Mike's Minute: Govt's wellbeing budget a looming disaster


So as part of the Prime Minister's ongoing dream of living in a land of lollipops, landholding and general kumbaya, we have the mechanism used by the Treasury to put a monetary value on everything, despite the common-sense fact you can't put a monetary value on everything.

That's why they have sayings like "money can't buy experience", or that was "priceless". According to the Treasury, none of that's possible

This is, of course, for the so-called "wellbeing budget"

It is an idealist's fantasy, it's the workings of hand wringers who need to be consoled by the concept that as a result of any given action someone bursts into a smile, or song, or both

But to do that, given you are actually handing out money, and money is real, and the outcome might not be tangible,you need to make the intangible tangible

And that's what the spreadsheet does. It doesn't need to be a spreadsheet, it could have been a dartboard. What's a life worth? Double 20? What's making a friend worth? Triple 12? That's how stupid it is

They've valued a life at $4.7 million. Now the key to this is that you're dealing with about 4.7 million lives, that's roughly the population of the country. So you can immediately see if you get the number wrong to start with, it very quickly gets hopelessly and expensively out of control. Say a life was $4.6m, not $4.7m. That's $100,000 a person times 4.7m, and that's a lot of money.

And that's before, of course, you get to the simple reality that a life isn't worth $4.7m, it's worth whatever you want it to be

And even if we agreed this was a sensible way to measure anything, the $4.7m would merely be an average. I would value my life well beyond $4.7m, and averages aren't individual and because they're not individual, they don't directly affect you and I the way it should. It's like the mad debate around the gender pay gap, it's all done on averages. And averages don't reflect your individual set of circumstances, your reality, your wellbeing

If you value your life at $27m, then you're missing out. And that's before you get to the argument as to why the Government's estimate of your life is more valuable than yours, and who knows your life better than you?

Views: 17


You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Latest Activity

James T. Kirk posted blog posts
13 minutes ago
James T. Kirk commented on Raz Putin's blog post Happy St.Patrick's Day 12160.info!!! Sláinte!
"2 thumbs up!!! or 2 pints down weee!"
20 minutes ago
James T. Kirk favorited Raz Putin's blog post Happy St.Patrick's Day 12160.info!!! Sláinte!
21 minutes ago
Diana posted photos
50 minutes ago
Diana favorited cheeki kea's photo
52 minutes ago
oldranger_68 favorited cheeki kea's photo
1 hour ago
cheeki kea commented on Raz Putin's video
3 hours ago
cheeki kea favorited Raz Putin's video
3 hours ago
canadianjoe favorited Diana's photo
4 hours ago
canadianjoe favorited Diana's photo
4 hours ago
canadianjoe favorited Diana's photo
4 hours ago
canadianjoe favorited cheeki kea's photo
4 hours ago
cheeki kea commented on Old Denmark's video

A horrific terrorist attack occurred recently.

"So true. Anyone had Nigerian Christian migrants turn up in their neighbourhood ? No, didn't think so. Where is the news and concern for these people ? -nowhere in sight. I therefore give my supply of compassion to Them. "
4 hours ago
cheeki kea commented on cheeki kea's photo

Logic Dumbness

"Instead of reducing Guns, how about reducing Donut Shops. "
5 hours ago
cheeki kea posted a photo
5 hours ago
Central Scrutinizer favorited Deep Space's blog post Israeli group honors warmongering zionist Cunt, Nikki Haley, with a coin
6 hours ago

Please remember this website is supported by your donations...

© 2019   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2015 - all rights reserved. unless otherwise noted