Why has men's formal wear become so bland? Presidents and CEOs wear only slightly more expensive business suits than their employees do. In the past high status people would have marked themselves off with elaborate and extremely expensive outfits.

by TheGreenAlchemist

CptNoble

u/mimicofmodes wrote about this about here.

u/chocolatepot wrote about this here.

There is a section in the FAQ on this subject.

And, of course, the usual disclaimer that more can always be said.