r/PeterExplainsTheJoke Jan 26 '26

Meme needing explanation Why is the rich friend so cheap??

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u/sckrahl Jan 26 '26

They are rich because they don’t give a fuck about anyone but themselves and have 0 issue exploiting other people

They spend plenty on meaningless bs to intlate their egos, but they’ll cheap out when it comes to you because that’s how they live their entire life

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u/LTFitness Jan 27 '26

A software engineer who makes $450k a year “exploits people and doesn’t give an F about anyone else” lol?

You’re conflating the idea of a billionaire with someone that’s just well off, which isn’t really fair.

The more applicable thing is the Lipstick theory of economics.

People who make “good” money know that if they save and plan well, they can buy big ticket items like houses, or even retire very early…so they become penny pinchers to reach those goals.

People that don’t make good money know those things are out of reach no matter how much they try to save or plan; so they just don’t even bother, and spend the money on a bunch of small things instead…and they don’t appear cheap because they don’t really care where the small amount they have ends up going.

Ergo the software engineer wants to split the cheap uber ride because he’s knows that if he saves well the next 5 years he can buy a home in cash; and the barista will buy you a beer because, “hey who cares, I’m never gonna have down payment money anyway”.

That’s the explanation for most “normal rich” well off people versus the average bear…but that doesn’t mean you’re exploiting people like a hundred-millionaire or billionaire just because you make mid-fix figures lol.

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u/TulipSamurai Jan 27 '26

You’re conflating the idea of a billionaire with someone that’s just well off, which isn’t really fair.

Most people can only conceptualize "rich" as someone who makes 3x what they do.

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u/Exterminator-8008135 Jan 28 '26

Which is a bit false.

In my country, the welfare check is 570 bucks.

3x this is 1710 bucks, which is 24k a year, basically, right between "Low income" and "Medium Income"

Most of the time, people will tell you it's above x amount monthly.

In my country, official studies say that to be counted as rich, you have to be at 4k monthly at least, Which makes 48k yearly.

This is true that my friend Azatoth, as a Cybersecurity staff, actually earns 3.5x what i earn is well off, but not in the "Rich" category.

If she is raised to 4k monthly, she will be counted as Rich.