The Bill for Violence: Trillions Charged to Taxpayers
|February 28, 2014||Posted by Staff under War / Peace|
A 2014 excerpt of Vision of Humanity, Feb 20.
The global economic cost of violence in 2012 was US$9.46 trillion, which represents 11% of Gross World Product.
Violence containment spending is understood as any economic activity that is related to the prevention or consequences of violence; it includes direct costs such the medical cost of a victim, and indirect costs such as the loss of human capital when someone is displaced as a result of violence.
The findings outlined in the report show that violence containment costs US$1,300 per person per year. It is almost double the size of the world’s agriculture industry and over 2.4 times the size of the total GDP of Africa.
While some spending on violence containment is necessary, overspending on violence containment reduces funds for productive programs. Some of the countries that have the highest violence containment expenditure, are also among the poorest.
The three countries with the highest level of violence containment spending as a percentage of GDP are North Korea, Syria, and Liberia. The military accounts for 70% of North Korea’s violence containment expenditure, which is equivalent to 20% of the country’s total GDP.
Ed. Notes: The authors want government to behave and not spend so much on killing while spending more on schools and clinics. However, subsidized schools and clinics are for poor people. Should we keep people poor? If they weren’t poor, couldn’t they choose their own teachers and doctors? The way to end poverty is NOT to let governments tax then hope they spend our public revenue fairly. The way to end poverty is to get rid of taxes and subsidies. Replace taxes with fees and dues. Replace subsidies with a dividend to the citizenry from the value of sites and resources, a value that always yields surplus public revenue. Even small applications of geonomics have worked.