Are there any good reasons to be a multimillionaire?

Question

I see why people would want a home, the time to do what they want from not working on a job and to be financially free to buy nearly everything they want...

But I see no reason to be a multimillionaire, in the MTV cribs videos, all they have is like 10 TV's or 3 Sofa's, 10 car's etc. But in reality you would only drive the car you like most and only watch the TV you like most, there's no point in being excessive.

You could afford a house, car, motorbike and a boat as well as have time to do what you want with just a million, so i see no point in pursuing anything more than 2 million, and I don't see why people encourage others to aim for anything like that, surely you should aim for financial freedom and having a house, not being excessive.

So yeah, a millionaire's 100 percent inheritance tax would be the perfect tax, nobody should be born a millionaire and live a life of excess for nothing, all people like Paris Hilton should be gotten rid of. I see donald trump has a megayatch, but even that he wouldn't use all the time, he would be better off renting it for when he actually used it, lol.

Surely you can have the same life a multibillionaire being a millionaire, because any more than a million is excessive, there's seriously no reason you should store a huge boat unless you have hoarding disorder.

I can only one good reason: power, however the people should never tolerate someone ruling over and oppressing and enslave them.

https://www.youtube.com/watch?v=8zzjh2cR-oQ

Answer 1

Are there any good reasons to be a multimillionaire?



I enjoy it because of providing comfort, options & financially secure. I obtained an education, worked hard, saved and invest so i dont have to apologize for having within life and I dont owe anything to anyone.



Who wants to suffer? Not me

Answer 2

The price of healthcare, and especially nursing home care, is the primary reason for wanting and needing a tidy nest egg.



Nobody who is a millionaire has their own money. It came from someone else - who paid them for goods and services. Maybe their income was legitimate, maybe it was because of overpricing - but then the people who paid the money are poorer - which is why not everyone can be a millionaire.



{Bill Gates is donating the money people gave to him either by buying the stock he owns, or buying his Microsoft products.}

Answer 3

There is no "reason" to be a multimillionaire its a want obviously. People don't want to toil day in, day out for 40 years before they get to retire and only enjoy another 20 years of life before they die. You think living on the minimum is fun? Well it isn't, many people who become multi-millionaires don't envision becoming ones in the beginning.



Bill Gates who is a multibillionaire sought to bring what he loved which is computers to everyone, he saw it as an issue and sought to let everyone use PC's affordably. Nick Woodman got annoyed at not being able to record his surfing adventures so he created an affordable camera he could use to do so and there comes the GoPro as we know it. Lyft was created because taxi's charge exorbitant prices in cities and people wanted an easy way to get around with having to buy a car or shell out dozens of dollars for a 3 mile drive. Paypal was created because there was no singular easy way to pay online without the risk of losing important information like SSN or PINs and now virtually every company uses PayPal as a form of payment. Google was created as a simple fun project for a few friends to see if they could create an algorithim that could beat the search engines of the time and guess what it did. Now its one of the largest companies in the world.



People who become multimillionaires often do so as an extension of solving a problem that they see in peoples lives. Excessiveness is a matter of opinion, I consider it excessive to own more than 3 cars and a house, my friend considers it excessive to even have a car, the guy walks 2 miles to work for gods sake. People on the MTV cribs show are only showed on there because they live a lifestyle of flaunting their wealth. People like that are rarely worth more than 40 million dollars ever, the idea of someone like Nick Woodman or Peter Thiel who has more money than they will ever need is a scare to those people. They attempt to buy all these cars and stuff because they are trying to beat their peers in some sort of race to see who runs out money first. It doesn't matter if you have a million dollars or a billion dollars there are always to run out of it.



Regardless of any of this at the end of the day its everyones choice to spend their money how they want to spend it. You can spend it like Bill Gates and donate billions of dollars to charity or build lavish buildings like the Kingdom Tower for 20 billion dollars for absolutely no reason. "All people like Paris Hilton should be gotten rid of" its their money to do what they want with it don't ever forget that. They as the rich have a duty to take care of those who aren't but you can't simply say lets get rid of them because they are superior to you in some way financially or mentally. Because if you go by that mentality eventually our species will cease to exist.

Answer 4

Financial security is a priceless feeling.