True both ways- some people do not want to spend the money they earned the harder way on the other hand as they say the 'neo-rich' want to show their money-power by spending it lavishly, sometimes vulgarly. In most cases spoiled brat of the neo-rich make sure everyone knows they have money even if it stinks.
If one is aware of what he or she is doing throwing money for show is not a crime. Because they are also aware how to get back their money..
Yes there is nothing wrong in buying expensive things as long as you don't go in debt for it. It's your right to spend your hard earned money anyway you like.
Money creators will not believe in stagnating the money. For them, ‘Money is meant for circulation.’ Because of their mastery over the art of ‘Money creation.’
"The crux of the matter, is that people don't understand the true nature of money. It is meant to circulate, not be wrapped up in a stocking"
- Guglielmo Marconi