One like = one opinion on RICH PEOPLEhttps://twitter.com/vgr/status/1206048741901209600 …
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4/ Some of the most generous people are rich people. The right kind of generosity and social skills can get you there.
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5/ Rich people should paying higher tax rates, but not so much that they lose the majority of their income to taxes. There’s something inherently demotivating about giving up more than half.
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6/ The median Rich person is willing to put in more hours of work than the median non-Rich person
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8/ A decent percentage of rich people are playing the game harder so they can afford to fly private. Flying private is like a time machine.
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9/ American culture makes it OK to feel superior to other people when you’re rich.
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10/ Encouraging the existence of rich people is generally good for economic growth and for society as a whole.
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11/ Rich people tend to have more inflated egos than the median person.
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12/ Rich people tend to have more eccentric hobbies, partially to signal that they’re unique
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13/ Being rich gives you a lot of breathing room, which can obviously be either squandered or parlayed into Great Works
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15/ Most rich people are deathly afraid of being poor. Like it impacts them much more than a typical middle class person.
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16/ Most rich people care about giving up 6% on the sale of their homes just as much as you do
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17/ Otoh, putting too much effort into saving a few dollars here and there will make it harder to get rich. That time needs to go into finding and making bets with asymmetric payoffs (lose small, win big)
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18/ The way you got rich tends to define what kind of rich person you are more than anything. Old money vs new money, obviously…
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19/ … but even more so, consider conservative business man vs startup moonshot vs deep value investor
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20/ Being rich is one of those things where you can become it by acting that way, to a degree. Fake it till you make it.
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21/ You’re not really rich if you make 500k and have kids in NYC. You certainly won’t feel rich.
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22/ Rich is a state of mind to a large degree. Mostly a function of who you surround yourself with. In college, making $100k a year I felt like a fucking god
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24/ Status can be converted into money more easily than money can be converted into status h/t
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26/ Soviet Russia had rich people too, they got it mostly from status + theft
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27/ I would rather be middle class in America than rich in China
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29/ While it’s better to have loved and lost than never to have loved, I’m not convinced that it’s better to have been rich and then become poor than just to have been poor the whole time
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30/ Being liquid rich is a very different feeling than paper rich (experiencing this now, not very fun)
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32/ Most people are only rich on paper. Therefore most rich people don’t feel rich.
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33/ Rich people are extra frustrated by bureaucracy because they’re used to being able to pay for better service.
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