Rich people things that legitimately rich people don't do?

BetterThanThou

By that I mean things that poor/average people do that are considered things mostly rich people do, but rich people don't tend to do them.
One I think would be buy Rolex watches, rich people don't tend to do that, whereas many poor/average people buy them to seem rich.

Pay for drinks?

highly1111

Talk about money

For Forks Sake

Carry wads of cash.

darkpagandeath

Is it not the more money you have the more free stuff you get ...

BNMC

Question makes no sense.

LETHAL LADY

Buy fancy clobber and spray themselves with expensive aftershave/perfumes. Most of the really wealthy people I know dress like they are off to shoot some pheasant and smell musty.

marketty

An expensive new car every year

wazky

Eat fish eggs on crackers.

Hande hoche!

Stockpile ferrero rocher.

L-M

Spend money.

Littlehorny

The few genuinely rich wealthy people that i have met have been very unflashy is there is such a word.

FizzleSticks

This post has been deleted.

Tommy Dillon

http://www.youtube.com/watch?v=AHo2pXO_XAI&feature=share&list=PLAEF2450B6DA06972

Sky King

Pay tax (relatively speaking)

Mr. Incognito

Sky King wrote: »

Pay tax (relatively speaking)

??

Poor people pay no tax.

Rich people pay the most (relatively and actually)

MyPeopleDrankTheSoup

buy $1000 bottles of vodka in VIP sections of nightclubs

Artful_Badger

Work.

Call Me Jimmy

BNMC wrote: »

Question makes no sense.

That's harsh it just makes very very little sense.

mikemac1

Look down on low paid workers

I never worked in retail but I spent years in hotels. Met many millionaires and they were the soundest people you could meet. Used to money and they are comfortable in who they are

The worst were the middle aged, well to do, middle class women. Just loved to sneer at you behind the counter

What about things the illegitimately rich do?

The Diabolical Monocle

Go to events in a pink stretched limo.

Beat their staff.


(Rather, we just have them sleep outside).

Mint Aero

mikemac1 wrote: »

The worst were the middle aged, well to do, middle class women. Just loved to sneer at you behind the counter

Never have I agreed with a post so much. *Mashes thanks button*

jobeenfitz

Mr. Incognito wrote: »

??

Poor people pay no tax.

Rich people pay the most (relatively and actually)

Do poor people not pay VAT? (value added tax)

Sky King

jobeenfitz wrote: »

Do poor people not pay VAT? (value added tax)

Yeah! And excise on all the packs of johnny blue and cans of stella?

Napper Hawkins

Look down on people with less.

hfallada

Rich people dont buy new cars. They will be drive a 1993 Volvo with no shame. I have a neighbour who earns well over €250k a year and spent a day last month trying to find decent second hand tires with thread in scrap yards, as his tires on his 93 volvo failed the NCT.

Sky King

hfallada wrote: »

Rich people dont buy new cars. They will be drive a 1993 Volvo with no shame. I have a neighbour who earns well over €250k a year and spent a day last month trying to find decent second hand tires with thread in scrap yards, as his tires on his 93 volvo failed the NCT.

Ah for **** sake!

Decent tyres aren't some wastefully extravagant luxury - they're the only point of contact between your 100KPH one tonne vehicle and a wet road.

There's a difference between been comfortable with yourself enough to be seen buying lower cost stuff and being an out and out fking cheapskate!

prince of peasants

Join protest groups like 'Occupy Dame Street'.

Arrow.

I know someone who is very wealthy and they don't carry on like the faux-rich middle class Irish.

It's quite funny, they're all up to their eyeballs in debt, but hey, they've the house and a Range Rover....wow. :rolleyes:

Simply, they don't have that heir of arrogance and delusion of grandeur about them.

Renegade Mechanic

The few genuinely wealthy people Ive met or know are actually sound enough. But good LORD they are tighter than a ducks arse!! I remember trying to keep a straight face ase a fella told me of his inconvenience one week day having to drive to his renting house (vacant at the time) in order take a bulb out because one of his own had blown!

Galwayguy35

I think people who started out with nothing and made their fortune through hard work are the people who have no airs and graces about them compared with the spoilt little shítes who were born into wealth and who live off their parents money.

the_syco

Mr. Incognito wrote: »

??

Poor people pay no tax.

Rich people pay the most (relatively and actually)

Indeed.

Rich people things that legitimately rich people don't do?

As per the OP, the thing that legitimately rich people don't do is not pay tax, as illegitimately rich people don't pay tax, as their work doesn't get taxed...

Renegade Mechanic wrote: »

The few genuinely wealthy people Ive met or know are actually sound enough. But good LORD they are tighter than a ducks arse!!

Of course. You don't become rich by donating to the local charities. Most rich were once poor, but not spending becomes habit, and soon enough they have lots of money, but no idea what to do with it.

And then their offspring gets it, and you get a rich spoilt brat :mad:

LETHAL LADY

People born into a long line of wealth (I mean inheriting an estate) are usually very affable and mix well with their peasant workers and even have a long connection with them. The new wealth with their Gucci handbags and Versace suits are dickheads imo.

Meangadh

Yeah definitely agree that people who grew up with money don't really think much about it, youoften wouldn't even know they had it.

The "new money" during the Celtic Tiger was the worst- no class about them at all. Literally more money than sense.

Karl Stein

Mr. Incognito wrote: »

Rich people pay the most (relatively and actually)

Relative to their wealth?

Not true.

MyPeopleDrankTheSoup

relative to their income, they do. income tax in this country is progressive last i checked.

steddyeddy

Mr. Incognito wrote: »

??

Poor people pay no tax.

Rich people pay the most (relatively and actually)

Every hear of VAT?

pappyodaniel

Buy their own fags on a night out.

georgiecasey

georgiecasey wrote: »

buy $1000 bottles of vodka in VIP sections of nightclubs

False. One time in the bar I was working in, a very well known millionaire came in with two friends and ordered 3 bottles of Cristal (@€;750 each!) and she drank hers topped up half n'half with....




...Red Bull.

Seaneh

The richest person I know personally, who makes about $3.5million per year, drives a mid range honda in the states and an opel zaffira in Ireland and flies economy class with delta everywhere.

Most people assume rich people drive stupidily expensive cars and fly first class. I find this to be false in reality.

steddyeddy

The poor in the country suffer most in terms of VAT hikes, increases in VAT, increases in energy prices and drops in wages in the lower percentile have a much greater impact on poorer people than they do on better off people. It's ludicrous to think otherwise. A poorer person loosing 10% of their take home pay will be impacted more than a much wealthier person losing 30% of their pay. So I wish people would say wealthier people take the "burden" in a recession. They pay the most tax but their lifestyle is impacted to a much lesser degree.

Capt'n Midnight

Mr. Incognito wrote: »

??

Poor people pay no tax.

Rich people pay the most (relatively and actually)

FFS

That only applies to declared PAYE.


Rich people can avoid most taxes and can claim rebates that poor people can't.

Top rate taxpayer doesn't pay tax on taxsaver tickets, bike to work, VHI, pensions, bin charges , mortgage interest relief
Poor person can't get the funds together to pay for such stuff up front.

Rich people pay themselves via shell companies , and tax free loans and shares and thus almost avoid income tax completely. Ignore wages and look at the tax rate paid on total income. Rich people pay far less than the average industrial wage.

Rich people can afford accountants to look for loopholes. You'd be amazed at the tax writeoffs you can get.

Unless you've been living under a rock you may have heard about the recent recession, well for us anyway, the rich haven't suffered.
http://www.bloomberg.com/news/2014-01-02/billionaires-worth-3-7-trillion-surge-as-gates-wins-2013.html

The richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals.

Stock markets are at a high. The last few years have shown that the theory that wealth created at the top will trickle down to benefit everyone is just complete tosh.

On a micro economic level why are wages still low but service charges still rising ? Because the only place I can see the difference going on is to shareholder pockets. Fuel is more expensive but only accounts for a few % of GDP so it's not that.

steddyeddy

The richest person I know is the most down to earth person you could meet. He's a scientist who worked his way up from nothing and is now worth 33 million and deserves every penny. Came from the slums of Dublin and you couldn't find a nicer gent. He maintained that those who earn it also earn class and those born into wealth don't.

WilyCoyote

They don't get obsessive about keeping an extremely neat and tidy house.

steddyeddy

Capt'n Midnight wrote: »

FFS

That only applies to declared PAYE.


Rich people can avoid most taxes and can claim rebates that poor people can't.

Top rate taxpayer doesn't pay tax on taxsaver tickets, bike to work, VHI, pensions, bin charges , mortgage interest relief
Poor person can't get the funds together to pay for such stuff up front.

Rich people pay themselves via shell companies , and tax free loans and shares and thus almost avoid income tax completely. Ignore wages and look at the tax rate paid on total income. Rich people pay far less than the average industrial wage.

Rich people can afford accountants to look for loopholes. You'd be amazed at the tax writeoffs you can get.

Unless you've been living under a rock you may have heard about the recent recession, well for us anyway, the rich haven't suffered.
http://www.bloomberg.com/news/2014-01-02/billionaires-worth-3-7-trillion-surge-as-gates-wins-2013.html

Stock markets are at a high. The last few years have shown that the theory that wealth created at the top will trickle down to benefit everyone is just complete tosh.

On a micro economic level why are wages still low but service charges still rising ? Because the only place I can see the difference going on is to shareholder pockets. Fuel is more expensive but only accounts for a few % of GDP so it's not that.

Brilliant post. If I hear one more person say rich people take more of the burden I wont be held responsible for my actions :S

Karl Stein

steddyeddy wrote: »

Every hear of VAT?

And the more rich you become the more likely you are to have assets, stocks and shares, property, creative accountants, a second home abroad to become non-domicile etc.

This, of course, ignores that the rich should be paying more tax relative to their wealth anyway seeing as they're benefiting most from the economy.

Here's what the oft cited Capitalist's hero Adam Smith has to say about the matter.

It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

Wealth Of Nations: Book V

Pat Mustard

I'm rich biatch!

https://www.youtube.com/watch?v=nDX0j80h2rk

WilyCoyote

steddyeddy wrote: »

Every hear of VAT?

Vear And Tear?

ceadaoin.

steddyeddy wrote: »

The poor in the country suffer most in terms of VAT hikes, increases in VAT, increases in energy prices and drops in wages in the lower percentile have a much greater impact on poorer people than they do on better off people. It's ludicrous to think otherwise. A poorer person loosing 10% of their take home pay will be impacted more than a much wealthier person loosing 30% of their pay. So I wish people would say wealthier people take the "burden" in a recession. They pay the most tax but their lifestyle is impacted to a much lesser degree.

Do better off people not also pay vat and have higher energy bills to contend with? Not everyone paying the highest tax rate, which is 41%, are millionaires so they are affected by these things.

Capt'n Midnight

ceadaoin. wrote: »

Do better off people not also pay vat and have higher energy bills to contend with? Not everyone paying the highest tax rate, which is 41%, are millionaires so they are affected by these things.

If you are rich you have the option of living in a passive house and/or installing solar panels / wind generators if you think the payback time is justified. Selling back to the grid means you might possibly come out ahead.

Also rich people are more likely to have companies to offset VAT against.

Poor people are the natural pray of the prepay utility meters who have the highest price energy. And they typically live in less well insulated homes so fuel costs are a far greater proportion of their income. So much so that there are up to 2,000 excess deaths every winter and one of the main causes is the choice between spending on fuel or food or other such luxuries.


The stats are very clear on this. http://www.publichealth.ie/healthinequalities/Fuelpovertyandhow

In Ireland around 70% of excess winter mortality from cardiovascular disease and respiratory disease arises in the poorest socio-economic groups.

http://jech.bmj.com/content/54/9/719.full

There are 30 000–60 000 excess winter deaths in the United Kingdom annually. In Ireland, the equivalent figure is 1500–2000 deaths. This winter surplus accounts for a rate of seasonal variation in mortality of 15%, among the highest in Europe.2 Paradoxically, Ireland has a relatively mild winter (mean temperature of 5°C) whereas countries with more severe winter conditions exhibit significantly lower variations in seasonal mortality (for example, Denmark and Norway have mean winter temperatures below freezing but 5% seasonal mortality variation).2 This paper hypothesises a link between poor housing standards (in terms of thermal efficiency and heating systems) and high rates of excess winter mortality in Ireland.