The following is a case of cost and benefit analysis for smoking from the lecture of Justice by Michael Sandel.
Cost: Increased health care costs
Benefits;
- Tax revenue from cigarette sales
- From early deaths
-> Health care savings
-> Pension savings
-> Savings in housing costs
Net gain if citizens smoke: $ 147 million
Savings from premature deaths due to smoking: $ 1,227 per person
Is the calculation right? In terms of utilitarinism , what is wrong?
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