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Not that one would want to.
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Why do you think people wouldn't want to? If you cruise some of the social networking book reader sights you will see where groups of friends do this all the time. They establish an Amazon account and everybody puts in an amount of money, usually via gift card. They then group buy the book. You temporarily de-register your Kindle from your own account, register it to the group account, and download your book. Then you move back to your own Amazon account. Most licenses restrict a Kindle book to 6 devices at one time, but a few will have a smaller number.
Especially with high Agency pricing. If a book costs $14.99 - I'd much rather share that bill with 5 of my closest friends than buy it all on my own.
