Tackle junkie and whitwolf are one and the same. I don't let It bother me that I don't use a lot of the baits I have as I sometimes simply go Into the tackle room and sit, admire, and enjoy what I have worked for. So to me there's really no such thing as too much tackle.
That being said If someone needs something I gladly give It away. I have started a tackle box for the grandson and If he continues to want to fish he will, for many years to come, not have to buy anything. Lastly, If you really want to downsize give what you want to away or If you want a high priced item sell what you can to help offset the cost.