this post was submitted on 12 Oct 2024
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They like to push this narrative but based on the global yacht and luxury real estate I am not buying it.
Sure there are some high netwoth individuals who live like this esp under 100m type. But people over that live lavishly and they don't hide it really.
And they all seem to go to diddy and Epstein parties on top of it ...
I think there are kind of two different groups that get conflated, actually: the wealthy, and the "professionally wealthy." The wealthy are often discrete and not showy, but the "professional wealthy" are those whose wealth or fame itself is central to their empire, even if not as directly as the influencer wealthy. But these are the Kardashians and the socialites and tech bros, all of those who serve as sort of aspirational versions of wealth. There is no shortage of them, no doubt, and I'm sure even the quietly wealthy have a lavish indulgence or two (a yacht being very likely), but based on my experience I really think there are sort two clear and distinct communities of wealth.
Regime whores are deff more flashy but it ain't like "titans of the industry" don't party with them.
I guess there is definitely a differences there tho since celebs went to p diddy's party's while the owner political class went to Epstein parties. So there is clearly two camps.
Yeah to be clear, if it sounded like anything I said was meant as absolution, it was not. Regardless of which camp they fall into or how they display their wealth, it is impossible, to the best of my reasoned understanding, to acquire mass wealth ethically. I assume all of the ultra-wealthy are morally compromised in some capacity or another until proven otherwise.