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Most people are probably excited to be getting refunded for books they have already read.

Probably the refund does not account for inflation, though.

500 dollars today may not have the same purchase power of 500 dollars a few years ago.

Yes, I am always disappointed when the unexpected refunds for things I considered worthless don't account for inflation.

That's not the point of a personal library.

What if they didn't care about building a personal library, but only wanted to read a couple of good books?

Would you say going to the cinema is also a waste, because you can not keep the movie you watched?