> He doesn't get to keep the boat,

He doesn't keep the title, but otherwise he keeps the boat. It's in his slip, it's maintained by his crew (well a company he pays to crew it). That's how it is, today. You can see this in harbors around the US.

The public is in the EXACT same denial about the politicians reading the laws they pass. It's fantasy to think that the corruption isn't blatant.