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Every businessman knows that money saved up in a bank is practically dead money. It's like hoarding apples off a tree and not trading them, they will rot and lose their value as food. I think that when the rich do spend money, they spend big not specifically because it is impressive,I think they believe that this money will filter through the economy and provide jobs. If they spent little to nothing,there would be no jobs or money in the economy AND THEN you will have something to complain about
There is a problem with your statement. Most of the money supplied to impoverished people makes them even more impoverished through government corruption and dependence on foreign aid rather than self sustenance. It is better for corporations to spend money by employing people to do work for them. This includes building boats for rich people. They did earn this money somehow and it probably wasn't very easy. It's not in our interests to question people's wealth also unless you are envious.
When u got rich, what you do is up to you. You can buy a yacht or an island or give all your money to the poor. No one can dictate what you should do.
The point of buying this yacht is many. u can show off, how rich you are (in animal world it's equal how strong you are); you can tell your business partner you have money and they should trust you; you can take a real f..king trip to Atlantis ocean in a floating castle, that's pure enjoyment.
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Our economies cant hold without it.
The point of buying this yacht is many. u can show off, how rich you are (in animal world it's equal how strong you are); you can tell your business partner you have money and they should trust you; you can take a real f..king trip to Atlantis ocean in a floating castle, that's pure enjoyment.