20th January 2013
And why not? Technology give the ordinary middle class family amenities that Kings a hundred years ago couldn’t have. (Not didn’t have; couldn’t have, because the technology didn’t exist yet.)
Most of the over-the-top spending you see in the papers and on TV is the result of rich people trying to impress — their guests, their friends, their neighbors, the aforesaid papers and TV, and most importantly themselves. There is an essential distinction between a ‘rich person’ and a ‘person who has a lot of money’.