Rich Kids of Instagram tumblr

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Measley

Junior Member
I think I found my favorite picture on that site.

tumblr_m79golKh2k1rb86ldo1_400.jpg

His face is too small for his head.
 

FStop7

Banned
I don't want that lifestyle, I just want the money. I'd do far more interesting things than take pictures of myself jumping into a swimming pool.
 
The markup at these exclusive clubs is ridiculous. I've been to places where a small 250ml water bottle costed $8 dollars.

Exclusivity and high price will increase the sense of self-gratification.

It's pennies to some of these people, their investment accounts are stacking up thousands while they eat.

When you have that much money you don't even look at the bill.

Many of those places do crazy markups and because they damn well know those people will pay.

Especially when it comes to food. May of them aren't that much different from what you expect from a decent hotel/resort but they jack up the price.

I guess you're right, they don't care.
Oh well at least I'm beautiful and they are ugly. Buy beauty with your gold cards!!! /halfkidding
 

Ultima_5

Member
Watching all these kids get shitfaced off of champagne makse me feel bad thinking about going through $7 bottles of burnetts flavored vodka freshman year =/ fuckers
 

Timedog

good credit (by proxy)
Let me remind myself to never do this kind of stuff in the incredibly unlikely event that I acquire boatloads of cash.
 

ThatObviousUser

ὁ αἴσχιστος παῖς εἶ
I'd be up for it. Someone tell me how I can be as rich as these guys without having rich parents.

"How to Make Wealth"

Best quote:

The Pie Fallacy

A surprising number of people retain from childhood the idea that there is a fixed amount of wealth in the world. There is, in any normal family, a fixed amount of money at any moment. But that's not the same thing.

When wealth is talked about in this context, it is often described as a pie. "You can't make the pie larger," say politicians. When you're talking about the amount of money in one family's bank account, or the amount available to a government from one year's tax revenue, this is true. If one person gets more, someone else has to get less.

I can remember believing, as a child, that if a few rich people had all the money, it left less for everyone else. Many people seem to continue to believe something like this well into adulthood. This fallacy is usually there in the background when you hear someone talking about how x percent of the population have y percent of the wealth. If you plan to start a startup, then whether you realize it or not, you're planning to disprove the Pie Fallacy.

What leads people astray here is the abstraction of money. Money is not wealth. It's just something we use to move wealth around. So although there may be, in certain specific moments (like your family, this month) a fixed amount of money available to trade with other people for things you want, there is not a fixed amount of wealth in the world. You can make more wealth. Wealth has been getting created and destroyed (but on balance, created) for all of human history.

Suppose you own a beat-up old car. Instead of sitting on your butt next summer, you could spend the time restoring your car to pristine condition. In doing so you create wealth. The world is-- and you specifically are-- one pristine old car the richer. And not just in some metaphorical way. If you sell your car, you'll get more for it.

In restoring your old car you have made yourself richer. You haven't made anyone else poorer. So there is obviously not a fixed pie. And in fact, when you look at it this way, you wonder why anyone would think there was.​
 

TxdoHawk

Member
You can hear the desperate cries of "Look, look at me! I'm better than you!" from miles away, especially the receipt shots. I feel bad for most of these kids, honestly. They'll likely never know anything beyond being attractive because of a number in their bank account.
 

Zilch

Banned
You can hear the desperate cries of "Look, look at me! I'm better than you!" from miles away, especially the receipt shots. I feel bad for most of these kids, honestly. They'll likely never know anything beyond being attractive because of a number in their bank account.

Hm, I think I could live with that.
 

TxdoHawk

Member
Hm, I think I could live with that.

Maybe. But can you imagine never being able to fully trust anyone you know, even your supposed "friends", because you never know who is yes-ing you to death so they can keep sucking on your money spigot? I guess maybe if you are born into this life you just don't know otherwise, so it's no big deal...but I think it would bother me immensely after awhile.
 

ThatObviousUser

ὁ αἴσχιστος παῖς εἶ
Maybe. But can you imagine never being able to fully trust anyone you know, even your supposed "friends", because you never know who is yes-ing you to death so they can keep sucking on your money spigot? I guess maybe if you are born into this life you just don't know otherwise, so it's no big deal...but I think it would bother me immensely after awhile.

If it really bothered you, you could disappear Bruce Wayne-style and get a new group of friends that liked you for you, while still retaining dat bank account. Really, being wealthy just gives you more options with how to deal with your problems.
 

Zilch

Banned
Maybe. But can you imagine never being able to fully trust anyone you know, even your supposed "friends", because you never know who is yes-ing you to death so they can keep sucking on your money spigot? I guess maybe if you are born into this life you just don't know otherwise, so it's no big deal...but I think it would bother me immensely after awhile.

I understand what you're saying. I assume this fear is why people tend to be friends with other people who earn/have the same sort of wealth they do, you know?
 

Corky

Nine out of ten orphans can't tell the difference.
100 000 euro once for all that shit or 100 times out at The French Laundry...
 

The Pie Fallacy
Suppose you own a beat-up old car. Instead of sitting on your butt next summer, you could spend the time restoring your car to pristine condition. In doing so you create wealth. The world is-- and you specifically are-- one pristine old car the richer. And not just in some metaphorical way. If you sell your car, you'll get more for it.

In restoring your old car you have made yourself richer. You haven't made anyone else poorer. So there is obviously not a fixed pie. And in fact, when you look at it this way, you wonder why anyone would think there was.​


I think I understand what the Pie Fallacy is getting at, but is this really a good example? I mean, if you restore an old car you're probably going to have to replace parts (ie, buy spares). And if you factor in all the time you spent, the labour cost associated with that means that it'd likely be about even.

If it really was this simple to 'create' wealth in this way, then someone would have created a business around it. And indeed there are garages that refurb and sell on old cars but it's not like they're just magicking wealth into existence. There's costs in the refurbishment, margins etc.
 

Prez

Member
I think I understand what the Pie Fallacy is getting at, but is this really a good example? I mean, if you restore an old car you're probably going to have to replace parts (ie, buy spares). And if you factor in all the time you spent, the labour cost associated with that means that it'd likely be about even.

If it really was this simple to 'create' wealth in this way, then someone would have created a business around it. And indeed there are garages that refurb and sell on old cars but it's not like they're just magicking wealth into existence. There's costs in the refurbishment, margins etc.

You can create wealth in a lot of different. Make a useless piece of shit, let everyone believe it's useful and you have created wealth. No one lost wealth because everyone who bought your stupid product has gained your product (= wealth for them) in return for their money.

Asking $6 for a cup of cappuccino instead of $1 is creating wealth too.
 

Milchjon

Member
I don't want that lifestyle, I just want the money. I'd do far more interesting things than take pictures of myself jumping into a swimming pool.

You might want to read the work of the French sociologist Pierre Bourdieu. He talks about class differences in behavior and mentions the exact same thing you're doing (The attitude of "If I had that kind of money, I'd know much better ways to spend it"). If he's right, I'd have to guess you've not exactly grown up wealthy...

Or don't read him, his writing is awful. But he has some interesting ideas and observations.
 

ThatObviousUser

ὁ αἴσχιστος παῖς εἶ
I think I understand what the Pie Fallacy is getting at, but is this really a good example? I mean, if you restore an old car you're probably going to have to replace parts (ie, buy spares). And if you factor in all the time you spent, the labour cost associated with that means that it'd likely be about even.

If it really was this simple to 'create' wealth in this way, then someone would have created a business around it. And indeed there are garages that refurb and sell on old cars but it's not like they're just magicking wealth into existence. There's costs in the refurbishment, margins etc.

He touches on this in a footnote:

[5] In the average car restoration you probably do make everyone else microscopically poorer, by doing a small amount of damage to the environment. While environmental costs should be taken into account, they don't make wealth a zero-sum game. For example, if you repair a machine that's broken because a part has come unscrewed, you create wealth with no environmental cost.​

No example is perfect but the point remains the same.
 
Meh, good for them kids if they have money and can afford to buy nice things, I ain't even envious as I'm comfortable with my life myself.


However Champagne-pong should be an offense punished by death-sentence. You just don't pour Champagne in fast-food goblets and waste it [/fanatic].
 
You can create wealth in a lot of different. Make a useless piece of shit, let everyone believe it's useful and you have created wealth. No one lost wealth because everyone who bought your stupid product has gained your product (= wealth for them) in return for their money.

Asking $6 for a cup of cappuccino instead of $1 is creating wealth too.

What? Everyone who bought your stupid product has gained a useless piece of shit, while you have their money!

I'm so confused, I never studied economics. Maybe this explains why I never have any money.
 

Gregorn

Member
A normal 17 year old looks for a car to buy. I look for shell corporations. #businessismylife #adaugeopartners by bradmontgomery

I'm older than that and can't afford to look for a car to buy. :(

All rich people look the same. You would think that more money would mean being able to buy a bigger variety of clothes, but they all buy the same really expensive brands.
 
You might want to read the work of the French sociologist Pierre Bourdieu. He talks about class differences in behavior and mentions the exact same thing you're doing (The attitude of "If I had that kind of money, I'd know much better ways to spend it"). If he's right, I'd have to guess you've not exactly grown up wealthy...

Or don't read him, his writing is awful. But he has some interesting ideas and observations.
Nice to see Bourdieu brought up. People should read his stuff, or at least certain sections of his work. I agree though, his writing is just so ridiculously dense. It's obnoxious.
 
I'm older than that and can't afford to look for a car to buy. :(

All rich people look the same. You would think that more money would mean being able to buy a bigger variety of clothes, but they all buy the same really expensive brands.

If anything a lot of these rich people lack a great deal of creativity. All they do is eat and buy shit. I'd construct some stuff or just drive down streets shooting wrapped up cash at people with a bazooka.
 

Alucrid

Banned
You might want to read the work of the French sociologist Pierre Bourdieu. He talks about class differences in behavior and mentions the exact same thing you're doing (The attitude of "If I had that kind of money, I'd know much better ways to spend it"). If he's right, I'd have to guess you've not exactly grown up wealthy...

Or don't read him, his writing is awful. But he has some interesting ideas and observations.

hey bro, you sayin i'd buy hermes bracelets?
 

Aesius

Member
The only thing that makes me jealous of these people is the fact that they don't have/need jobs and have the free time to pursue their hobbies. Which seems to be blowing money, apparently.
 
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