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From wikipedia: > By 2017, delays and cost overruns had pushed the F-35 program's expected acquisition costs to $406.5 billion, with total lifetime cost (i.e
by credit_guy 3y ago
From wikipedia:
> By 2017, delays and cost overruns had pushed the F-35 program's expected acquisition costs to $406.5 billion, with total lifetime cost (i.e., to 2070) to $1.5 trillion in then-year dollars which also includes operations and maintenance
That big number is for the total of acquisition, operations and maintenance from the beginning until 2070.
F-35 has been a component of the US defense since at least 2020, so the taxpayers gets 50 years of F-35 for $1.5 BN, that's 30 billion per year. The US population is currently 332 million. That makes it $2.5 per American citizen per day.
Every morning I get a Grande coffee from Starbucks for $3.97.
- dghlsakjg 3y agoI would rather not spend $912 per year for the rest of my life on fighter jets even though you choose to spend $3.97 on coffee everyday.
- pests 3y agoThen don't?
- dghlsakjg 3y agoHow do you suggest that I convince the US government not to tax me, or not to spend that money on the f-35 program?
- pests 3y agoYou give up citizenship. You're acting like it's some impossible thing. Close to 10,000 people do so a year. My money is on you actually enjoying the rest of the benefits America provides so you won't do it. But if you cared enough, you would.
- dghlsakjg 3y agoSadly, my backup citizenship is Canadian, so I get to pay for F-35s no matter what I do. On that note, giving up your US citizenship does not in any way prevent you from being taxed by the American government. There is a hefty fee to apply for expatriation, and then there are exit taxes that may have to be paid.
- pests 3y agoThe hefty fee is only $2350, about two years of your F-35 payments. The exit tax is just your unpaid taxes and only applies to high net worth individuals (over $2 million) or other special circumstances. If you already paid taxes on income, you won't be double taxed. It's basically the pro-rated "final tax bill" because you are leaving in the middle of the tax year.
- fragmede 3y agocould we spend that on schools and housing and infrastructure and welfare instead?
- relativ575 3y agoThere are no lack of spending for schools and housing and infrastructure and welfare. 15% of federal spending is for defense, of which F-35 spending is part of. To compare, 22% is for social security, 14% is for health, 10% is for medicare, 3% is for education. Note that this is federal, most of education spending is at state and local level. https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ https://fiscaldata.treasury.gov/americas-finance-guide/feder...
- credit_guy 3y agoMy city (NYC) alone spends $31.5 BN per year for preK-12 education [1]. NYC's population is 8.15 million, or less than 2.5% the population of the entire country. For $30 BN/year the entire country gets 5th generation gets that are by far the best in the world, and for $31.5 BN a single city gets to fund its public education with results that are (maybe) average for the OECD countries. [1] https://comptroller.nyc.gov/reports/spotlight-school-budget-allocations/ https://comptroller.nyc.gov/reports/spotlight-school-budget-...
- iancmceachern 3y agoSpending it on this is basically that, just one step removed
- randcraw 3y agoNobody prices the cost of discrete products by the number of years of production. That'd be insane.