I am a multi-gen archer for the past six months, and my gear is about 12K (you can imagine the amount of cash that I have), and I recently found a way to reduce my money down to just 70K. Buying heirlooms. A person can only wear so many looms at once, so a character with 9 MW looms is not more powerful then a character with 30 MW looms.
Also, people are trading strat gold for real gold... that is a massive money sink right there.
I dunno, I am just OK with how much money people have right now, as most of the players on the field still wear normal or crappy stuff, and only a small percentage wear really good stuff.