I kind of see your point. I try to limit my gear, but that's just because I'm not a collector. I don't like to own stuff that I have no plan on using fairly regularly. That said: while there are downsides to collecting -- it takes money, and storage space -- there's nothing inherently wrong with it.
No doubt some put more emphasis on gear than talent, but that has nothing to do with the amount of gear they own. Some of the best bassists I know have huge gear collections. One comes to the local blues jam with a different bass each night, so props to him for spreading the love around.
Originally Posted by solderjunkie
Has anyone here "cleaned house" to the point of owning one bass and one amplifier?
I think this is a bad idea, the main reason being that you should always own backups in case something happens to your primary bass or amp. In 30+ years I haven't experienced many failures, but each time they happened it was much easier for me to go to my own backup while my bass or amp was in the repair shop. No guarantee you'll get something you like if you have to borrow or rent.