I understand where you are coming from and I agree. However, since I don't have a yacht like everyone here, so I don't have a black hole in the ocean to throw the money away. In other words, I have more disposable income to buy some toys that I need which it may save lives.
I also have a few sailing buddies who have been spending lots money on their boat, but haven't have the money or desire for a life raft as yet. I thought i would buy a life raft and leave it on their boat when sailing off shore; I think it is fair. In the past two years, I offered money to cover some of their expenses, they always refused to take my money.
When I have my own boat in a few years, The raft is still there.