpai, notice me! Give me the heart!
gross
Imagine being a Russian oligarch, your boat gets seized with a broken sewage system. Somehow you get it back only for it to be in better condition upon its return.
In 2020 saw one of these mega-yachts quietly docked on a private wharf in Costa Rica. Google showed it was part of a Russian gangster's divorce case and it was hiding out.
It's incredibly petty to steal private property because they are rich guys from a country you don't like.
They invaded said country and these people help finance it.
Exactly. This seems just karma lol
Russian oligarchs aren't just wealthy individuals, they're knee deep in the corruption that goes all the way to the top. Just like our oligarchs.
If I'm not mistaken, it's not just because they're Russian. There are specific people on that list that have ties to the Russian government.
@@Pyxis10and when you take their boats they will stop? :) Very smart
IT'S A TERRORIST BOAT JUST SELL IT
Look who is talking, fatmarican from United States of israel, that attacked 200 countries of the world.
I didnt know it didnt move 😂. We have a Marina near by so i thought it was just stored there
I feel like there should be a way to winterize them & shove them into dry storage. Sure would be cheaper.
🇵🇸 Free the Palestinian People 🇵🇸
❤️
Two of the hardest LLC secrecy sources are, SURPRISE --- the US (Delaware & Wyoming).
I think they should sell raffle tickets for week long stays. Have the ticket price be less than $10 so every citizen can afford the hope of winning it.
Another example of government incompetently bumbling into unintended consequences none of the government officials face consequences or pay the cost for.
0:39 like that daft punk nod over there :)
That thumbnail made me believe I misremembered the end of The Lost World: Jurassic Park
You can't use these like a cruise ship because those things were designed to pack a maximum number of guests while effeciently serving them the best.
These yachts were built for the fun of 1 man. There's a few more bedrooms but there's still no way it'll make a profit. Cuz super yachts were designed to 'lose money' in the first place.
Lmao imagine your government spending tens of millions of dollars a year of tax payers' money on a yacht that the tax payers can't even board.
I don't have to imagine. I'm an American this is daytime 😢
BOAT stands for Bust Out Another Thousand
Send Amy to the Ship!
If you ever feel like you've got a desire to buy a boat, then you can perfectly simulate the experience by doing the following:
1) Put on four times as many items of clothing as normal
2) Get into a cold shower with the water at maximum pressure
3) Start tearing up huge wads of hundred dollar bills non-stop.
Now you know what it's like to own a boat!
Who does the insurance money go to if there was an "accident" that destroyed the boat?