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I don't know where it started, but it's generally a true fact.
Yes, There are plenty of people that have had $50 - $100 scopes that have never let them down. Good for them! I've never been that lucky, and had plenty of them break.
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I only have had a few scopes go down over the years, but I learned early on to stay with quality in terms of mechanical build at a minimum. Still have a few old Redfields that just keep on ticking,
I have a $750 optic on my precision rimfire, not for price, but for specs I wanted on it.
And TXhillbilly, you have more in your rings and base on that rig that most people posting have in their scope. Looks like a fun rig.