It's an interesting position. I've felt like owning less stuff is better for me: less to worry about, to clean, to spend money on. I grew up in a family that didn't hesitate spending money on luxury items (fur coats, TVs, new furniture, as well as small things that barely make difference), so perhaps this is where it's coming from. I don't think minimalism is bad. It brings peace of mind. Just because you can afford to go for it doesn't mean you shouldn't. I feel like the author's coming from a different position than myself, though. It sounds like he's talking more in terms of luxury gadgets like the next iPhone rather than about what minimalism actually is. I agree with that position but also disagree with bringing the whole umbrella of the term over a small subset of luxurious products that feed off the new fashion that stems from it.