Mass arson
So I was thinking about property damage. Obviously a big part of the concept is that the purge keeps the economy running with all the repairs, security, etc. Also, they have limited the amount of damage one can cause by keeping it 'Class 4 weapons and lower'. But what's to stop people from lighting an entire block on fire? Or starting massive forest fires in California, or burning down Central Park?
I feel like way too much damage could be caused by a group of individuals to be worth it.
Otherwise they covered up a lot of potential holes fairly well I thought.