I don't think it's vile. But it is depressing. Not the raising money bit of course, but the inherent sexism, and the fact that so many women (as evidenced by this thread) wish to defend that sexism.
I also find the terms WAGs/SWAGs mind-numblingly depressing. As sungirltan says - just a homogeneous lump, defined by their attachment to a man, and not on their own individual qualities and merits.
We've come such a long way, haven't we...?