It's not very smart, makes you a target. When people know you have money they'll sue you for anything, trust me. But what makes it worst is they're flaunting their parents money.
Wasn't even aware this trend actually had a name until a counter-trend started in my country
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But yeah, I don't think anyone likes these sacks of rotten shit except for themselves. It's okay to be rich, as long as you don't scatter your father's wealth all over the internet for the "low-born" to wonder at.