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Topic: Critical Issue: What is "rich"?

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betarhoalphadelta

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Re: Critical Issue: What is "rich"?
« Reply #112 on: May 23, 2023, 12:48:50 PM »
The taxi one is interesting because they combined improved UX with dodging regulations.

Taxis might’ve been able to hold on longer with appropriate foresight and innovation, but they didn’t see what was coming. (And that allowed us to be socialized to have randos drive us places)

847badgerfan

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Re: Critical Issue: What is "rich"?
« Reply #113 on: May 23, 2023, 01:34:30 PM »

Yep, things change. Sometimes for the good, and sometimes for the bad.
U RAH RAH! WIS CON SIN!

FearlessF

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"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

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Re: Critical Issue: What is "rich"?
« Reply #115 on: June 14, 2023, 01:32:20 PM »
U RAH RAH! WIS CON SIN!

FearlessF

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Re: Critical Issue: What is "rich"?
« Reply #116 on: June 14, 2023, 01:36:01 PM »
wealth
noun
an abundance of valuable possessions or money.
"he used his wealth to bribe officials"

the state of being rich; material prosperity.
"some people buy boats and cars to display their wealth"

plentiful supplies of a particular resource.
"the country's mineral wealth"
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

FearlessF

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Re: Critical Issue: What is "rich"?
« Reply #117 on: June 14, 2023, 01:37:01 PM »
Americans generally choose non-financial assets when asked to choose which better describes wealth

What????
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

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Re: Critical Issue: What is "rich"?
« Reply #118 on: June 14, 2023, 02:53:09 PM »
Need to strike a balance. Money is good but it doesn't buy everything.
U RAH RAH! WIS CON SIN!

FearlessF

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Re: Critical Issue: What is "rich"?
« Reply #119 on: June 14, 2023, 02:55:53 PM »
I agree, but wealth is $$$ and materials and assets

not good feelings
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

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Re: Critical Issue: What is "rich"?
« Reply #120 on: June 14, 2023, 03:03:07 PM »
We are living in a "feelings" era.

Where should I send your trophy?
U RAH RAH! WIS CON SIN!

bayareabadger

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Re: Critical Issue: What is "rich"?
« Reply #121 on: June 14, 2023, 06:12:02 PM »
We are living in a "feelings" era.

Where should I send your trophy?
If I could do one thing in the world, it would be to burn that metaphor to ash.

It’s just meaningless enough to apply to anything, plus the actual root is about parents and not kids.

(That’s a lie. I’d do something better for the world, but two work beers has me a little feisty)

Cincydawg

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Re: Critical Issue: What is "rich"?
« Reply #122 on: June 15, 2023, 07:21:48 AM »
I can afford most anything we want to do that is reasonable and rational.  I'd like to be able to get first class tickets to say Tokyo and not worry about the price, but I can't.

I won't pay $7 K per to fly to France and back per.

847badgerfan

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Re: Critical Issue: What is "rich"?
« Reply #123 on: June 15, 2023, 07:36:38 AM »
If I could do one thing in the world, it would be to burn that metaphor to ash.

It’s just meaningless enough to apply to anything, plus the actual root is about parents and not kids.

(That’s a lie. I’d do something better for the world, but two work beers has me a little feisty)
This is true, but we are seeing the results now.
U RAH RAH! WIS CON SIN!

Cincydawg

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Re: Critical Issue: What is "rich"?
« Reply #124 on: June 19, 2023, 08:18:43 AM »
Do you think you’re rich? Here’s what Americans say (fox5atlanta.com)

It takes $2.2 million to be considered wealthy 

According to Charles Schwab, this year’s survey of 1,000 respondents revealed there is a paradox between how people define wealth for themselves and how they define it for others. 


Cincydawg

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Re: Critical Issue: What is "rich"?
« Reply #125 on: June 19, 2023, 08:34:42 AM »
My own vision of "rich" probably means something like what most would consider "truly wealthy", a person who has no concerns about spending for just about anything.  He or she would have a private chef cooking at least dinner most nights.  They could fly first class or use a private jet (rented, not owned, that starts to get excessive).  They could donate $100 K to something and not really have a thought about it.  They'd have a "personal lawyer" and financial advisor on call, a personal trainer, a travel agent person largely on call for them (and maybe 10 others).  

"Hey, Julie, we want to go to Paris, please set us up for two weeks there.  I want a car to pick us up and available to take us around when we need."

And of course there is "extremely wealthy" where you might really have your own Gulfstream, not too many get there.  That's more in the billionaires category where you realize you'll never spend as fast as you're making it in most years.

It could be that folks who largely have it made always consider the next level to be rich, and not them, because they have constraints.

 

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