Thank you China for introducing me to the phrase “IQ tax”, which applies to objects such as NFTs and balenciaga trash bags.
@hacks4pancakes in the UK you'll sometimes hear the national lottery called the "idiot tax"
@MortonRobD @hacks4pancakes Came to say this. I've heard people in the USA (especially one brother-in-law) refer to the lottery as the "idiot tax" or the "stupid tax."