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I would like to hear an estimate of how badly this would effect demand. If a million people who spend a thousand dollars a month die then isnt that 12 billion s
by guerrilla 7y ago
I would like to hear an estimate of how badly this would effect demand. If a million people who spend a thousand dollars a month die then isnt that 12 billion shaved off spending over that next year? Im sure its more complicated due to ecnomic rent relations and other things I don't even know about but isnt this by itself a disaster?
- CydeWeys 7y agoThe actuarial value of the typical human life is roughly in the neighborhood of 5-10 million dollars. It wouldn't just be spending shaved off in one year, it'd be every year after that too, and then there'd be all the knock-on effects of more government required assistance for dependents that can no longer be supported properly, lots of foreclosures, a reduction in childbirth and size of the next generation ... And by the way, your math is off by a factor of one thousand.