What Money Buys.

[Get Smart]

Originally Posted by aybojs

I just find it hilarious to see the idea of spending of several hundred grand a year on frivolous expenses being brushed off as trivial by peanut gallery posters who probably don't even make a fifth of that before taxes and costs of such boorishly inelegant and pedestrian items as "food" or "housing."


agreed. and I dont think those "jetsetters" are buying off STP, ebay, or waiting for clearance sales either.

 

[johnapril]

Originally Posted by aybojs

I just find it hilarious to see the idea of spending of several hundred grand a year on frivolous expenses being brushed off as trivial by peanut gallery posters who probably don't even make a fifth of that before taxes and costs of such boorishly inelegant and pedestrian items as "food" or "housing."

May I have ******* back?

 

[odoreater]

Originally Posted by Get Smart

agreed. and I dont think those "jetsetters" are buying off STP, ebay, or waiting for clearance sales either.

Or spending 10 hours a day hanging out and posting here.

 

[gamelan]

i think this thread is a great time to revisit the letter from Larry Ellison's accountant telling him that he needs to controls his expenses. i think i saw the original link on the SF a few months ago.

original link:
http://www.sfgate.com/cgi-bin/object...NG62H06991.DTL

letter:



-Jeff

 

[edmorel]

Originally Posted by aybojs

I just find it hilarious to see the idea of spending of several hundred grand a year on frivolous expenses being brushed off as trivial by peanut gallery posters who probably don't even make a fifth of that before taxes and costs of such boorishly inelegant and pedestrian items as "food" or "housing."

Not sure what you mean by this or if it is directed at me but I never said that it was not a lot of money to me nor that I am anywhere near that stratosphere. Just mentioned that if your net worth is 25-75 million (and that there are quite a few people in that bracket and higher), would spending 150K on a watch be "shocking"? As a percentage of income/worth, it's probably less than what you spend on "frivolous" expenses. Also, if you are against such frivolity, why are you inhabiting a board in which people regularly spend big money on items other than housing and food?

 

[Ivan Kipling]

Hmmm . . . maybe that's why the French couture, is on the way out. One such ensemble from Saint Laurent, used to cost 150,000. During the days of 'steamer trunks,' rich women bought entire collections of couture garments. They were a lot cheaper then, but that was when money was money.

I'd have no trouble whatsoever, spending lots of money. To be truthful, though . . . I really think that many luxury items, are made for women to enjoy. And for men, to bankroll.

 

[LabelKing]

What the article also insinuates is that the type of person who spends "that much" has certain problems: "Indeed, it would take a curious psychological composition to comprehend spending $147,000 a year on watches..." Actually, there is a moralising tone to the entire article, which I don't like.

 

[dah328]

Originally Posted by LabelKing

What the article also insinuates is that the type of person who spends "that much" has certain problems: "Indeed, it would take a curious psychological composition to comprehend spending $147,000 a year on watches..."
I don't wanna sell anything, buy anything, or process anything as a career. I don't wanna sell anything bought or processed, or buy anything sold or processed, or process anything sold, bought, or processed, or repair anything sold, bought, or processed, you know, as a career.

 

[summej2]

Originally Posted by rajesh06

I am hoping you meant "not a lot of money to some people"

I would hate to think that there were a lot of people that could afford this kind of expenditure. I thought I read somehwhere that there are around 8,000 billionaires in the world. Assuming you need to have a net worth of $10 million or more to spend $300K a year on these things.

Even with a net worth of 10 million, $300k is quite a bit to spend. If I were to scale this to myself, I'd be dressing a lot better than I do now... moreover, spending does not go linearly with net worth, in general.

 

[kitonbrioni]

High spending on luxe goods by the wealthy supports the economy and the makers of luxe items. The workers who make them and sell them might otherwise be greeters at Walmart.