The issue is the upfront cost. Someone who is rich and can buy a pair of shoes of €150, which last 5 years, will effectively pay €2.5 a month for that.
But someone who can’t cough up €150 on the spot, has to buy €30 shoes that may last 8 months. And they effectively pay €3.75 a month.
It’s a small difference initially, but over the course of 5 years, the poor one will have had spent €225 (buying new ones 7.5 times in total.)
And that’s not even accounting for inflation, which is not relevant for the rich person (as they only buy it once in that period), while the poor person will see costs rise. Assuming a 5% inflation rate (because that’s how shit it is currently), and rounding to the nearest full mark, that will mean the poor person will have spent about €55 more on top of that.
THE DIFFERENCE OVER FIVE YEARS.
THE POOR HAS TO PAY €280.
THE RICH CAN AFFORD €150 AT ONCE.
A difference of €130, almost one full new pair of shoes. Is that justice?
The issue is the upfront cost. Someone who is rich and can buy a pair of shoes of €150, which last 5 years, will effectively pay €2.5 a month for that.
But someone who can’t cough up €150 on the spot, has to buy €30 shoes that may last 8 months. And they effectively pay €3.75 a month.
It’s a small difference initially, but over the course of 5 years, the poor one will have had spent €225 (buying new ones 7.5 times in total.)
And that’s not even accounting for inflation, which is not relevant for the rich person (as they only buy it once in that period), while the poor person will see costs rise. Assuming a 5% inflation rate (because that’s how shit it is currently), and rounding to the nearest full mark, that will mean the poor person will have spent about €55 more on top of that.
THE DIFFERENCE OVER FIVE YEARS.
THE POOR HAS TO PAY €280.
THE RICH CAN AFFORD €150 AT ONCE.
A difference of €130, almost one full new pair of shoes. Is that justice?