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Your argument only works if the cost and the benefit are to the same entity. In this case of a trillion dollar war, the cost is to the US taxpayer, and the sol
by adammichaelc 13y ago
Your argument only works if the cost and the benefit are to the same entity.
In this case of a trillion dollar war, the cost is to the US taxpayer, and the soldiers who fight the war.
The economic benefits go to military contractors, the various war departments of the USG who need reasons to keep their budgets intact, and holders of the US Government's debt (http://finance.townhall.com/columnists/politicalcalculations/2013/01/21/who-really-owns-the-us-national-debt-n1493555/page/full http://finance.townhall.com/columnists/politicalcalculations...)
- mikeash 13y agoI don't understand. My argument is simply that value can be destroyed, and that people can still benefit during this process even when the value being destroyed greatly dwarfs the benefit. There's nothing about that which requires the cost and benefit to go to the same place.
- deleted 13y ago[deleted]