A $45,000 handbag is silly only if you’re poor.
January 24, 2011
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This fabulous Louis Vuitton Tribute Patchwork Bag is priced at $45,000. For $45,000, it doesn’t organize its content automatically or have a GPS tracking system in case it gets stolen, assuming the thief is discerning enough. You know you want one too. If you don’t and think it’s frivolous, it’s only because you’re not rich enough.
Ok, I have no problem with people spending their own money anyway they want. I couldn’t care less if they want to pay $45,000 for the boulder in my backyard. However, when people have undeserved wealth, they start to spend it frivolously, which I would do too if I was that rich. But this is bad for the economy, because they support much unproductive economy such as the $45,000 handbag, the $100,000 birthday parties or the $1000 haircuts. All the resources behind all these outrageous consumption wouldn’t be in it if it weren’t for the demand of the ultra rich. If there was no ultra-rich, the people would have to inject their manpower, brainpower, and materials into production for the average people whose income is more sane.