In the video below, NBC News reveals the “astronomical health care costs of gun violence.” According to the report, “gunshot injuries cost Americans $2.8 billion per year.” The soft spoken narrator somehow forgets to put that stat into perspective. Setting aside questions of [monetary] inflation, I refer gun truth-seeking readers to a 2012 article by TTAG writer Bruce Krafft’s post Defensive Gun Uses Save the U.S. One Trillion Dollars Per Year. Here’s the relevant excerpt . . .
According to the AZ state gov’t, in February of 2008 a human life was worth $6.5 million. Going to the Inflation Calculator and punching in the numbers gives us a present value of $6.93 million.
So figuring that the average DGU (defensive gun use) saves one half of a person’s life—as“gun violence” predominantly affects younger demographics—that gives us $3.465 million per half life.
Putting this all together, [using a low estimate of 1.88 million DGUs per year] we find that the monetary benefit of guns (by way of DGUs) is roughly 1.02 trillion dollars per year. Trillion. With a ‘T’.
That’s a net savings of $997.2 billion. Think. Indeed.