So what does a $25k bass actually get you?

[Brad Johnson]

With that kind of money you could hire Anthony Jackson to come by every day and play it for you.

Not for very long.

 

[Lownote38]

It might get YOU an empty wallet but it's pocket change for literally millions of people.

Millions? I highly doubt that. A bunch of those "millions" are probably already in debt up to their necks, and no, it wouldn't give me an empty wallet. I am not in debt at all. I still wouldn't buy a $25,000 bass, though.

 

[Sixgunn]

Millions? I highly doubt that. A bunch of those "millions" are probably already in debt up to their necks, and no, it wouldn't give me an empty wallet. I am not in debt at all. I still wouldn't buy a $25,000 bass, though.

I wouldn't either, but there are approximately 36 MILLION millionaires in the world so no: Pocket change for millions isn't a stretch.

 

[Lownote38]

I wouldn't either, but there are approximately 36 MILLION millionaires in the world so no: Pocket change for millions isn't a stretch.

Okay. That doesn't mean they could all just walk in and throw down 25 grand for something. Most millionaires have their money tied up in things. It isn't liquidity.

 

[Sixgunn]

Okay. That doesn't mean they could all just walk in and throw down 25 grand for something. Most millionaires have their money tied up in things. It isn't liquidity.

So you know that "most" of the worlds 36 MILLION millionaires don't have 25k, liquid. I see.

 

[Lownote38]

So you know that "most" of the worlds 36 MILLION millionaires don't have 25k, liquid. I see.

For tax reasons, at least in the U.S., I would say yes.

 

[Lownote38]

Think again...

Invalid Link Removed

Okay. Thought about it again, and my stance remains the same. It's about liquidity. Most millionaires are WORTH millions, but that doesn't mean it's sitting in their wallet. It's wrapped up in things they own, or have invested in.

 

[Brad Johnson]

There are over 2,000 billionaires among that list. Think all but one is up to their neck in debt (they're millionaires too)?

 

[Sixgunn]

For tax reasons, at least in the U.S., I would say yes.

So MOST of 11 million US millionaires don't have 25 grand in liquid assets to buy something with? I'm sorry. That's ridiculous. How much do you think they have in their checking account? $500.00?

 

[5StringBlues]

You get the best bass for precious metals.

 

[Brad Johnson]

So you know that "most" of the worlds 36 MILLION millionaires don't have 25k, liquid. I see.

Considering that there are obviously people with less money who could spend that money without breaking a sweat, the idea seems pretty silly.

Then again Bryce Harper and Manny Machado probably had no liquid assets prior to their $300+ million dollar contracts.


We're talking a powder room remodel, folks. Get real.

 

[Lownote38]

So MOST of 11 million US millionaires don't have 25 grand in liquid assets to buy something with? I'm sorry. That's ridiculous. How much do you think they have in their checking account? $500.00?

I didn't say that. I'm sure they have 25 grand in liquid assets at least. I meant that a lot of what makes them millionaires isn't in liquid assets, though. The more you have, the more you need to keep things in a tax shelter of some sort. It doesn't really matter, though, does it? You don't become a millionaire by spending money. Especially on a 25k bass.

 

[Brad Johnson]

Okay. Thought about it again, and my stance remains the same. It's about liquidity. Most millionaires are WORTH millions, but that doesn't mean it's sitting in their wallet. It's wrapped up in things they own, or have invested in.

No, I don't think you did. You're contending that not even one in 36 millionaires has this kind of liquidity.

 

[Brad Johnson]

I didn't say that. I'm sure they have 25 grand in liquid assets at least. I meant that a lot of what makes them millionaires isn't in liquid assets, though. The more you have, the more you need to keep things in a tax shelter of some sort. It doesn't really matter, though, does it? You don't become a millionaire by spending money. Especially on a 25k bass.

Somebody's buying all of the mansions and luxury items. Why would spending another $25k necessarily be a struggle for a couple of million of them. Remember, millionaire is simply a threshold, not the sum of their worth.

 

[Sixgunn]

I didn't say that. I'm sure they have 25 grand in liquid assets at least. I meant that a lot of what makes them millionaires isn't in liquid assets, though. The more you have, the more you need to keep things in a tax shelter of some sort. It doesn't really matter, though, does it? You don't become a millionaire by spending money. Especially on a 25k bass.

You will probably disagree but lots of millionaires have one or more cars that cost well over 100K, sofas and beds that are in the thousands, kitchens that cost more than a lot of peoples entire houses, $2000.00 suits, $1000.00 shoes, etc. 25k on a bass (or a watch or whatever) literally is pocket change to a lot of them.

 

[Brad Johnson]

gets you in debt, gets the manufacturer out of debt...Maybe the exotic wood they use, but i really wouldn't see a need in a bass that expensive, unless your trading it off to make more money from it...imho

The price of high end basses by and large has little to do with the price of wood. It's a common misconception.

The market consists of folks like yourself and other folks of varying mindsets. To generally say it would get people in debt is just wrong... because there are far too many obvious exceptions. Not to mention getting a manufacturer out of debt. It's not that simple either.

 

[Lownote38]

You will probably disagree but lots of millionaires have one or more cars that cost well over 100K, sofas and beds that are in the thousands, kitchens that cost more than a lot of peoples entire houses, $2000.00 suits, $1000.00 shoes, etc. 25k on a bass (or a watch or whatever) literally is pocket change to a lot of them.

A car, a sofa, beds, etc. are not liquid assets. You can't spend a bed. You'd have to sell it first.

 

[Sixgunn]

A car, a sofa, beds, etc. are not liquid assets. You can't spend a bed. You'd have to sell it first.

I'm not saying they are. I'm saying they spend liquid assets on those things.

 

[Brad Johnson]

You will probably disagree but lots of millionaires have one or more cars that cost well over 100K, sofas and beds that are in the thousands, kitchens that cost more than a lot of peoples entire houses, $2000.00 suits, $1000.00 shoes, etc. 25k on a bass (or a watch or whatever) literally is pocket change to a lot of them.

There's nothing new about that which is what makes this tangent so funny. The idea that less than a couple of million people have money to blow certainly seems like a stretch.

 

[Lownote38]

No, I don't think you did. You're contending that not even one in 36 millionaires has this kind of liquidity.

I said "THAT DOESN'T MEAN THEY HAVE IT IN THEIR WALLETS". That isn't the same as what you are contending I said. This is ridiculous (just like basses that cost 25 grand).