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Getting Australia back to work

By Everald Compton - posted Monday, 20 April 2020


It will also ensure that there is no pollution in which a virus can form in the years ahead.

Motivation

In impressively restricting deaths to 100, the Federal Government alone has spent 230 billion dollars on health services and stimulus packages.

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This is 2.3 billon dollars per death, the most extraordinary health cost in world history.

If we correctly assert that, without action, 1000 would have certainly died, the cost would have been 230 million dollars per death.

10,000 deaths may have been a possibility. This would amount to 23 million dollars per deceased person.

This is not really a justifiable financial solution to a pandemic.

But the figures become far worse when we add the financial packages that State and Local Governments have spent.

Then, add the loss of revenue for business and workers and the figures reach staggering dimensions.

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On top of this is the horrendous social cost of all the related issues such as mental health, suicide, domestic violence, alcohol and drug abuse, collapse of small business and the humiliation of bankruptcy, all of which is almost beyond accurate costing.

However, I will endeavour to calculate how many jobs were saved by that expenditure as soon as data is available. Regrettably, it may not be many when we offset it against many thousands of casual jobs that were lost at the same time.

Finally, to put it into further perspective, we must remind ourselves that in the past 12 months there were 1154 fatalities on Australian roads, which is 12 times more than Covid19 deaths, yet we did little about it.

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About the Author

Everald Compton is Chairman of The Longevity Forum, a not for profit entity which is implementing The Blueprint for an Ageing Australia. He was a Founding Director of National Seniors Australia and served as its Chairman for 25 years. Subsequently , he was Chairman for three years of the Federal Government's Advisory Panel on Positive Ageing.

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