How Much is a Life Worth - 05/29/20
We have already spent a little over 2.4 trillion on the stimulus for Covid-19 measures, estimates on the drop in GDP are anywhere from 30-45%. With the US GSP hovering around 20.5 trillion on the low range of the estimation of 30% drop that is costing around 6.15 trillion.
That is a real loss by the end of this year of 6.55 trillion dollars.
At the worst case estimates "if we did nothing" 2 million US citizens would die.
If there was no more Covid deaths as of today that would mean under the worst case scenario we would have saved 1.9 million lives at the cost of 6.55 trillion dollars.
We are talking 3.4 million dollars per life here. Or another way to put it this has cost every American 20k
Now, maybe I'm callus but I don't see anyone taking out 3.4 million dollar loans to save a family member and I certainly don't see anyone of these mask wearing dumb asses forking over 20K to people on the regular.
That is a real loss by the end of this year of 6.55 trillion dollars.
At the worst case estimates "if we did nothing" 2 million US citizens would die.
If there was no more Covid deaths as of today that would mean under the worst case scenario we would have saved 1.9 million lives at the cost of 6.55 trillion dollars.
We are talking 3.4 million dollars per life here. Or another way to put it this has cost every American 20k
Now, maybe I'm callus but I don't see anyone taking out 3.4 million dollar loans to save a family member and I certainly don't see anyone of these mask wearing dumb asses forking over 20K to people on the regular.