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by bishnu 1983 days ago
So, $7.2M per life lost.
3 comments

For what it's worth, this is right in the middle of the "Value of Statistical Life" used in public policy decisions, $4M to $10M.

https://strata.org/pdf/2017/vsl-full-report.pdf

At least one of the states has a statutory value of a life, but I'm afraid I can't find it now (don't Google it, you will be fed into the intake funnel for wrongful death lawyers), but I think it is around $7M.

That said, $500M is for a victims' fund, about $1.4M/death, the rest appears to be a deterrent to deceiving regulators

I guess I could bear this point if there was a commitment to dedicate this money to something that can actually save orders of magnitude more lives - though even then it's highly debatable. Thing is, is there at least such a promise?
Those dead people are gonna be living it up on that!