I believe it’s exactly that.
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I think it has something to do with tax
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I learned this in middle school for one of those budgeting math projects. They beeeeeeeen thinkin we stupid

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They know they can successfully manipulate us and our human behavior and they do
End of conversation
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Yeah it’s an old marketing ploy that’s lasted through the ages
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yip psychological pricing.
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Yep!
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