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The points in the article are all true but there's a case when the poor would pay less that isn't discussed. For something like toilet paper people who aren't
by bcheung 11y ago
The points in the article are all true but there's a case when the poor would pay less that isn't discussed.
For something like toilet paper people who aren't poor probably don't even check the price. In that regard they would be paying more than someone who did comparisons to find the most economical option.
- mikeash 11y agoThat's just a matter of habits and motivation. A well-off person who can't be bothered to price-compare toilet paper still could pay less if they wanted to, they just don't care to because they don't need to. The poor person stuck paying more doesn't have the option to pay less if they want to.