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You forget that rich people do not care about showing off their money to the middle class. They care about showing off to their peers and above. And that costs
by return0 11y ago
You forget that rich people do not care about showing off their money to the middle class. They care about showing off to their peers and above. And that costs a lot.
- deleted 11y ago[deleted]
- drzaiusapelord 11y agoYeah this. If you're worth eight or nine figures, dropping $25k for hobnob with a celebrity is probably no big deal. From a percent of wealth perspective, its cheaper than what a middle class family would spend at Disney World.
- simonh 11y agoIt reminds me of something Neil deGrasse Tyson once pointed out. You or I might not stoop down to pick up a nickel off the floor, because it's not worth it. But maybe we would for a quarter. As a fraction of a decent middle class salary, a quarter is worth picking up. A similar fraction of Bill Gates wealth is worth about $35,000. For some people, what's big money for you or me is small change.