Like, sorta, but also no. “Most luxuries” and “live somewhere cheap” are both insane things to say, too.
I know what you’re trying to get at, and I get it, but to say that someone who can still drive any car they want, live pretty much wherever except for some very specific places, get into whatever niche hobby their heart desires, and never needs to fear unemployment is not rich is just silly. I also said “tax them”, which means they’d still have everything else they currently own and could make money on that stuff, too.
A person with a million dollars is a person without any meaningful restriction on their life.
Edit: Goddamn, a lot of ya’ll really upset about this comment. Too bad, learn to read, and, failing that, find a high bridge over deep water ‘cause dealing with ya’ll just ain’t worth it.