This is especially true with luxury brands like Louis Vuitton, Gucci, and Prada. People are either trying to impress others with fakes, or they’ve actually paid full price to become walking billboards.
Similar thing with iPhone cases that have a cutout for the Apple logo. That’s just hilarious.
African American culture is the antithesis to your argument. Even the most wealthy individuals sporting logos of all kinds, literally as status symbols.
I agree that people have become walking billboards, but I don’t think it’s always black and white in fashion, it’s much more complex than “rich people don’t wear logos”