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If the topic really is "a luxury I can't live without," then quality coffee is a great example, and a private plane is a profoundly bad example.
It's so shockingly wrong that it's hard to imagine it's not just a bit that they worked out ahead of time.
The rich will claim you’re driving them to abject poverty if you tax them into only having a million dollars.
My bare minimum standard for calling a person "rich" is whether they can live in luxury purely on the passive income from their investments. By that standard, a person with only a million dollars would not be rich. You probably need more like 10 million.
I agree one million isn't abject poverty, but it would be a giant change in lifestyle. They'd either have to give up on most luxuries and live somewhere cheap, or they'd have to actually work for money.
6% interest in 10million is 600k plenty to live on unless you have multiple houses, personal cruise ships or private jets.
A safe withdrawal rate on funds invested is usually 3-4%, not 6%.
Not that $300k isn't more than sufficient for a high quality lifestyle. Your point is more than valid.
I'm not sure you're trying to say that I did, but I didn't mean that 10 million was the minimum needed to say a person is rich.
I was saying my standard for rich was in the neighborhood of 10 million, compared to 1 million. If you have 1 million, your 6% would be 60k, but you don't get interest on your house where you're living, so if you purchased a house in today's market that might be 250k, and now you're down to 45k. Certainly not a salary where you can live in luxury.
About $2million is enough for a trust fund one can live relatively comfortably on. $10million and you can live in excess indefinitely.
To be fair, a million dollars in some parts of the US gets you a decent size house and one car. You still need to work every day. You can still be bankrupt by medical debt.
Contrast that with actual rich folks who can burn a million dollars in a bon fire every morning and still have more money at the end of the year than they started with.
Point is: The former are more comfortable than many. The latter are a literal cancer on society that must be addressed.
I guess it depends what people consider the "millionaire lifestyle", which must go up with inflation like everything else.
Larry King is a well known numbskull, he would literally avoid researching his interviewees before because he thought it made for better interviews, but it ended up just making him look ignorant
The fact that lwe can buy quality coffee, spices, and salt for such cheap prices would be unfathomably luxurious toalmost every other person from human history pre-1910.
Imagine the richest king from 1700 watching you throw away mushy brown bananas. He'd think you were loaded.
"Sure, but apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, the fresh water system, and public health ... what have the Romans ever done for us?"
Danny Pudi is a gem
And the new DuckTales was a pretty good show.
Really good! An amazing example of how a reboot can respect its previous incarnations while elevating them to make an entirely new experience.
And creating a Disney Afternoon universe within the show was a fantastic bonus!
I love asking people what their first irresponsible purchase would be if they won the lottery.
Everyone has the day dream of paying off medical debt, your parent's mortgage, new car, fun vacation. But that's all responsible. I want to know what the unhinged thing you probably shouldn't do is. My favorite answer was Baja Blast on tap bedside.
Two chicks at the same time.
You don't need a million bucks to do two chicks at the same time.
I've never been interested in Vegas. But recently I found out there's a place near Vegas that lets you rent a tank and then you can run over cars and I think you can shoot it too. And you can shoot a real minigun! To shoot that gun for a minute is like $14,000. So I take a few of my friends to go do that,
To shoot it for 10 seconds is about $400. I go there myself to shoot the ww1 guns.
Realistically irresponsible or insanely irresponsible?
Realistically irresponsible: I'd buy a huge piece of land out in the woods. Build a house, add a 1 acre pond with an island in the middle where I could go and sit and read.
Insanely irresponsible: I've often wondered how much it would cost to live full time at Disney World. Full deal, Park passes, meal plan, etc.
Understanding that they'd make you change rooms every month to avoid letting you have tenant rights. That's assuming the lottery winnings aren't enough to just buy enough stock to control the company.
Buy a massive bowl of cocaine and dump my face in it
I'd buy an abandoned old villa or chateau in Italy or France and rebuild it.
Pretty sure there are programs where you can just get a castle so long as you maintain it. Hell I think both Italy and France will pay you to do it for some of the remote ones.
Yeah, this better because Danny tried again with nice running socks which also fits the description before Larry came in with the private plane. He should’ve realized his question was not what he thought it was at that point lol
Nice running socks are awesome.
And expensive.
Danny was talking about SmartWool socks, and those for everyday would be a extravagant luxury.
Isn't Danny a runner? So he understands why they're such a luxury.
I can't tell if Larry King just assumed that Danny is wealthy because he's an actor, or if he was really so out of touch with reality that he didn't realize there are people out there who can't afford private jets.
Larry King was that out of touch. His circle of friends owned media conglomerates and had private islands. His guests typically did too or some flavor of access to the mechanisms of wealth. It was strange seeing a voice actor get interviewed by the biggest softball interviewer but it gave us some gems.
He’s not just a voice actor, he was on a successful live action NBC sitcom and then on a successful live action Appletv show.
Not when this interview took place as far as I'm aware
At the very least, Community started in 2009, eight years before Ducktales.
Wtf. Larry, do you know how expensive really good coffee is? It's like $20-30 USD for 12 oz / 340g of really good, independently-roasted stuff. That shit is not cheap.
Plus, you certainly can't get good coffee anywhere. FFS, Larry! Is it your first day on Earth?
Compared to private plane it is pennies.
I'm old, and I have learned that things mean less and less as you get older. I fact I'm trying to get rid of things now. It's amazing as to what one accumulates over a long lifetime.
If there is one thing I would buy irresponsibly, it would be tea. The finest and freshest DanCong teas, the ripest Sheng PuErh, and Rock Oolongs. And I would drink them everyday while listening to the sound of the loons in the early mornings.
Or maybe a real vacation somewhere. Me and Grandma haven't ever taken a vacation in over 40 years. She would love that I think.
I've actually become more materialistic, but in a "I want more tools so I can learn more skills and do more things" sort of way.
I want to brew my own beer and make my own cheese. Experience tells me I enjoy things I make with my hands much much more than when I buy them.
As long as they can afford it, anyone can book a private jet with little to no effort. The same cannot be said about finding a proper good cup of coffee.