Defensive Gun Uses Save the U.S. One Trillion Dollars Per Year
Posted on April 14, 2012 by Bruce W. Krafft
.......Our fearless leader suggested that I take a look at the flip side of the anti’s latest attack on our freedoms (a recycled strategy from the Clinton-era Public Health model of gun control): the monetary cost of gun violence. For example, the Center for American Progress touted the “fact” that the Virginia Tech massacre cost taxpayers $48.2 million (including autopsy costs and a fine against Virginia Tech for failing to get their skates on when the killer started shooting). It’s one of the antis’ favorite tricks: cost benefit analysis omitting the benefit side of the equation. So what are the financial benefits of firearm ownership to society? Read on . . .
In my post Dennis Henigan on Chardon: Clockwork Edition, I did an analysis of how many lives were saved annually in Defensive Gun Uses (DGUs). I used extremely conservative numbers. Now I am going to use some less conservative ones.
The Kleck-Gertz DGU study estimated that there are between 2.1 and 2.5 million DGUs a year in the U.S. The Ludwig-Cook study came up with 1.46 million. So let’s split the difference and call it 1.88 million DGUs per year.
........So figuring that the average DGU 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, we find that the monetary benefit of guns (by way of DGUs) is roughly 1.02 trillion dollars per year. Trillion. With a ‘T’.
There is a lot more filler and content for this at:
Defensive Gun Uses Save the U.S. One Trillion Dollars Per Year | The Truth About Guns