So yesterday I asked two questions about risk tolerance, but also about perspective. Today I have two more.
The place you live requires you to donate to their communal defense fund, which is used to protect you against foreign aggression. However, you also know that despite it being marked for defense, a lot of the funds are actually used for offense in other countries instead of threats against your actual country. The cost of this to you is about $2500 a year. What’s more, you know that in addition to lives lost in military combat, your money is also funding the deaths of some 16,000 civilians a year. Would that change how you view the money you spend on defense? Would that affect how much, or how, you would want to your money to be spent?
