How bad does it hurt your car and brakes to burn out?

I read a site that said pull the handbrake up tightly and rev the car to 3500 rpm to burn out. How bad does this hurt the car? How about the brakes and the engine?How bad does it hurt your car and brakes to burn out?How much MONEY do you have to spend? Tires(60$ to 400$ a piece), Full replacement of brake pads and rotors (80$ to 500$, depending on make and model), Replacing a PARKING brake cable( 100$ to 300$ again depending on make and model),Engine and trany repairs( hundreds to thousands of dollars!) Fines if caught by police(50$ to 500$ depending on where and under what circumstances you are caught), Body damage from tire exploding from excesive heat( a few Hundred to a couple grand). Hospital bills due to exploding tires( Ask a guy who changes tires for a living). Yea thats about it.How bad does it hurt your car and brakes to burn out?You are so funny! You always ask the most random questions. But anyways Ive done it before and its not good on the car, I was lucky and only had to put in $1800 to fix mine, but it could have been worse. It was fun but unless you have a juncker other than another car...dont do it, the couple seconds of fun costs in the end.