Quote Originally Posted by Brightamethyst View Post
Gear and tomestone caps exist because without them people would run a hundred dungeons and a dozen raids in the first week and then spend the next 4-8 months complaining about how there's nothing to do.
This is the actual answer. (Tomestone caps also function to allow people to 'keep up' without having to no-life the game.)

As a bonus, the caps provide an evergreen topic for people to complain about, and there are few things that MMO players love more than complaining about the MMOs that they play. It's a win - win.