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"would lift U.S. gross domestic product by 9.5 percent"? Really? Over what period of time? If it's one year it's unbelievable. If it's over 50 years, who cares?
by gmarx 11y ago
"would lift U.S. gross domestic product by 9.5 percent"? Really? Over what period of time? If it's one year it's unbelievable. If it's over 50 years, who cares?
- raldi 11y agoI believe the calculation is for when the system approached its new steady state. And why shouldn't one care about the world of fifty years from now? I intend to still be alive, and so will a lot of the people I care about. Plus it's not like we'd see no improvement whatsoever for 49 years and then WHAM. We'd see gradual returns on this investment every year.
- JauntTrooper 11y agoMost recent US GDP: $17.914 trillion. 9.5% of that would yield an additional $1.7 trillion of net goods and services produced by our economy. For comparison, we spend ~$0.85 trillion on Social Security and ~$0.6 trillion on defense a year.