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

https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/video/mi...

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: 18

Comment

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

Join 12160 Social Network

Latest Activity

Old Denmark posted videos
6 minutes ago
Mrs. Tif Morgan posted a discussion

Things The Media Does Not Talk About: US Border

Things The Media Does Not Talk About: US Border- YouTube…See More
2 hours ago
Mrs. Tif Morgan replied to Mrs. Tif Morgan's discussion Dems Introduce Bill Forcing Men to Report to Police When They Masturbate
"Ahh what?"
2 hours ago
DHUK posted a video

What They Dont Want You to See in The NZ Mosque Shooting Video - And Its Not "CGI"

No further explanation Required. Download, Repost. Share wildly while you can. MAKE VIRAL! This video may see the end of my channel But WTF huh? The truth pr...
2 hours ago
canadianjoe favorited the mighty bull's photo
2 hours ago
cheeki kea favorited Old Denmark's video
3 hours ago
cheeki kea replied to Chris of the family Masters's discussion ALERT: Brighteon.com video platform under extreme threat from internet infrastructure providers, forced to delete all New Zealand shooting videos, essentially “at gunpoint” by the globalist controller
"There's no solution in locking the stable door after the horse has bolted. That just makes people curious, and perpetuates the dilemma, there's a degree of anger out there now, but nowhere to address it. This disaster has only served to…"
4 hours ago
cheeki kea commented on Raz Putin's video
Thumbnail

Zio-Connections to the New Zealand Mosque Massacre

"It's not only local gun rights at risk here. The hoax will be used as an example for gun control in a global push to disarm people everywhere. One day you may not be able to buy Any firearm without a license, thats why I got one now, It can be…"
5 hours ago
cheeki kea replied to Chris of the family Masters's discussion Colorado: Contact Needed! - Senate Passes “Red Flag” Legislation on Second Reading
"'Staying' alive could be taken into consideration first, by Everyone. "
5 hours ago
Chris of the family Masters replied to Chris of the family Masters's discussion Colorado: Contact Needed! - Senate Passes “Red Flag” Legislation on Second Reading
"When you become alive, such rules would not apply to you. http://12160.info/m/blogpost?id=2649739%3ABlogPost%3A1896720"
8 hours ago
Chris of the family Masters posted videos
8 hours ago
Maasanova commented on Raz Putin's video
11 hours ago
Maasanova commented on Raz Putin's video
Thumbnail

Zio-Connections to the New Zealand Mosque Massacre

"I can't believe he is still on JewTube"
12 hours ago
Maasanova favorited Chris of the family Masters's video
12 hours ago
the mighty bull posted a status
"I'm off to play Bitlife and Grand Theft Auto"
12 hours ago
Maasanova posted a video

Def Leppard - Personal Jesus

Music video by Def Leppard performing Personal Jesus (Remix). © 2018 Bludgeon Riffola http://vevo.ly/qRMgiW
12 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