My $0.02 on bad parenting in this thread (and reinforcing the many people who rightly suggested not making these kids materialistic):
I was born into a "privileged" family, my father grew up in a 1200 sq ft apartment with 3 brothers, a sister, his parents, his grandparents, and his uncle. He slept on the floor until he was 16 when his older siblings moved out.
I went to private school (~$30,000 a yr for high school.. yeah.. crazy) and I didnt get allowance or anything - like most of the other "rich kids" I went to school with. I started working at 13, and got *one* thing for my birthday and christmas - usually something like "I need a new laptop for school cause my 4 year old one is dying" so they'd split the price with me. These are people who go out and buy a new porsche every 6 months.
I learned from a kid how to manage money, and what it was worth. The *worst* thing you can do to kids is screw that up, I know so many people my age (22) who cant handle money, still expect their parents to do everything for them (and their poor parents cant afford it after 4 years of college payments) and end up setting into crap jobs and always being in debt.
Yeah, its an "extreme" connection from giving you kid beatz cause it "makes her happy"
You know what made me happy as a kid? A good home made dinner. Seeing my family on thanksgiving or christmas who I havent seen for a while, or spending time with friends.
I saved up from 13-17 and used all my money to buy a crappy used jeep for $4,800. All the kids at my school drove BMW x5's and camaros (yeah, tying into a recent comment about camaros).
I actually ran into a good friend from HS the other day, he updated me on a lot of the kids who were given everything. Most of them dropped out of college, many work at places like subway or best buy, and four (out of 51 graduating kids) are in prison while most of the rest are broke, on drugs, or, on a rare chance - actually doing alright.
I have the opportunity to work for my family - I could make a corporate salary (a lot) but I don't. I also learned something - money and things aren't everything. I'm a competitive power lifter (horrible paying job.. aka.. no money) and I work as much as I can otherwise (20-30 hours a week) as a personal trainer. I make way less than most people on here, I'm sure - but I guarantee I appreciate my headphones more than many - especially some kids mentioned here.
Edited by Pual - 11/19/12 at 6:33pm