For argument's sake, however, why does it have to be either strictly business principals or total fiscal irresponsibility? Many, including myself, have the means to enjoy indulging their whims, and take care of their responsibilities now and in the future.
True Bernie, but you're in that position because you PREPARED for it (or you hit the lottery, married well, or got a really big inheritance). For me it was lucky (I'm hesitant to use the word 'wise') investments and a stable, reasonably high-paying career.
chas