Yep, companies give “unlimited PTO” because it’s a way to actually reduce the amount of PTO employees take.
Give them 20 days PTO/year? They’ll take around 20 a year.
Give them unlimited PTO? They need to justify every bit of PTO, so probably only get to take 4 or 5 for important days.
Because even if this was implemented, rich assholes will find ways around it.
That house? Oh it’s owned by an LLC that rents it from the company I own for $1a month, I then house sit as a second job for $1 a month.
That car? Same deal.
My internet, home phone, electricity, water, insurance and all other home expenses? Paid for by my company as part of WFH rules for executives.
I also have regular business meetings in Hawaii and other overseas locations for business purposes.