
Abstract: What is the maximum cost to achieve any policy change through legal democratic channels? We estimate \$25 billion for the United States and \$200 billion globally. These figures represent the upper bound of matching all opposition spending (campaign finance, lobbying) and providing career alternatives for affected legislators. For high net-societal-value policies, even these maximum costs yield extraordinary returns: military-to-health reallocation achieves ROI exceeding 400,000:1, carbon pricing exceeds 1,000:1, and occupational licensing reform exceeds 2,000:1. The "political impossibility" objection thus reduces to a capital allocation problem. Political change is not impossible; it is merely expensive, and for valuable reforms, the price is trivial relative to the benefits. Summary: What's the maximum cost to achieve any policy change through legal democratic channels? \$25B for the US, \$200B globally. For high-value reforms like military-to-health reallocation, this yields ROI exceeding 400,000:1.
Category: Academic Paper, Political Economy, Mechanism Design, Public Policy | Genre: Political Science, Economics, Public Choice, Public Policy | Target Audience: Researchers, Policy Makers, Political Scientists, Economists, Political Reform Advocates
democracy, political-economy, campaign-finance, lobbying, public-choice, political-reform, cost-benefit-analysis, mechanism-design, political-feasibility
democracy, political-economy, campaign-finance, lobbying, public-choice, political-reform, cost-benefit-analysis, mechanism-design, political-feasibility
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 0 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Average | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Average |
