Why do rich people waste their money?

Question

They get big houses for one person. One guy went to space. The list goes on forever. Why don't they use it to help the less fortunate? ;)

AND WHY DO PEOPLE KEEP USING GAY/RETARD AS AN INSULT? Do we around calling stupid people by other inflictions/personalities? ;)

POOR PEOPLE ARE NOT LAZY! ;) Don't judge what you don't know! ;)

Answer 1

To some extent, I completely, wholeheartedly agree with you. There are people who actually have more money than they can physically spend in their lifetime, and when coupled with interest, their future generations will never need for anything. Yet, they keep on, raking it in a hoarding it away, when there are homeless shelters closing, children dying of disease, and single mothers going hungry to feed their children. It makes no sense. At some point, wouldn't you just say, "I'm done," and use the rest to actually make the world a little less terrible? Maybe that's because of how I was raised. I'll admit it, my father makes quite a bit of money. Now that I'm married and have my own life, they have more expendable income. Rather than buy a big house and a fancy car, they fixed up the house they bought when they were dirt poor in the 80's, bought a nice used car, and donate considerable money to animal and human rights foundation. They're happier that way. They've asked me if I want extra money, but I'm good. Hubby has a good job, I'm an author, we don't want kids, we have a nifty wheelchair-accessible car...it's not needed. Why would I need it? To have someone do more for me so I can do less for myself? Like I can't fold our underwear and my husband can't vacuum?!? That defeats the purpose! I'm a strong person because of how much I've accomplished on my own, not because of what someone else does for me because I pay them.

To another end, I also understand privilege *to a point*. If someone is SO busy, and they make enough money, sure, I see having someone come clean the house. Do I understand hiring someone to walk the dog you had your assistant's assistant buy you as an accessory for the great Gucci suit? No. I understand the Gucci suit, toward a degree, though. Goodness knows I'm a sucker for higher quality clothes. They really do fit better and the fabrics are of much higher quality. Do I understand paying $10,000 for an outfit that'll be out of mode next season, anyway? Heck no. I don't even get most of the prices on "timeless" pieces. I've had just as many compliments on my Target dress as I have on designer ones.

I also understand wearing nice jewellery. I have a couple of cool heirloom pieces I'm proud of, and the Other Half didn't slouch when he picked out my engagement ring, but when you have to look for more places to adorn, you're done. Diamonds are supposed to be rare, beautiful, appreciated for their fire and uniqueness, like a beautiful woman, not collected, hoarded, and crammed onto things just to make them cost more. Ditto fine Champagne. I went to university for oenology, so I respect the grape, treasure it, and savour the complexities in fine wines. It's a treat, not a substitute for pop.

Basically, I think that luxury is great...to an extent. After that, make yourself useful.

And to everyone that says, "they worked hard," I can't say I agree with you. I've actually noticed a direct correlation with the amount of money you make and how little you do. The more my dad makes, the less he does. When he worked hard, we were poor. Each time my husband gets a promotion, he has less to do and more people to blame if something goes wrong. How can you say that a wealthy musician works harder than a warehouse or factory worker? The musicians on street corners work harder than they do and beg for pennies! And how, I dare all of you, can you say that someone who plays a sport for a living deserves more money than a TEACHER?!? A teacher??? They should be the highly-paid rock stars! They help expand the brains of the generations, and can help make or break a kid's outlook on a lifetime of learning! I know I wouldn't be anywhere without teachers! I also understand that I don't have the patience to be one of them, and for that, they have my undying respect and gratitude.

Answer 2

Why does anybody "waste" their money? I know of people who woudln't be considered "rich" by society's standards, but don't spend wisely.

How do you know what the guy who went to space does with his money? He might have spend more money on charities than what he did on his shuttle ticket.

As for the dude in the big house, how do you know he doesn't donate both time and money to Habit for Humanity?

Since I know nothing about these people, I cannot say for sure. I just know if they want to flush their money down the toilet, figuratively or literally, it's their business. Me, I realize every penny, every bit of material and non-material objetcs I have are blessings from God and I try to use them wisely, which includes sharing both time and material posessions to help others.

It's like when I went to the plasma center to supplement my meager income last school year. I put that money into savings, which has helped me able to stay home this school year while my husband is working as a student pastor. Anwyay, I would see people at the center in fancy clothes-- Sneakers, designer sweat suits, etc. Now, for all I know, they could be doing something similar to what I was doing, i.e., donating so they could buy their fancy name brand clothing. I don't know. I just knew I couldn't justify spending money on the new shoes I needed then and I still need now.

I don't know, so I can't judge.

Answer 3

I'm sure they do charity and at the same time spend a lot of money. Once you're rich normal things that normal people do won't make u happy anymore cause you've been doing it all the time. You'll need something different/special to be happy. How many percent of people can really be satisfied with what they already have?

Answer 4

You can't assume that just because people who are well off are "wasting" their money that they aren't also helping those less fortunate then themselves.

People work hard for their money. Even some of the wealthy, so they should be able to spend it however they like without getting criticized about it.

I give to charities when I can. But I always give to my family and myself first because that's what's important to me.

Answer 5

It how you look at it. They need waste a lot of money to feel happy. They are usually are workaholics..Most of the time they don't enjoy the simpler things in life like watch a sunset at a beach. They rather buy 10 acres of beach front property. Most of them are extremely private. Personally , I wanted to be an astronuant when I grew up

Answer 6

most rich people deserve to have big houses they work hard for their money so why not show off there wealth? its just how people are, there are givers and there are takers, not everyone in this world are givers. Look at bill gates he donated $4billion dollars to stem cell research, and also this other billionaire just donated $400 million to a columbian university, its just how the people are, some are greedy and some are generous

Answer 7

This question is quite offensive. its not wealthy peoples job to take care of the less fortunate. why cant the less fortunate take care of themselves? if you can afford to do things and you worked hard for your money you should be entitled to do it without getting criticized for it. plus if they used all of their money to help the less fortunate then what would be the point in being rich if they didnt use the money for themselves??

Answer 8

I think it's becuase of taxes and if they don't spend all of there money it will be taxed away. Something stupid like that. I heard that most rich people are rich becuse of saving and being a cheap-o.

Answer 9

Rich people would probably shut down the economy if they stopped spending so much money. Someone always profits because of their spending. I'm not sure why you are complaining.

Answer 10

Cars