Value of Life

Captain Bonespurs now has a flesh wound. Former president-elect Donald J Trump was the target of a not-so-sharpshooter yesterday. Immediately resorting to Godwin’s Law, I wondered if this was like the philosophical hypothetical asking, ‘Would you kill baby Hitler to prevent the eventualities that unfolded?’ Was Hitler the symptom or the disease? What about Donald J? Whatever the cause or motivation, not unlike the fire at the Reichstag, this event has galvanised his supporters. Let’s hope that the outcome doesn’t follow the same path. There is a fear that he’ll take a path similar to Hitler or Ceasar before him in a quest for power.

What is a life worth? The average US-American life is valued at around $7 million, give or take a few million. The number ranges between $1 MM and $10 MM depending on which agency you see. That they equate lives to dollars is curious enough, but that they can’t agree on a single figure is priceless.

For background, this value is used to determine intervention. For FEMA (Federal Emergency Management Agency), a human life is worth about $7.5 MM For the EPA (Environmental Protection Agency) it’s slightly more than $10 MM. Are these cats playing Monopoly? Nah.

The human life calculus considers factors like lifetime earnings potential and discounts it to Present Value. In action, assume there is a disaster. Let’s not use COVID-19. Instead, there is an island with 1,000 inhabitants. Using the $10 MM per person figure to simplify the maths, we would be justified in spending up to $10,000,000,000 to intervene in some potential disaster – $10 MMM or $1e10.

Human lifetime value is an average. Mr Trump has already shown himself to be worth more than $10 MM. I suppose this means that not all humans are created equal. No matter. Another logical question might be what is the cost of a person’s detriment to society. This is a question for a Modernist or someone who feels that a given configuration of society is preferred to all others – or at least some others. How much damage might one human do?

Trump enriched himself and his family and entourage in his first term. In Ukraine, Zelenskyy and his lot bilked the country out of billions. It’s nothing new, but do we subtract the costs from the benefits or is this a gross calculation?

Irrespective of the costs, the next four years ahead are expected to be tumultuous no matter which corporate-sponsored party prevails. Heads, they win; tails, the country – if not the world – loses.