"Rich people spend money WISELY."
Absolutely. They don't spend the money they worked so hard to accumulate on things like McDonalds and crap from 7-11. Especially if they had to work for their money.
If a person is born into wealth, then it takes some good parenting to teach them the value of their wealth, so they don't blow it like some poor person would (like the former me would!) (full disclosure; while I can't be considered rich, I am no longer poor... why? HARD WORK, that's why)
I have a very wealthy friend and she won't waste a penny, period. She doesn't own fancy cars, nor expensive jewelry. Her house is nice, but wouldn't be mistaken for a "rich" person's house.
She didn't get rich by spending money like a drunken sailor on shore leave, which democrat leaders do. And since they do, why would we expect the people who vote for those spend-thrifts to be any different?