Today I am thinking about the TV show Breaking Bad. No, not because I am excited about the recently announced August 11, 2013 second half premiere of season 5; I have Ted Beneke on the brain. For readers who are not Breaking Bad watchers (or for those who are, but have forgotten some of the minor characters), Ted Beneke was the president of a family-owned fabricating company that employed Skylar White as the bookkeeper. Skylar White used $600,00 of the proceeds from husband Walter White’s meth manufacturing operation to close an IRS audit of Beneke Fabricators and pay back taxes Ted owed to the IRS. OK, got all of that? There will be a quiz on Tuesday :).
Ted is on my mind today as an example of “conspicuous consumption,” a term coined by sociologist Thorstein Veblen in the 1899 book The Theory of the Leisure Class, and today defined by Wikipedia as “the spending of money on and the acquiring of luxury goods and services to publicly display economic power – either the buyer’s income or the buyer’s accumulated wealth.” In an attempt to save his troubled business Ted sold many of his luxury goods, but after the cash infusion one of his initial purchases was a new Mercedes-Benz car. When confronted by Skylar about why he did not spend the money on seemingly more important items such as re-hiring furloughed employees, Ted responded that he has to look impressive when he meets with business clients.
I bought a “new” car last month, partly because my current car is not a pretty sight, with its peeling paint and cracked windshield. “New” is in quotes because the car is a 2007 model with 67,000 miles on it. That’s an improvement over the current 2000 ride, but it’s the first time since my initial car purchase in 1987 that I have not selected a new car. (The current 2000 Honda Accord was a gift from my mother-in-law to my wife when she went to graduate school in 2010.) The initial 1987 purchase at the beginning of my sophomore year of college was a 1979 Honda Accord with 120,000 miles; it had 190,000 miles when I bought my first new car (a 1992 Acura Integra) in 1991. I subsequently leased three new cars. When the last lease expired in 2010 my wife and I decided to not get another new car in order to save money for her graduate school expenses; I rode the bus to work and used the Zipcar car-sharing service while my wife used her mother’s car in North Carolina.
While I don’t need to be quite as concerned with appearances as businessman Ted Beneke, I don’t want to look shabby as a new Dean! My initial preference was to lease another new car, but I’ll be putting too many miles on a vehicle in the next couple of years to justify leasing, so I decided to investigate used cars. I ended up with a Nissan Murano SL. The “L” in SL is for “luxury,” so I’m happy. A Murano is not a Mercedes by any stretch of the imagination, but it has style, so I don’t have to worry about the negative perceptions of owning a “hooptie,” a car with problems. I suppose, though, that driving a hooptie would invite less scrutiny than if I were rolling around a college campus in a $100,000 car. I won’t have to worry about the latter possibility for many years to come…if ever.