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Rich (Now with the Upper Middle Class) Rich (Now with the Upper Middle Class)

08-25-2014 , 03:00 PM
I am!
08-25-2014 , 03:31 PM
You can't even afford a Bentley with that kind of income.
08-25-2014 , 03:53 PM
Quick budget for our 8 million dollar man

Main house -- 80k per month, call it a million per year
2 vacation houses -- 20k/mo each, another half million a year
maintenance/utilities/gardening for properties -- 15k/mo
decorating -- 300k/year
Education for 7 ****heel kids -- 50k/year each, 350k per year
wardrobe/electronics/etc for kids -- call it another 50k/year each, 350k total
wife allowance -- 25k/month -- 300k/year
wardrobe for husband -- 50k/year
wardrobe for wife -- 200k/year
car leases/insurance -- 30k/ month (this obviously depends on how many kids are driving, could be maybe double) 360k/year
servants -- 500k/year
butler -- 210k/year
vacations -- 750k/year
restaurants/entertainment -- 100k/year
misc -- 1 million/ year

That's just over six million a year
08-25-2014 , 03:56 PM
I don't know what kind of butler you think you're going to get for 210k/year. Do you live in Paraguay or something?
08-25-2014 , 03:57 PM
Also, you probably meant to put "entertainment" in ironic quotes, lol.
08-25-2014 , 04:00 PM
Yeah entertainment is probably low I guess? I mean that's like 300 bucks a day, I can't imagine spending more than that but I'm not rich. Bump it up to like 300k/year maybe?
08-25-2014 , 04:01 PM
The other two million goes to hookers and blow.
08-25-2014 , 06:48 PM
Quote:
Originally Posted by SenorKeeed
Quick budget for our 8 million dollar man

Main house -- 80k per month, call it a million per year
2 vacation houses -- 20k/mo each, another half million a year
maintenance/utilities/gardening for properties -- 15k/mo
decorating -- 300k/year
Education for 7 ****heel kids -- 50k/year each, 350k per year
wardrobe/electronics/etc for kids -- call it another 50k/year each, 350k total
wife allowance -- 25k/month -- 300k/year
wardrobe for husband -- 50k/year
wardrobe for wife -- 200k/year
car leases/insurance -- 30k/ month (this obviously depends on how many kids are driving, could be maybe double) 360k/year
servants -- 500k/year
butler -- 210k/year
vacations -- 750k/year
restaurants/entertainment -- 100k/year
misc -- 1 million/ year

That's just over six million a year
Man this is obscenely rich, I can't imagine how someone could spend any more and be any better off (other than in a "keeping up with the Gateses" manner). Not sure how you could spend 200k in a year on one person's wardrobe - what's the wife doing, gathering a vast collection of gold encrusted dresses?
08-25-2014 , 06:50 PM
The husband's wardrobe being 50k is waaaaaaaaaaay more of a stretch than the woman's being 200k
08-25-2014 , 06:55 PM
I don't think you can even begin to understand the costs of maintaining a wife while living in Kensington, and you're not even considering the horses we need to have in Somerset.
08-25-2014 , 07:34 PM
People come on, did we learn nothing from Mittens and the tax returns, people making $15 million do not pay ordinary income tax rates
08-25-2014 , 07:35 PM
I know, my first impulse was to say this 15 million dude needs a better accountant, but I thought I'd just play along with Suzzler
08-25-2014 , 07:40 PM
My $15M person is a special snowflake.
08-25-2014 , 07:42 PM
Actually, he's

Spoiler:
08-25-2014 , 10:02 PM
Quote:
Originally Posted by Nichlemn
Man this is obscenely rich, I can't imagine how someone could spend any more and be any better off (other than in a "keeping up with the Gateses" manner). Not sure how you could spend 200k in a year on one person's wardrobe - what's the wife doing, gathering a vast collection of gold encrusted dresses?
Man, that's not even enough to buy decent shoes for each day let alone a dress and a purse. Surely you don't expect her to ever wear the same thing twice! Something aroud $5k a day is much more reasonable, putting the wife's clothes at around $2 million a year. And that's really just the bare essentials of not being a poor.
08-25-2014 , 10:11 PM
50k a year goes quick... a non-special edition Rolex president will chew up half of that budget, even with pretty steep discounts you get (yes, rich people get discounts, especially if you got an Asian last name, not joking)

And you only have enough left for 2 or 3 outfits at Bergdorf Goodman, and that's being a little price conscious.

I judge 50k to be too low.

Spoiler:

for idiots. Men's fashion just don't vary that much unless you want to go full metro. Most pieces can be recycled for years, at least refreshed with just some twists.

Women's fashion's a different story for a huge number of reasons, not the least of which is women's clothes aren't built to last.

Last edited by grizy; 08-25-2014 at 10:24 PM.
08-25-2014 , 10:28 PM
Quote:
Originally Posted by Riverman
I don't really have an opinion on whether you are rich or not, but you're absolutely one of the least likable posters around.
Hmmm maybe he did go to princeton instead of fake princeton like I thought
08-29-2014 , 08:17 AM
Quote:
Originally Posted by FlyWf
I don't think you get why it sounds bad. I think you believe it sounds bad because it's callous and tone deaf, but it actually sounds bad because it's incredibly stupid. Like at the core point, why is it so important to you to not be labeled rich? Figure that out, and everything will fall into place.
Fly,

I forgot about this, but was generally curious at the time. What did you think the answer to this was? The professor in the OP didn't want to be labeled rich because he didn't want to pay an extra 3% on income over 250k but I already said I don't really care about that. I can't really think of another reason why it would be so important to somebody to not be labeled rich unless they clearly weren't.
08-29-2014 , 09:16 AM
Quote:
Originally Posted by SenorKeeed
The husband's wardrobe being 50k is waaaaaaaaaaay more of a stretch than the woman's being 200k
God you're so poor.
08-29-2014 , 04:36 PM
Quote:
Originally Posted by SenorKeeed
Quick budget for our 8 million dollar man

Main house -- 80k per month, call it a million per year
2 vacation houses -- 20k/mo each, another half million a year
maintenance/utilities/gardening for properties -- 15k/mo
decorating -- 300k/year
Education for 7 ****heel kids -- 50k/year each, 350k per year
wardrobe/electronics/etc for kids -- call it another 50k/year each, 350k total
wife allowance -- 25k/month -- 300k/year
wardrobe for husband -- 50k/year
wardrobe for wife -- 200k/year
car leases/insurance -- 30k/ month (this obviously depends on how many kids are driving, could be maybe double) 360k/year
servants -- 500k/year
butler -- 210k/year
vacations -- 750k/year
restaurants/entertainment -- 100k/year
misc -- 1 million/ year

That's just over six million a year
LOL at wife allowance. I would assume a chick married to a dude making $8 mil+ per year is going to want so much more than that. Hell she could spend her whole yearly allowance on one necklace.
08-29-2014 , 07:18 PM
That's why you have to keep her on an allowance...
08-29-2014 , 07:25 PM
The most unrealistic thing is no mistress allowance/hush money.
08-29-2014 , 07:26 PM
What do you think the one million miscellaneous is for?
09-05-2014 , 10:59 PM
Quote:
White families hold 90% of the national wealth. Hispanic families hold 2.3% of the national wealth. Black families hold 2.6% of the national wealth. The remaining 5.1% of the national wealth is held by others (natives, Asians, Pacific Islanders, multi-racials, etc.)
Quote:
The top 10% of white families own 72.3% of all white wealth. The bottom half of white families own 2.2% of all white wealth. The remaining white families (those in the 50th to 90th percentiles) own the remaining 25.5% of white wealth.

This means that the top 10% of white families own 65.1% of all the wealth in the nation. The bottom half of white families own just 2% of the national wealth. And the white families in the 50th-90th percentile of white families own 22.9% of the national wealth.

All white families have more wealth than their non-white counterparts, but it is really the upper half of whites—and especially the top 10% of whites—who own nearly everything.
http://www.demos.org/blog/9/5/14/top...ost-everything
09-06-2014 , 09:03 AM
Quote:
Originally Posted by dessin d'enfant
Fly,

I forgot about this, but was generally curious at the time. What did you think the answer to this was? The professor in the OP didn't want to be labeled rich because he didn't want to pay an extra 3% on income over 250k but I already said I don't really care about that. I can't really think of another reason why it would be so important to somebody to not be labeled rich unless they clearly weren't.
Why are you phrasing this like you're some objective third party collaborating on this, though?

I sincerely have no idea why you do it, you're the one who did it, you explain it. I would certainly never talk down to a homeless person and explain that they don't understand my struggles in the middle class because after I spent my paycheck on food and rent I only have a few hundred dollars a month that I can blow on whatever I want. This is because, in addition to basic social skills, I'm not a ****ing moron.

      
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