$3.4B value of a life? 593 deaths $2 trillion stimulus

[Kirk R.]

Where's the BP Pandemic life value spreadsheet that feeds into the rental property calculator? :(

Doing these kinds of calculations just feels depressing.


$200k Ford Pinto Value of a human life 1972 (1)
$10M EPA Value of a human life 2016 (2)
$3.4B CV Value of a human life March 24, 2020 (sadly most likely will go down quickly as more deaths occur)

593 cv deaths 46k cases March 24 in us (3)
Highest potential US death number I've seen is 1.7M. (4)

What 1,000,000,000,000 (trillion T) looks like. 1st time I've ever used the T.
1.7M deaths x$10M is = 17,000,000,000,000 ($17 trillion)
$2 trillion proposed stimulus package (6)
$21T 2019 us GDP (7)

330M us citizens.
52 million > 65 yrs old
death rates
.5% 15 to 65 (5)
2.7% over 65 (5)


$2T/$10M = 200,000 deaths saved?

$2T/593 current deaths = $3.4B/death

$2T/1.7M deaths = $1,176,470



OBVIOUSLY, Hopefully CV disappears quickly. Or a Vaccine is discovered. If it drags on, maybe high risk people isolate. Everyone else buys a mask washes their hands & life continues. Also helpful Test kits, PPE for health care, & Ventilators become available.
Finding good numbers/data for this was really tough with how quickly things are changing. IMO this is what fed government should be doing.

..................

little scared creating this topic.

I would think that government economists in conjunction with cdc would have already run these numbers & passed them to congress & the senate to use some logic on the stimulus package. but like the pandemic office is gone, maybe the leadership got rid of the economists too. or the economists are afraid to show such a report because leadership might look at the page number of the report & think that was the current #of cases in the us (sarcasm). "Different numbers. All different numbers. Very large numbers. And some small numbers too, by the way."

sources:
(1)https://users.wfu.edu/palmitar...
(2)https://www.bloomberg.com/grap...
(3)https://coronavirus.1point3acr...
(4)https://www.google.com/amp/s/w...
(5)https://www.statnews.com/2020/...
(6)https://www.google.com/amp/s/a...
(7)https://countryeconomy.com/gdp...

[Jeff C.]

Well, there will obviously be many more deaths still yet.. but also, the aggregate economic loss from the shutdown and reverberating effects is going to be far greater than just what the government spends on stimulus. These numbers will be argued about for decades to come, and entirely incalculable because what we are really concerned with is the number of deaths that DIDN'T occur because of the measures taken, which will always be unknowable.