there’s literally nothing brittle about a $15 dollar pair of merino socks though, which is the argument I was responding to. If you lose it you can still buy a cheap backup and still have socks, nobody is spending all their time and energy worrying about losing a pair of $15 socks. Some things really do provide more value for a higher price, but everyone’s utility curve is different for each item.
Mostly though i think it comes down to the old joke “everyone who spends more than me is wasting their money on exorbitant whatever and everyone who spends less than me is a cheapskate.”