What is the value of life?
Here's the response of a Transudationist:
And here's the response of the Whoremaster: here are some lowlights:
Someplace else, people might tell you that human life is priceless. In Washington, the federal government has appraised it like a '96 Camaro with bad brakes.
Last week, it was revealed that an Environmental Protection Agency office had lowered its official estimate of life's value, from about $8.04 million to about $7.22 million. That decision has put a spotlight on the concept of the "Value of a Statistical Life," in which the Washington bureaucracy takes on a question usually left to preachers and poets.
This value is routinely calculated by several agencies, each putting its own dollar figure on the worth of life -- not any particular person's life, just that of a generic American. The figure is then used to judge whether potentially lifesaving policy measures are really worth the cost.
A human life, based on an economic analysis grounded in observations of everyday Americans, typically turns out to be worth $5 million to $8 million -- about as much as a mega-mansion or a middle infielder.
Now, for the first time, the EPA has used this little-known process to devalue life, something that environmentalists say could set a scary precedent, making it seem that lifesaving pollution reductions are not worth the cost.
"By reducing the value of human life, which is really a devious way of cooking the books, the perceived benefits of cleaning up the air seem less," said Frank O'Donnell of the District-based group Clean Air Watch. "That has the effect of weakening the case for pollution cleanup."
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