mikeman, no offense, but you really are starting to sound as if you have something against people treating themselves to stuff if they have the money for it. You and only you claim that it's somehow wrong because there are other people suffering. I agree with conquestor3, it sounds like you want to ban entertainment altogether.
Ugh, this is so what I'm not saying. "Ban entertainment"? Seriously? I'm a videogame developer! I'm simply arguing from the perspective of a socialist, that's all. This is a thread called "the problem with capitalism", right? :P
I mean, I pointed out a minor example of excessive decadence of rich kids partying(don't tell me spraying champagne is not such an example and it's just "fun"; the "guns" are not for drinking it; its only purpose is to show how much money you've got to waste; you might as well take out 100-dollar bills and burn them and call it "fun") just to drive my point home, and you guys got "you want to ban enternainment" from that? Geez! Did I phrase it *that* wrong? I don't think so!
But again, we come to the same point of "people treating themselves to stuff if they have the money for it". Depends on what "stuff". Socialists don't believe any one individual shouldn't be able to hold large private property(not personal property, like your house, your car, your HDTV, your XBox, your movie and CD collection). So, yes, of course I'm not for "banning entertainment" if by entertainment we mean books, music, films, theatre, videogames, having fun with friends. What the hell! Now, if the "things they treat themselves with" are huge mansions, private islands and private jets, yes, I'm for banning those; that is, organize society in such a way so nobody is permitted to own such big property, for the sole reason that it can be put to much better use than one(or few) person's indulgences.
So you're against extravagance. How does one ban extravagance or regulate it? I mean how do you determine what's extravagant and what isn't? One can easily argue that an Xbox One is extravagant if you look at it from the right perspective. Extravagance will always exist, it's just a matter of perspective. There's no such thing as universally extravagant. To someone who doesn't have very much, even driving a car may seem extravagant. To other people, they may have the means but feel that a larger car than the one they own is extravagant.
https://en.wikipedia.org/wiki/Personal_property#Personal_versus_private_property
In political/economic theory, notably socialist, Marxist, and most anarchist philosophies, the distinction between private and personal property is extremely important.
This cannot be stressed enough. The old cry "property is theft!" refers to the ownership of the "means of productions". *Not* to your personal belongings, used to satisfy your personal needs. The distinction between owning a TV or a radio or a car or a CD or a photo collection and owning a factory or a large piece of land is one that socialism absolutely makes, but capitalism just lumps them all under "private property". If I own an shiny HDTV, this is to satisfy my personal need to watch Breaking Bad. Owning the TV Station that produces Breaking Bad itself is very different, since now I've got the chance to employ people and be their boss, and accumulate capital. That's where the distinction is made.
Fact is, almost everyone has some kind of personal property. Very very few have any kind of private property to speak of. This is one very effective scare tactic where capitalists claim "communists will take your houses!". Communists never intend to abolish personal property, only private one.