I agree, in general, but when you go to WalMart the merchandise on the shelves is not there because it is the highest quality. It’s there because the WalMart buyers were able to get the best prices on those items, and they were ‘high enough’ quality to be acceptable. Most of us don’t automatically buy the best. We buy the best we can afford or feel comfortable buying.
I absolutely agree about the tax burden. There are also the defensive costs industry has to contend with to protect themselves against product liability etc.
Yep- litigation defense is insane in the US. I never realized how bad it was until I traveled- the lack of concern for getting sued was quite noticeable.
Most of us don’t automatically buy the best. We buy the best we can afford or feel comfortable buying.
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True, I recall something I heard some time ago, “the perfect is the enemy of the good”. Sometimes the very best product is actually too good, it won’t be used enough or long enough to justify the cost. On the other hand, sometimes the most expensive is not the very best anyway, sometimes it is just the most expensive.