Earlier quoted context omitted.
It's hard to agree on that, because I'm not a US citizen. Anyway what NASA / EU space programs are doing is far more significant for humanity ( IMHO ) than what Facebook Oculus and Snapchat are trying to achieve, so it looks really unfair.
Those 'toys' create thousands of jobs. They create demand, which means people work to purchase them. That work brings value to society (person x helped build a bridge, y did a dental implant, z built a yacht (horrors, a toy for a rich person, but recursively read this post)). This is how economics works. You can't artificially split out some random activity, decide it is 'frivolous', and tax it out of existence. We a…
Ponzi schemes for example are illegal. Gambling creates no net value so it is tightly regulated. Cigarettes are a net drag on society so they are highly taxed.