More like hit thumb with hammer.
That isn't correct. There are many more factors involved than a simple one of every day use or not and tax relief or not. The difference in actual and opportunity cost between mid market products such as Ryobi and good quality such as Makita, Bosch, DeWalt, Metabo is eaten up by additional visits to the store to exchange/replace broken cheap tools and in the extra capital purchase costs of the cheaper tools over time.
This is why the lifetime cost and profile of use should be considered and not just the price on the ticket.