partial_accumen , 11 hours ago

I believe it’s peer pressure once you have that kind of money. They are so far from reality they just don’t think about it. All their cocaine-buddies ramble about how they “deserve it” to throw money out of the window, they worked so hard yadda-yadda.

There was a fantastic write up on Reddit 6 or 7 years ago where a person that rubbed shoulders with the rich explained the drastic differences in behavior between different strata of the rich. He cited there are absolutely those that spend excessively to try to appear more rich than they are. I think the net worth of this category was between $20 million and $200 million (those numbers are from memory). Above that those rich largely don’t do that anymore, and are surprisingly more practical. If someone has a link to that, I’d love a re-read of it. It was very eye opening.