How do you determine what "minimum" means? Depending on who you ask, "Basic Living" is high speed internet and all new iProducts on release along with a new car

How do you determine what "minimum" means? Depending on who you ask, "Basic Living" is high speed internet and all new iProducts on release along with a new car every 5 years. Where do you draw the line? Also, how does this propagate after a few generations? We can already see the welfare lifestyle being inherited - will this be any better? Especially since there is much less reason to try to be better under this system.