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I believe that spending on Luxury items is in the form of Indirect "Taxation" and the revenue passes through many economic zones.
And in a different way it has got a snob value as expressed by our senior expert Mr. Vinod Jetley.
In most cases fair amount of disparity exist between real value and luxury . But sometime real value is way above you pay now. like Patek philippe watch was sold with original value of50000 $ but then resold in one million and then in3.5 million$.
