Iraq war costing 120% too much

It is not completely unreasonable to guesstimate the average value of a U.S. jurisdiction citizen’s life at around $9 million, given that it has been guestimated at between $4 and $5 million in 1980 and apparently increases about 15% given a 10% increase in income. See Is Your Life Worth $10 Million? for an explanation and Economic History Services for income data.

Then it is also not completely unreasonable to guesstimate the average value of an Iraq jurisdiction citizen’s life at around $250,000, given per capita income of $3,600 at PPP.

Now assuming the Lancet study is roughly correct (I know, controversial, but if it overestimates then the Iraq war is an even worse “deal”) in estimating 600,000 Iraqi excess deaths and that the U.S. government has spent $335 billion so far on the Iraq war (only direct costs; including more controversial costs would again make the “deal” worse), it is straightforward to see that the U.S. has spent over $550,000 for each Iraqi life.

What a ripoff! And we were expecting a great deal.

(Intended as irony. Too bad if post seems autistic, outrageous, or sick.)

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