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I mean, one way to look at it is just that graffiti is just... fine, really. It's not generally a huge deal in the scheme of things.

In Portugal you can see poetry being embedded in graffiti which is awesome, TBH

And this attitude is why there is so much of it.

Why don’t you call it what it is: destruction of public property?

Factually, the property isn't destroyed. Beyond that, I think the street art often enhances it and otherwise is easily ignored.

You may see it differently, but what you see isn't "what it is", it's just your perspective.