The cost of a life
So how much are you worth, really? At this, my bank manager will laugh and point to my overdraft, credit cards, unsecured loans, mortgage and say "nothing". Which shows how little he knows. Put it another way, how much is it worth to save your life? From your perspective, presumably it is worth spending billions to save your life. But somewhere in the bowels of Whitehall, the paper pushers and adjusting their eye shades and figuring out how much they really want to spend saving you. For instance:
The truth is, there is no bottomless pit of money for all these worthy things, however much our politicians may want to promise to us. Inevitably, this leads to the scene where a valiant mum goes on TV to say that she has been sentenced to death by the government which will not pay for the latest and greatest cancer treatment: does the mum have a right to blank cheque from society? Will you pay the cheque, in person?
Some answers, please:
So now we move onto quiz for the day. Rank the following in order of value. Much would you pay (as a taxpayer, you will pay for the limitless generosity of government) to save each one of the following and for how long?
Wayne Rooney's metartasal
Cherie "Pyramid Power" Blair
Count Kostov
Darren, who is doing 18 months for GBH.
Arthur, who fought in the last war and is now on his last legs in a nursing home.
- How much should we spend on new drugs and operations to save you (and for how long will it save you?)
- How much should we spend on road safety to cut a few more fatalities each year? How much should we spend on railways to achieve the same result?
How much should we spend on regulations to prevent nasty stuff getting into the air and the water to save how many lives? - Should you pay as much to save the life of a young person (who might recover fully and be a productive member of society) as you would to extend the life of a 90 year old by one year?
- How much more should society pay to keep the count alive versus, say, a hooligan, social worker or Tony Blair?
The truth is, there is no bottomless pit of money for all these worthy things, however much our politicians may want to promise to us. Inevitably, this leads to the scene where a valiant mum goes on TV to say that she has been sentenced to death by the government which will not pay for the latest and greatest cancer treatment: does the mum have a right to blank cheque from society? Will you pay the cheque, in person?
Some answers, please:
- The American EPA reckons that a life is worth $6.3 million. In other words, if a regulation saves 100 lives and costs less than $630 million to implement, they should implement it.
- Fitting ATP (Advanced Train Protection) will cost £20 million per life saved - but should be worth it since it might also protect the career interests of a government minister as well.
- Road safety improvements vary from £0.1 million (local authority spending) to £1.1 million (national guidelines) per life saved.
So now we move onto quiz for the day. Rank the following in order of value. Much would you pay (as a taxpayer, you will pay for the limitless generosity of government) to save each one of the following and for how long?
Wayne Rooney's metartasal
Cherie "Pyramid Power" Blair
Count Kostov
Darren, who is doing 18 months for GBH.
Arthur, who fought in the last war and is now on his last legs in a nursing home.
