Conspiracy finally gets to the bottom of why people like (((modern art)))

1  2019-12-13 by capthazelwoodsflask

7 comments

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Fuck you dude. You don't just get to believe what I'd been thinking the whole time now that it's convenient for you. First apologize to me for your original opinions, shithead.

And look: the fact that you just very recently had those problematic opinions does not just mean that you get to be woke within a matter of clicks; you still have a lot of rethinking to do. So shut up. Say you're sorry, SHUT THE FUCK UP, and start listening: the adults are talking, and what we have to say will impact generations to come.

Snapshots:

  1. Conspiracy finally gets to the bott... - archive.org, archive.today

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I can't really argue that seems about right.

This is likely somewhat true:

https://newrepublic.com/article/147192/modern-art-serves-rich

Yet the most troubling examples of the exploitation of art for financial gain are perfectly legal. As Adam outlines, collectors and their agents have continually found creative ways to use their art holdings to defer paying taxes, including the establishment of private museums and foundations, storing artworks in offshore freeports where they can be exchanged without incurring customs duties or VAT, and loopholes in the tax code such as “like-kind” exchanges. Originally set up in the 1920s to aid farmers by enabling them to defer taxes on livestock trades, “like-kind exchanges” are now regularly invoked by art collectors in order to avoid paying taxes on the sale of artworks: So long as a collector uses the proceeds of the sale of one work to purchase another within 180 days, the tax obligation can be perpetually kicked down the road.

This isn’t even disputed. Most higher up people in the industry are well aware of this. The only thing wrong with this is conspiracy thinking that they’re clever for noticing.

wtf I love art now

This seems accurate. I can 5hink of no other reason for any of this.