Manna By Marshall Brain. Go read it.
Coming to think of it, the later part is kind of true. In fact, the whole of it is true. But what strikes me the most, is that, as humans, we need pretty little stuff for leading a good life. Most of our wants are superficial, and they can usually be fulfilled very simply. Especially because they are superficial.
However, the issue that the story does not tackle properly, is human emotion. There will be envy. Sure, you could always obtain anything that you see around using your credits. But what if I want to spend time with a person? And for some reason, say that person does not like me, I cannot? What happens then? A solution is to make a virtual copy and spend time with that copy. Go be a vite. I think I would.
You want power in your hands? Sure, get your own virtual kingdom! You want to commit a crime, do it in your virtual space. But then, will we have people who want the real thing? What do we do about them? If the virtual experience is as good as or even better than the real one, should they even bother?
Such is life. 