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Not particularly true, since when you start getting into products that could have a "veblen good" status this phenomenon becomes exacerbated.



OTOH, rich people will accept stupid limitations if you pitch them correctly. I mean, a $5 Casio or Timex is technically superior to a $250k mechanical watch on most metrics related to keeping time. And they will especially accept long lead times or otherwise exclusive purchasing processes ("there's a waiting list", or even the country-club style screening process). Poor people also get upset when cheated, but they are more tolerant of some things and less tolerant of others than rich people.


Apple had a backlash when they reduced the price of the iPhone by $100 [1]. I'd think the backlash here would be even stronger.

[1]: http://money.cnn.com/2007/09/06/technology/iphone_price/


people confuse pretentious for rich. The Apple phone debacle was because of the former, not the later. There are a lot of pretend to be rich people out there, a bouncer friend used to refer to them as the 40k millionaires. Guys who leased BMWs and such, made sure everyone saw their iPhone, etc.


"There are a lot of pretend to be rich people out there, a bouncer friend used to refer to them as the 40k millionaires. Guys who leased BMWs and such, made sure everyone saw their iPhone, etc."

Ah, the people who go to bottle clubs on the "salary" of your average parents' basement-dwelling Multilevel Marketing hustler :p




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