Its a fun thought exercise, but I've found the opposite to be true in most cases. More expensive clothes are usually less durable (depending on the brand). The same goes for appliances, and cars, and phones, and etc. The cheap designs are simple and robust and the expensive designs add complexity and features.
In reality I think there are more forces extracting money from the wealthy and their effete needs. My example is an airplane. The first class passengers are effectively paying 3x as much for the same outcome. The same is true for ovens and shoes and phones and cars.
In reality I think there are more forces extracting money from the wealthy and their effete needs. My example is an airplane. The first class passengers are effectively paying 3x as much for the same outcome. The same is true for ovens and shoes and phones and cars.