I am seeing 3 camps here, and am going to side with ScotE - the rational one.
However, if this were "run-of-the-mill hunting forum", I would be all in with what savageman is pushing. I think you are taking it to an extreme in place where some really need what others push at the other extreme. Although, I think there are many of us "posers" here among them that do not hunt at long ranges. And that other extreme- buy the best always for everything- often do not take application into consideration when they offer that advice.
I have a bunch of $50 scopes that I use, and I would not hesitate to take them into my hunting situation and know they will work fine. I typically do not use them and usually outfit my hunting rifle for the year with a $150 scope and it has NEVER failed me. Even WHEN - according to that camp - it does fail at the moment of the once in a lifetime opportunity, I will not worry myself to death for the rest of my life over it. My hunting is 99% fun, 1% kill.
I pick my battles when it comes to "buying the best at all costs" for everything in my life. I have been blessed in my career and have more means than I deserve perhaps, and still do not hesitate buying low cost tools, toys, things, etc if I know I will not be using them seriously and I belive they will perform to my realistic needs. If it makes me happy having the nicer more prestigous option, I go for it. In the end, I have more things collecting dust from lack of use or replaced by the newer model, than things I really want to keep using and broke. Resale value is nothing to me because I hate the process of selling things.
Its just the way I do it, and no one is going to change me, I am happy with what I have and how I got it.