Ray Madoff

When we see our wealthy, particularly the wealthy that have come about in the last 20 or 30 years, our tech wealthy, they are very much just like the rest of us.

Or, you know, everybody in their T-shirts and hoodies.

You see Elon Musk, he's just a regular guy.

Don't go thinking he's somebody fancy or somebody rich.

He's just like you and me.

She actually wore crowns.

She wore a crown walking around New York City.

I'm like, man, they don't make rich people like that anymore.

No.

And then they threw these unbelievable parties, but not off on a private island, you can't come parties.

They had glass doors, glass walls, so that the regular people can actually see these elaborate parties that were going on.

And you were talking about, like, they would hand out cigars wrapped in $100 bills.

Yeah, at their parties, yes.

At the parties, they had, like, elephants.

They would each, they would outdo each other.

They'd be written on the society pages.

And so they proudly announced themselves as being the elite, and they wanted everyone to see just how very rich they were.

So, yeah, how did we get from this era to now?

Consumption to stealth wealth.

Da-da-da.