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Too much of anything isn't good. When someone wears too much makeup they look ugly. When someone has had too much plastic surgery they look ugly. Money ugly is just a term used for people when they have so much money that it's ugly.
Wow, I just got my pay check and now my money ugly.

I just met a guy from my old high school that was poor and now his money ugly.

I like it when a girls money is ugly that's way I don't have to provide for her.
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