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It causes people to stay in incompatible and sometimes abusive relationships, both out of the difficulty of the divorce process and the social stigma which still applies to divorcees.
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A pretty hefty number of the practices involved are frankly outdated, especially the whole 'giving away' of the bride thing.
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A lot of governments put some pretty large tax benefits on marriage, especially in inheritance tax.
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The wedding industry is outright exploitative in a lot of cases.
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It still has an intrinsic religious subtext, although this is quite a minor one for me.