First he says: "...for many of the rich flaunting is what it’s all about...So it’s largely about display..." Then he says: "...the truly rich are so removed

First he says: "...for many of the rich flaunting is what it’s all about...So it’s largely about display..." Then he says: "...the truly rich are so removed from ordinary people’s lives that we never see what they have." So I guess Krugman thinks that the rich flaunt their wealth for no reason, since ordinary people never see it.