Rich people and businesses commonly get to do as they please. Unfortunately, it’s often to the disadvantage to other people and communities. In a recent discussion online, people shares things ruined by rich people over the years. Here are 11 of the most common responses.
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Clothing, like many other necessities, continues to increase in cost. Surging cotton prices and inflation have led to expanding prices. It hurts the working class more than anyone.
One commenter shares, “Carhartt, Dickies, Levi’s and many more. Like why did a dickies tshirt go from $15 to almost $40 in a few years.”
Another person adds, “Dickies USED to be the clothes of a working man out here in rural America. Now, they’re too expensive for the ‘working men’ to afford.”
This just makes it more difficult to stretch your budget.
Being priced out of a concert sounds like a first-world problem. However, thanks to monopolies, the pricing continues to skyrocket.
One person concurs, saying, “You can’t even buy a beer at one for what a general admission ticket used to cost and people still pay for it.”
Another person adds, “I stopped drinking at shows because of it. I have a couple beers in the parking lot, sip on a bottle of water in the show, and not go stand in the bathroom line every 45 mins. Saves me a ton of money too.”
The ticket fees alone are outrageous enough.
Affordable housing is becoming more of a stretch for people outside the upper class. Unfortunately, for those not coming from means, they struggle to get into a house they can wisely manage.
One commenter agrees, saying, “The view that housing is an investment has priced people out of home ownership and rents are extortionate as to ensure landlords maintain a sufficient ROI. Having a roof over your head should be a basic human right. Being a landlord isn’t a real job.”
It’s hard to disagree with that sentiment.
Everyone loves waterfront property. However, the wealthy can afford to throw millions into building it up, often blocking views.
One person notes, “Every single piece of water with accessible waterfronts.”
Another commenter adds, “Here in Malibu, rich people build massive estates right next to each other and ignore the laws concerning beach access. There are also white guys in Malibu who will harass you if you exercise your constitutional right to sit on a public beach.”
It’s sad, indeed.
Trucks have always been more expensive, but a moment happened when they became a status symbol for many super-wealthy people. That drove up costs.
One person complains, saying, “Once upon a time, a humble working class vehicle for people who need to be able to do things themselves, now they’re all luxury vehicles with massive margins, unaffordable to anyone who needs them to do real work.”
Trucks are great fun, and they’re a necessity for some people to do their jobs. Sadly, they’re becoming too much of a reach for those who truly need them.
Mt. Everest is majestic, and it’s the highest mountain above sea level. Unfortunately, the wealthy have turned climbing it into a luxury sport. Not that this necessarily ruins it, but without means, it’s exceedingly difficult to even attempt to climb it.
One person states, “There’s now simply just way more people climbing it, so it’s not as adventurous or amazing as it used to be, not mentioning how crowded it might be or the litter. Climbing it used to be enough for most, but now you have to have some sort of record like youngest or thinnest or something.”
Costs to climb it have skyrocketed over the past several years. Doing so can cost up to $200,000, depending on the level of luxury you want.
Food prices have increased mightily in the past several years. Oddly enough, some food items are less attainable.
One person says, “Why is pork shoulder and oxtail so expensive? It literally used to be the parts nobody wanted.”
Another commenter explains the why, saying, “You can thank the Food Network and food documentaries for that. Once people started learning how to cook them, they went nuts.”
It’s hard to see where they’re wrong.
Most professional sports teams are owned by millionaires, many multiple times over, or billionaires. They, understandably, want to make money on their product. That increases the costs of attending.
One commenter explains why they’re staying away, saying, “For a fun day out with you and a friend at an NFL game will run you around 500 bucks. Or you could watch it on your big screen TV at home which has better play-by-play and angles than being at the game where you end up watching Half of it on a monitor anyway. Unless I get tickets for free I don’t even bother going to sporting events anymore.”
Another person adds, “I noticed with sports being a wealthy person’s thing now, the “fans” in the arenas seem to be a lot less energetic about cheering their teams on. Sucks the players have to suffer for this as well.”
If you want to go to an NFL or NBA game, you better get ready to take out a second mortgage on your house.
Ask the common man or woman on the street what the super rich have ruined and a typical response may not surprise you – everything.
From separating themselves into their own group to making sure others can’t get scraps, it’s a tough argument to deny.
There’s something about going to a town like Aspen, Colorado. It’s so beautiful and majestic. Unfortunately, in the eyes of many, the wealthy have ruined it by moving there and overcrowding it.
One commenter explains why, saying, “I think rich people ruined all mountain towns to be honest. I left mine after 12 years even though I had a killer rent deal because I knew it was only going to keep getting worse.”
It’s understandable to want to enjoy a picturesque town. However, when residents can’t live their lives and struggle to pay for their one house when others take over with their third vacation home, it’s easy to understand the resentment.
Climate change is real, and for every action of a celebrity like Ed Begley Jr, there are countless other wealthy people using the planet as an ashtray.
One commenter says, “It’s hard to feel good about not using plastic straws when Elon creates more carbon emissions in one day to go see the World Cup than I create in one year.”
It’s not difficult to see how correct they are.
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This thread inspired this article.
I’m John Schmoll, a former stockbroker, MBA-grad, published finance writer, and founder of Frugal Rules.
As a veteran of the financial services industry, I’ve worked as a mutual fund administrator, banker, and stockbroker and was Series 7 and 63-licensed, but I left all that behind in 2012 to help people learn how to manage their money.
My goal is to help you gain the knowledge you need to become financially independent with personally-tested financial tools and money-saving solutions.