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this post was submitted on 02 Aug 2024
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Is it really wasteful though? Especially if they’re classic cars, it’s not like the money is thrown out the window. The value is still here, just in car form instead of stock/bank account form.
Now vain on the other hand…
It’s wasteful to own more than one or two cars, let alone dozens regardless of how well they hold value.
What would you rather do with all these old classic cars that require a great amount of money to keep running, then?
How about putting that money towards museums for these cars that allow the general public to appreciate them as well instead of letting them languish in somebody's private collection. This would also have the benefit of creating more jobs and helping to improve the flow of money in the economy.
Or take that money and lay off a handful fewer people
Yeah! I like this idea. Not sure how feasible it is but I’d sure like to see some billionaire at least try it.
Main problem with this I think is who would get to drive them? Because they need to be driven at least a little to keep their shape and to make sense. Not all people could drive them because they need to be driven carefully, which most people can’t do (brand new track day cars are famously beaten up even after a few years, not exactly the same context but something to keep in mind).
This is why a museum would be perfect. You'd have trained employees to maintain the cars, including taking them for a drive. Plus, you could even sell rides in some of them the way they sell rides in F1 cars. Add in car shows and a cycling of the cars on display the way museums don't have their entire collection on display at all times, and the cars would probably hold up better in the long run.
Ideally, you'd do this with government money pulled from a wealth tax or a foundation rather than trusting some billionaire to do it and maintain the museum.