Well at least the only bands that do it suck. And heck, if a guy like Bandit can use the money to get a rig like that and perhaps make a positive difference to the music industry then good luck to them.
But seriously, I'm 15 and all I have is a Squier Showmaster, a Fender Jag-Stang (second hand), a Fender Frontman 15G (came with the Showmaster) and a Danelectro Black Liquorice distortion pedal that I got from a friend (sounds pretty crappy). Then again, I have no job, but considering you're the same age as me and you've got all that, it kinda makes me feel like I've been a little lazy. 😛
