Kriston Capps reports: "Using the same formula* as the researchers (and some similar assumptions), I estimated the same costs for airport pre-boarding security. TSA checkpoints have an annual cost per life saved of $667,000,000—two-thirds of one billion dollars."
Why does the government require screenings if the cost per life saved is so high?
- TSA gives the appearance of doing something and politicians love to be able to claim that they have done something to solve a problem.
- Regulation gives politicians the ability to reward some constituents to create a base for funds and votes.
- Politicians love power and regulation puts them in charge.
- The inefficiency of TSA is not obvious and many people say that no cost is too high to save a life. Of course, many of these same people make choices that unnecessarily reduce their expected life.
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