Swammerdami
Squadron Leader
(This will seem like an interesting matter for another forum but bear with me.)
Suppose a special genie appears to you. (Don't fight the hypothetical:) This genie can snap her fingers and know the date of your death, and snap her fingers again and delay your death for three years. What would you pay that genie to give you those extra three years? (No, she won't tell you the age of death.) It seems an interesting (and difficult) challenge to analyze this. The following brief ideas doubtless overlook important points.
A millionaire would offer up several hundred thousand dollars, I should think, (and multi-millionaires much more) but what about a 25-year old working man taking home $50,000 per year? Would he offer 10% of his salary, month-by-month, to have the genie's wish for his whole life? Make it 20 or 25% to cover his whole family? You do the math. Considering all the benefits to employers and public as well, I think a state or country might spend up to 10% of its GDP to make genie's wish come true for everyone. For Tennessee, that would be $38 billion per year, or almost $5600 annually per resident.
Actually the money spent by the state to improve life expectancy (and to improve it by 3.6 years, not just 3 years) would NOT be given to the genie to abscond to some other Paradise where he would squander it on hookers and blow. (Or rather, she would[n't] squander it on a warddrobe, 99,000 purses (... and gigolos?) since we've stipulated a female genie.) It would be spent inside the State of Tennessee, on health care, mental health, education, access to nutrition, and whatever. (And MUCH less than $38 billion need be spent: that was just an estimate of what people might PAY for the improved lives.)
The question occurred to me when I read this article in L.A. Times. I offer a single example to give the gist of the linked story:
So Tennessee's policies have been cheating its residents out of 3.6 years of life (or so it might seem), and all the benefits that go with that. Is this a big deal? Have Tennesseans been voting against their own best interests?
Suppose a special genie appears to you. (Don't fight the hypothetical:) This genie can snap her fingers and know the date of your death, and snap her fingers again and delay your death for three years. What would you pay that genie to give you those extra three years? (No, she won't tell you the age of death.) It seems an interesting (and difficult) challenge to analyze this. The following brief ideas doubtless overlook important points.
A millionaire would offer up several hundred thousand dollars, I should think, (and multi-millionaires much more) but what about a 25-year old working man taking home $50,000 per year? Would he offer 10% of his salary, month-by-month, to have the genie's wish for his whole life? Make it 20 or 25% to cover his whole family? You do the math. Considering all the benefits to employers and public as well, I think a state or country might spend up to 10% of its GDP to make genie's wish come true for everyone. For Tennessee, that would be $38 billion per year, or almost $5600 annually per resident.
Actually the money spent by the state to improve life expectancy (and to improve it by 3.6 years, not just 3 years) would NOT be given to the genie to abscond to some other Paradise where he would squander it on hookers and blow. (Or rather, she would[n't] squander it on a warddrobe, 99,000 purses (... and gigolos?) since we've stipulated a female genie.) It would be spent inside the State of Tennessee, on health care, mental health, education, access to nutrition, and whatever. (And MUCH less than $38 billion need be spent: that was just an estimate of what people might PAY for the improved lives.)
The question occurred to me when I read this article in L.A. Times. I offer a single example to give the gist of the linked story:
In 1980, Tennessee and Connecticut had rather similar life expectancies (Conn's was 1.3 years more). According to the article, Connecticut has pursued liberal policies, while Tennessee has become increasingly right-wing. Tennessee's LifeExpect improved 2.2 years over the 37-year period from 1980-2017. But Connecticut's improved 5.8 years over the same period: The gap has increased by 3.6 years.
So Tennessee's policies have been cheating its residents out of 3.6 years of life (or so it might seem), and all the benefits that go with that. Is this a big deal? Have Tennesseans been voting against their own best interests?