Stuff Rich People Do

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They have very large expensive beach cottages, which they use to house their many children and grandchildren and friends of the children and grandchildren (which is how I got to see this first hand.) The daughters or wives mostly don't have to work, so stay at the beach all summer; the Dh's fly down to see their wives and kids on the weekend. They were very generous and provided food for everyone in the house and took us out to eat.

When my friend and I left the house, she turned to me and said "was that just a fantasy or do people really live like that?" It was really nice and I have never experienced anything like it before or since.

In many European countries, this is pretty common both in the upper AND middle classes.

OK, dads drive (not fly) to the nearby beach house/ condo in the weekends, and said house/ condo is way less spacious, but essentially everything else is the same.

Something is broken in our country.

This is so LOL to me. Something is broken because the middle class can't afford second homes. Not, say, the income gap, the homeless people, that still not everyone has insurance, etc.

Seems you don't get it. First PP was saying "was that just a fantasy or do people really live like that?" when describing a lifestyle than would require $500k+ in the US but (with some frugal adjustments and family sharing) less than $100k in many countries in Europe. Why? Precisely because essentials like education and healthcare and retirement are already taken care of there...so people can focus on quality on life and family, not on killing themselves working.

You are delusional.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When you refer to HHI you are not rich. You may be very well off, but you are not rich if that HHI spigot can ever be turned off.

True. Rich is when you only care about the net worth you've already accumulated...and you minimize HHI, covering expenses while minimizing taxes.

Which, incidentally, is why we should introduce an annual wealth tax and reduce income tax rates.

Right, because you are surely entitled to a share of the wealth that someone else has already created. Assume that you love estate taxes as well. Everybody hand over their money for the greater good!

And we certainly want to discourage those folks who might consider saving and investing their money.