And I explained why your explanation is just plain stupid. No reasonable person spends more on eggs just to impress people. Wealthy people mostly buy eggs from where ever is most convenient. There is no Publix around here, so I would not buy eggs from there. I buy my eggs at Giant. My wife bought eggs at Whole Foods, which is out of the way, and more expensive, but she did not do it to impress people.
Why not? Hiring a special servant to cook eggs seems like more trouble than it is worth. Cooking eggs is rather easy.
My wife once interviewed a photographer of album covers. He told the story of his meeting with Barbara Streisand. Streisand said she was hungry, and made both of them hot dogs... There was not a special hot dog butler.
Among people with money, someone who won the lottery is considered an example of someone who has the money, but not the style. They drink Dom Perignon with no idea what to pair it with. They buy a Rolex, and then return it because it loses 10 seconds per day.
And I guess they buy $100 eggs flown in special from France to impress people. And have a special egg butler to cook those eggs.
Wow, that must be painful for him. Everyone is trying to move as much of their income from earned to long term capital gains... Or better yet, income less than expenses. Have you seen the level of taxes on earned income?
I am really regretting not structuring more of my income away from earned, and your friend is more than 12 times worse than me.... OUCH!!! You say he is a lawyer?