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Originally Posted by LonghornDub
You're really just spitting platitudes and cliches at this point. You do not have to "make a choice" between either going all-in with a very restrictive luxury tax or hanging on to gratuitous amounts of "flexibility." That doesn't make any sense at all. You make a series of discrete choices about individual matters. And if you do it correctly, those choices ultimately cause you to have both assets and and flexibility to account for future uncertainties.
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And you're pretty much arguing for pie in the sky.
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You don't know much about the new luxury tax if you don't realize that it's incredibly punitive. And yes, spending into that new luxury tax for several years is absolutely indiscriminate spending, given the repeater provisions.
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My point is that "indiscriminate" and "punitive" have different meanings in different contexts. It might be indiscriminate spending for a hand-to-mouth sort of person to drop an entire paycheck on a "luxury" item, while the same purchase might be routine for a wealthier sort.