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There is, if nothing else, the opportunity cost of where that money could have been productively invested instead of wasted to no effect.

Money and wealth aren't directly connected (IMHO a critical and underrated aspect of understanding real-world economics), and it is true that money rarely justs evaporates. Wealth can, though, and even merely inefficiently applying money can build up to an opportunity cost. There were better things to do with that money than to spend effort making it, then piss it away.




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