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by lopmotr 3010 days ago
It does mean something - there's asymmetry between rich and poor people's ability to buy good and bad items. The rich can buy either but the poor can only buy cheap. So even if only a few things had this boots effect, and everything else worked backward (cheaper item has better value per dollar) that would still skew the fairness in favor of the rich.

That assumes rich people actually participate. They could also just buy cheap things over and over because they can. I like to do that so I'm not too emotionally and financially attached to possessions, which becomes a liability and a worry.

1 comments

Rich people dOnt always buy premiUm products in every single category of products. This was somewhat of an insight I learned when working in the FMCG industry.
Wait that wasn't obvious for you?
No, it was not obvious to me since I have never been super rich before