That is a subjective topic. If you are like me I make or made my living using hand tools and many times specialty tools. When your life and livelyhood is on the line you do not scrimp and save pennies. I do not own cheap quality tools of any kind. I have bought tools at yard sales and flee markets for cheap prices but many times the seller did not even know what they had. My gain. This practice carried over into any hobbies i had over the years. Even my mechanics tools are of good quality. There are many people that do not even know the difference between a $20 hammer and a $2 hammer. If you swung a hammer all day long you learn very quickly. That is just the example you gave. You get what you pay for. Like I said the exception is if you walk into a deal.
Then you have the people that have good tools and they abuse them and use them for things that they should not be. That is a crime. Then you have many people that have no idea the differeance between a torx screwdriver and a philips screwdriver or even a straight blade screwdriver and that is scary and then they show up on forums asking questions how to???? Put the tools down and call for help.
Generally Speaking you're right...but there is a difference in buying a (hammer for instance) for me to used doing real work and one for my wife to hang a picture with once or twice a year or one in a tool set for my daughters to keep in their college dorm rooms for emergencies. Until I was well into my sixties I used a 22 0unce Plumb for almost everything == but it was a little much for driving brads.
I see you love your hammers. You used it in another thread also. Yes there are specialty hammers of all kinds and no buying a hammer for the wife to hang pictures does not have to be a $20 hammer. She falls under the category drop the tools and call for help in my opinion. You hang the picture and break out that Plumb 22 ounce hammer.

I am not saying it is bad to have an inexpensive set of hand tools for that occasional job that pops up. But if you are going to those tools many times frustration will set in very quickly and it just not worth it.
Weather it is hand tools, power tools, craft tools, art and drafting tools, mechanics tools any trade tools, I believe you buy the best that you can afford and if it is your livelyhood or your life is on the line you do not cut corners and suck it up and get the best. I use all tools so I may not be the one you want answering the question. I believe you want those that pick up a tool maybe twice a year if that and to justify buying cheap tools.

Heck harbor freight stock is rising and more and more stores are opening everyday because people like you. You do not see many Granger stores opening. Just my opinion.