Re:What It’s Like to Grow Up with More Money Than You’ll Eve...
by drew1492 on Friday March 29, 2019 @06:25PM
(#19526174)
That comment is using net worth, not yearly income, as the yardstick.
Re:What It’s Like to Grow Up with More Money Than You’ll Eve...
by tsunamifury on Friday March 29, 2019 @07:22PM
(#19526448)
If you look closely I delineate that in my comment as that’s why some of those brackets are off.
At the 10-30mm liquid bracket you are quite rich and can already buy any car you want, most homes based on income (3-5m/y+). Already at this bracket you can ALREADY call and talk with local and state level politicians regularly. And if you are a real smart mover, national politicians occasionally.
After that you get bigger boats, bigger yachts and maybe more headaches around international trade issues and regulations, but broadly not much else. You can indulge in some things you maybe can't get at the lower level -- but the brackets this person made up seem fictional. The major differences are your ability to invest and create companies/non-profits with little effort.