Yerda
Veteran Member
How Scared of Terrorism Should You Be? - Reason.com
...a rough calculation suggests that in the last five years, your chances of being killed by a terrorist are about one in 20 million. This compares annual risk of dying in a car accident of 1 in 19,000; drowning in a bathtub at 1 in 800,000; dying in a building fire at 1 in 99,000; or being struck by lightning at 1 in 5,500,000. In other words, in the last five years you were four times more likely to be struck by lightning than killed by a terrorist...
...Ohio State University political scientist John Mueller and Mark Stewart, an engineering professor at University of Newcastle in Australia recently estimated that the U.S. has spent $1 trillion on anti-terrorism security measures since 2001 (this figure does not include the costs of the wars in Iraq and Afghanistan). Assuming that 2,300 Americans might have been killed by terrorists inside the United States, this implies a cost of more that $400 million dollars per life saved. Typically when evaluating the costs of protective regulations, federal government agencies set the value of a life at about $9 million.
However, terrorism is especially frightening (that’s why they call it “terrorism”), so the average citizen might want to spend double the usual amount to prevent a death. But still suggests that on a reasonable benefit-cost basis public and private spending is 20 times too much to prevent deaths from terrorist attacks. Now let’s retrospectively add the tragic 3,000 deaths from the 9/11 attacks to take into account the remote possibility that terrorists might be able to pull off another similarly spectacular assault; that still means that nearly $200 million is being spent per plausible life saved...
Startling conclusions. Thoughts?
...a rough calculation suggests that in the last five years, your chances of being killed by a terrorist are about one in 20 million. This compares annual risk of dying in a car accident of 1 in 19,000; drowning in a bathtub at 1 in 800,000; dying in a building fire at 1 in 99,000; or being struck by lightning at 1 in 5,500,000. In other words, in the last five years you were four times more likely to be struck by lightning than killed by a terrorist...
...Ohio State University political scientist John Mueller and Mark Stewart, an engineering professor at University of Newcastle in Australia recently estimated that the U.S. has spent $1 trillion on anti-terrorism security measures since 2001 (this figure does not include the costs of the wars in Iraq and Afghanistan). Assuming that 2,300 Americans might have been killed by terrorists inside the United States, this implies a cost of more that $400 million dollars per life saved. Typically when evaluating the costs of protective regulations, federal government agencies set the value of a life at about $9 million.
However, terrorism is especially frightening (that’s why they call it “terrorism”), so the average citizen might want to spend double the usual amount to prevent a death. But still suggests that on a reasonable benefit-cost basis public and private spending is 20 times too much to prevent deaths from terrorist attacks. Now let’s retrospectively add the tragic 3,000 deaths from the 9/11 attacks to take into account the remote possibility that terrorists might be able to pull off another similarly spectacular assault; that still means that nearly $200 million is being spent per plausible life saved...
Startling conclusions. Thoughts?
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