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Well, if YOU can't tell any difference????
My Jazz bass cost me 2800 and retail it goes for 3500. Its handbuilt by Fender Masters handwound pickups its craft is so fine, I could go on but this bass is the best bass I've held and played.
I have never paid more than $600 for a bass, or any piece of musical equipment, but i like to eat and pay rent, what can I say Im weird like that. I dont personally see the point in expensive basses and to be quite honest I am more than happy with what i get out of my t-40's ($75 and $160 if price tags are what your into) and i dont plan on getting anything else bass wise, besides everyone knows boutique basses are tools of the Bourgeoisie.
I don't think this is an invalid quetion. Sound may be subjective to the player but feel, build quality and playability are IMO much better in a more expensive bass. My Alembic plays and feels much better than my Squier but I own both because they give me different tone options.
It's kind of funny....You don't hear violinists, violists, cellists, pianists, saxophonists, trumpeters, clarinetists, flautists, oboeists, buglers, french horn players, basoonists mallet percussionists, etc talk down to people who play 'expensive' violins, violas, cellos, saxophones, trumpets, clarinets, flutes, oboes, bugles, french horns, basoons, vibes, etc.
Is this like a 'rock and roll' thing?
If you play an expensive bass you send a message to all those impressionable young minds out there that your worthless unless you have a $9,000.00 instrument. 
Some folks can't tell the diff between Sizzlers steak and a NYC Peter Luger either and thats the sad part. LOL
cheap basses - any point?
Just for the record, I still have a Peavey TL-6 I bought in 1993 from a music store in Toledo, OH. Basically a great instrument. I paid $1100.00 for it. That was at a time when a Fodera 6 was $3500.00 to $4000.00. It had some shortcomings, and still does. But a lot of it was fixed when I put a set of Fodera/Duncan single coil PU's in it along with one of my preamps. The neck is a strange shape and the instrument isn't balanced terribly well, but all in all it sounds pretty ridiculous and plays well enough for music.
When the shortcomings of a cheaper instrument start to inhibit what you're trying to do musically, you need to either fix them or look up to the next class of instrument. A classical pianist might say they're happy playing a Steinway or a Mason&Hamlin or MAYBE even a Yamaha piano. But no self-respecting classical pianist is going tell you that they'd rather play a Young-Chang given a choice. The Young-Chang is probably a very respectable piano for the money...but the Steinway, M&H are unarguably in another class altogether. Same is true of, for example, a Fodera vs. a Schecter. For $500.00 a Schecter would be one of the first recommendations I'd make to a young player. But if that player progresses to a certain point, the shortcomings of the Schecter may (and probably will IMO) become apparent. Replacing it with an Ibanez or a Dean or a Cort or even a lot of the Fenders out there would be a lateral move.
Bottom line is, if you're not in a place where your playing/musical vision is demanding a better instrument, don't worry about how expensive your bass is.
For $500.00 a Schecter would be one of the first recommendations I'd make to a young player. But if that player progresses to a certain point, the shortcomings of the Schecter may (and probably will IMO) become apparent. Replacing it with an Ibanez or a Dean or a Cort or even a lot of the Fenders out there would be a lateral move.
Bottom line is, if you're not in a place where your playing/musical vision is demanding a better instrument, don't worry about how expensive your bass is.
A $4000 bass isn't going to make someone a better player, and a great player doesn't need to spend thousands to "overcome" anything.
I can see this argument with straight-up beginners, but as long as I've been playing, my opinion is that a good player can overcome the shortcomings of a budget instrument whereas a high-end instrument won't help a person overcome deficiencies in playing.
A good player can make most anything sound good. A $4000 bass isn't going to make someone a better player, and a great player doesn't need to spend thousands to "overcome" anything.