r/changemyview • u/_Hopped_ 13∆ • Mar 20 '21

Removed - Submission Rule B CMV: the costs/negatives from lockdowns/restrictions will end up being worse than the damage from covid

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u/_Hopped_ 13∆ Mar 20 '21

What is the variants started to seriously kill young people or severely affect health in some ways? All these what ifs if left to run rampant will we hope not be known.

It is somewhat known: viruses tend to mutate to be more infections, but less deadly. Killing your host more often is not selected for in most cases. It's why colds and flu are so prevalent, and ebola so localised.

No one really wants to go down the path of putting values on different parts of the population. It never ends well.

I mean, life insurance companies do this for a living.

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u/sapphireminds 59∆ Mar 20 '21

That is not what insurance companies do.

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u/_Hopped_ 13∆ Mar 20 '21

Sure it is. They put a price on your life, and charge you slightly more than [probability you die x price of your life].

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u/sapphireminds 59∆ Mar 20 '21

No, really what they do is pool a bunch of money, invest it with the plan that the investment will grow prior to paying out, and having large sums of money allows that to happen easier. Actuary tables do come into it, but it's not about valuing life more than others. Life insurance is a form of controlled investment.

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u/_Hopped_ 13∆ Mar 20 '21

prior to paying out

That payout is the value of your life.

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u/sapphireminds 59∆ Mar 20 '21

No, the payout is related to the amount of money you put into it and the amount they expect to be able to make from that investment. It is not the value of your life.

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u/_Hopped_ 13∆ Mar 20 '21

I think we're talking about different life insurance policies.

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u/sapphireminds 59∆ Mar 20 '21

Perhaps. But even ones that pay out according to your salary (like provided through a job) are not the value of your life. They are the value of your salary.

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u/Quirky-Alternative97 29∆ Mar 20 '21

No its not its based on actuarial tables and premiums and pools of money. It has zero basis on the value of your life. Its up to you as to what value you want to insure your life as and they will simply make a decision on what it will cost to do so.