I was wondering this when I debated war with my brother who said, that at least war and tax money going to the us army is not wasted, since war is profitable.
But how is war profitable? The Iraq war cost 5 trillion dollars, which is more money than exists in the entire world. And the US military has an annual budget of 500 Billion, which is about switzerlands GPD.
So how can you possibly recuperate that much money? Because that is more money than oil could possibly be worth.
So how does the US military make its money back?
In: Economics
There are a lot of good answers on here, but I just want to add another factor for consideration:
Being at war is profitable for the people who build guns, and who train soldiers. These people (such as defense contractors) are able to use their money and power to lobby/bribe the government. Therefore it’s in the best interest of the politicians to sell the idea that war is profitable to people like your brother, so that he’ll agree to keep paying his tax dollars into the war effort, which makes the war profiteers happy, which makes the politicians happy.
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