Originally posted by: SilentZero
I hate seeing stories like this during today's financial climate
?
This doesn't remove $17,500 from the economy, the guy who sold it now has $17,500 to go buy a car, pay bills, go on vacation, whatever.
I'll never understand the mentality that judges what someone else does with money that they earn. The guy didn't blow the $ on cocaine or heroin FFS.
Rare things are valuable when they are also sought after, as this is.
Think of it this way, on a good weekend, a busy TGI Fridays will sell $50k-$150k worth of food, drinks, and so forth. Could those same people eat at home for $2-$3/person instead of $20+ a person (a lot more with a couple $7 mixed drinks or $5 beers)? Could they eat at the Wendy's value menu instead? Of course. But in the case of the restaurant, they pay taxes, they pay employees, they pay suppliers, etc, etc, and that money is recirculated through the general economy.
I think that there are two sides to the coin really with consumer spending and so forth in the economy :
(1)- It is bad when someone overextends what they can buy by overusing credit and loans, and when they default on those loans, the write-offs and so on affect everyone to some degree.
(2)- It is also bad if a lot of people save excessively (rare, but it happens), not necessarily for that person as an individual, but for the general economy. I try to save what I can, but it does help everybody when you purchase things, you help the store that sells them, you help the employees who sold it to you, you help the people working for the company that advertises that product, you help the trucker who delivered that product, you help the charity sponsored by one of the companies that benefits from your transaction either directly or indirectly (almost all public corporations are involved in public charities, albeit they could probably do more than they do in most cases), you help the guy working at the truck stop that sold the guy his diesel fuel, it just goes round and round.
Now, it's not as simple as I put it above, but in our country, worrying about some guy spending $17.5k on a video game is a bit misplaced in terms of concern. If you want someone to be put off by, look at people like Bernie Madoff and other parasites who literally don't contribute anything, they merely manipulate and capitalize on other people's hard work for their own gains.