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Odd things rich people are buying.....

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Odd things rich people are buying.....

Old 05-15-19, 06:45 PM
  #51  
Trevtassie
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Oh yeah, the Greek Shipping Billionaire inherited most of his wealth.
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Old 05-15-19, 07:25 PM
  #52  
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I have two fixed gears and am by no means rich. Though maybe it is the brakes that is causing me to not have wealth? Certainly the eeBrakes on the Langster are, they are the best rim brakes out there bar-none but they are not cheap. The "article" if you could call it that was pretty terrible but fixed gear bikes are pretty awesome and do not have to be in the realm of hipsters and rich people but a bike for all and for the longest time the only kind of bike till they invented those derailleurs.

I love my geared bikes a ton and have a bunch of them but there is something magical about riding fixed. For those who haven't done it I recommend getting one and trying it out. Especially one with a decent drivetrain that is quiet and smooth. They are fun and simple and easy to deal with and are a nice thing to have around. Even a single speed is a ton of fun.
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Old 05-16-19, 08:33 AM
  #53  
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Originally Posted by downhillmaster View Post
Define rich and please explain to me how the majority of rich people get their money.
Do you know any rich people?
If you do, how did they get their money?
They certainly didnít all inherit it
The US consistently ranks poorly among developed countries in measures of economic mobility. Most wealth in the US is inherited wealth. (or a result of inherited privilege)

If you want to realize the "American Dream" it's a lot easier to do it in Canada or Norway.

https://www.brookings.edu/wp-content...awhill_ch3.pdf
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Old 05-19-19, 03:46 PM
  #54  
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Yeah, lots of research went into that one! Typical for msn these days though.
Tim
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Old 05-19-19, 08:38 PM
  #55  
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Originally Posted by downhillmaster View Post
Define rich and please explain to me how the majority of rich people get their money.
Do you know any rich people?
If you do, how did they get their money?
They certainly didnít all inherit it
To be fair, define work. For instance, how do you measure work in economic terms? What are the units of measure? Joules? Hours? Dollars? Salvation points?

I know plenty of rich people, typically successful business owners and early stage investors in the tech sector. In my observation, the primary ingredients of success are: Wealth, education, and work, in that order. Education fits in the middle because it's a form of wealth. I'm not talking about the "super rich" who can live comfortably on the capital gains from an inheritance, but a slightly lower stratum where wealth, education, and work, all support one another. I'm rich, and the wealth of my family is a combination of inheritance and "work" whose value (in dollars of course) is strongly tied to education.
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Old 05-20-19, 10:00 AM
  #56  
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Originally Posted by tkamd73 View Post
Yeah, lots of research went into that one! Typical for msn these days though.
Tim
Not sure if you're referring to the link I posted, but yes... a lot of research went into that one...

And, the Brookings Institution is neither Microsoft Network (msn?) nor is it a media outlet (msm?).
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Old 05-20-19, 10:03 AM
  #57  
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Originally Posted by clengman View Post
Not sure if you're referring to the link I posted, but yes... a lot of research went into that one...

And, the Brookings Institution is neither Microsoft Network (msn?) nor is it a media outlet (msm?).
He was obviously referring to the OP.
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Originally Posted by chandltp View Post
There's no such thing as too far.. just lack of time
Originally Posted by noglider
People in this forum are not typical.
RUSA #7498
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Old 05-20-19, 10:07 AM
  #58  
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Oops! I forgot that the original article was on microsoft network. My bad!
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Old 05-20-19, 10:11 AM
  #59  
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__________________
Originally Posted by chandltp View Post
There's no such thing as too far.. just lack of time
Originally Posted by noglider
People in this forum are not typical.
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Old 05-20-19, 01:27 PM
  #60  
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Originally Posted by Trevtassie View Post
Yep, I think billionaires have some kind of mental illness, if they were collecting anything other than money they'd be locked up in a hospital. For some reason collecting way more money than you could ever use is socially acceptable.
That's because there is no moral mechanism instilled into the one-percenters. In the US it's all about obtaining riches, not how to spend them or to do the moral thing and put back. You can live in a castle or a McMansion and never put out a dime philanthropically. And the chasm between the haves and the have-nots just continues on to the brink of a social revolution.

I'm not advocating Socialism or even Marxism....just that if you find yourself 'rich', how about you put back? How much can you take with you when you die? Do you like the idea of your heirs fighting over your fortune and ruining lives? How much is too much, Jeff Bezos et al? Honestly, our democracy has to cave at some point if the one-percnters have the lion's share.

Kevin
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Old 05-20-19, 01:35 PM
  #61  
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Originally Posted by Real1shepherd View Post
Do you like the idea of your heirs fighting over your fortune and ruining lives?
If you die with enough, it's far less likely that they will fight over it. Just sayin'.
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Old 05-20-19, 01:39 PM
  #62  
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I have heard this as well, the less there is at stake, the more vigorously people fight over it. But if everyone knows they're getting millions no matter what, the details are not quibbled over as much.
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Old 05-20-19, 01:42 PM
  #63  
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The super rich crazies buy things like a Mediterranean villa for their Shih Tzu or a helicopter to transport alpacas to their private zoo. Ride bicycles? Nah...they don't.

Didn't P Diddy buy his son a one third of a $Million M-B Maybach for graduating from high school?

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Old 05-20-19, 01:50 PM
  #64  
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Originally Posted by indyfabz View Post
If you die with enough, it's far less likely that they will fight over it. Just sayin'.
Not necessarily and certainly not a given. People can change their will at the last, rendering whatever previous paperwork you had on hand, toilet paper......all the things you planned for over the yrs, right out the window. Also, people/family hold grudges forever.

I lived through this and the larger the family, the more the 'certainties' can be undone. For example....if you're an heir and your patriarch had financial holdings all over the country, you will have to hire an attorney in each venue to challenge a will. Lawyers only consider contingency fees if they think they can win. Things can get more complicated, expensive and overwhelming that most can imagine. It's not at all like it is on TV/Movies. You'd be surprised what your 'rights' as an heir really are.

Kevin

Last edited by Real1shepherd; 05-20-19 at 01:54 PM.
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Old 05-20-19, 01:59 PM
  #65  
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Originally Posted by Real1shepherd View Post
You'd be surprised what your 'rights' as an heir really are.
As a lawyer and someone who has probated an estate, not really. Just saying that if there is an extremely large pie, there is less of a chance people will fight over the size of the slices. But since I have no kids nor anyone I think deserves whatever I may have left after I am gone, it's all going to not-for-profits. The major named beneficiary is a cycling-related one.
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Old 05-20-19, 02:05 PM
  #66  
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Originally Posted by Phil_gretz View Post
The super rich crazies buy things like a Mediterranean villa for their Shih Tzu or a helicopter to transport alpacas to their private zoo. Ride bicycles? Nah...they don't.
I saw Ben Simmons and Kendal Jenner in my Local Whole Foods over the winter. I thought I heard Simmons ask a worker what aisle the jump shots were in.
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Old 05-20-19, 02:09 PM
  #67  
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Originally Posted by indyfabz View Post
As a lawyer and someone who has probated an estate, not really. Just saying that if there is an extremely large pie, there is less of a chance people will fight over the size of the slices. But since I have no kids nor anyone I think deserves whatever I may have left after I am gone, it's all going to not-for-profits. The major named beneficiary is a cycling-related one.
That's great on you.....and yes, it's true there is less of a chance people will fight over a larger estate......assuming everything is written correctly, trusts formed, the IRS taken care of etc. I had all that paperwork and was fine with it, although the patriarch didn't make an attempt to shelter enough from the IRS...but that's quibbling because there was plenty for all. However, there were conniving siblings and wills were changed and changed again before the matriarch died.

Kevin
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Old 05-20-19, 10:06 PM
  #68  
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Originally Posted by clengman View Post
Not sure if you're referring to the link I posted, but yes... a lot of research went into that one...

And, the Brookings Institution is neither Microsoft Network (msn?) nor is it a media outlet (msm?).
Nope, only the OP’s link, didn’t bother to read yours. Only meant to respond to the original poster.
Tim
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Old 05-20-19, 10:39 PM
  #69  
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I'm so rich I hired a salmon to ride my fixie - fish gotta eat too

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Old 05-21-19, 06:36 AM
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Rich people are now into model trains.

Warren Buffet, Michael Jordan, Elton John...

$6000 stainless steel locomotives, custom designed electronics, changing scale model foliage in fall and snow in winter...

Apparently all the fashionable households have large train layouts.


-Tim-
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Old 05-21-19, 07:26 AM
  #71  
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Originally Posted by Happy Feet View Post
I'm so rich I hired a salmon to ride my fixie - fish gotta eat too

Reported to PETA!
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Old 05-21-19, 07:59 AM
  #72  
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Originally Posted by indyfabz View Post
Reported to PETA!
Originally Posted by Happy Feet View Post
I'm so rich I hired a salmon to ride my fixie - fish gotta eat too

You forgot the "No fish were harmed in the making of this BF post" disclaimer.
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Old 05-21-19, 12:52 PM
  #73  
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Rich’ism must end !
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Old 05-21-19, 04:17 PM
  #74  
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Originally Posted by Happy Feet View Post
I'm so rich I hired a salmon to ride my fixie - fish gotta eat too

@#$%^ Salmon on the road always annoy me, the only thing that's worse is a Ninja Salmon....
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Old 05-21-19, 08:53 PM
  #75  
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I'll have you know all my cycling salmon are hand selected after an extensive auditioning process. Here are some at the Adams River try outs last October


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