Yeah us real utilitarians over here like, "yeah of course there's a tradeoff but you're calling the ball waaaay too early"
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Or, more likely, they genuinely value human life that low. Actually, that miscalibration would explain a lot.
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They value life on a scale: My life = priceless "Their" lives = expendable
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It’s another of those irregular verbs...
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Yes, I knew that (though I suspect many people didn't). My point was ironic - I would like to see him argue in public for any cash figure you want to specify! 50 years ago traffic engineers looking at works to improve road safety put it at around £1.5M - but time moves on . . .
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In the same way in the UK we've found out that key workers don't earn >£30k, and to a large extent are migrants.https://www.theguardian.com/environment/2020/mar/28/fruit-and-veg-will-run-out-unless-britain-charters-planes-to-fly-in-farm-workers-from-eastern-europe …
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They also think that somehow waving their hands and calling everything off will have people back to work instantly. More likely that we'll have many, many more dead people and still have an effectively stalled economy.
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"they’re underestimating actuarial value of the lives we’d lose" True. Loss of skills, loss of demand, loss of invested value in education and training. Even from that standpoint, it's idotic.
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On top of the fact that those lives would be lost on a fool's errand. Lifting restrictions wouldn't just cause more deaths among older or chronically ill people -- it would also spread more disease through the whole population. Nothing good would come of it for anyone.
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US gov accounting puts human life value at somewhere around $5M. At 1M deaths, that's $5T. $2T stimulus here while probably inadequate seems pretty reasonable in rough orders of magnitude.
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Not quite. On the low side, FDA put the value at $7.9M in 2010 ($9.3M today, adj for inflation) and the DoT at $9.6M in 2016 ($10.4M today) on the high side. Certainly knocking on the door of an order of magnitude difference, if not actually stepping over the threshold.
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