In the "Debunking the claim that it’s “just the economy”" section of the original post [0], the author is arguing that "economic damage leads to lives lost". But the kind of economic damage this causes doesn't have to. The reason it does is a result of the policy decisions our governments make.
The author references a study from LSE [1a], saying:
> Their analysis focuses on the UK, but they conclude that maintaining lockdown in the UK beyond June 1 will lead to a net reduction in wellbeing-years.
The referenced paper weighs up the benefits of lifting the lockdown at a particular point in time vs the costs of extending it. They do this using a metric called wellbeing-years. They list the possible positive and negative outcomes of lifting the lockdown then convert these into wellbeing-years. These are used to calculate the total value of lifting the lockdown at the start of May, June, July and September. They summarise these findings in Table 4 of the paper [1b]. It shows that there will be negative total value to maintaining the lockdown beyond 1st June, as the original post says.
Table 4 suggests the highest cost of lockdown is reduced incomes and the reduction in wellbeing it brings [1b]. But surely the UK government could increase their income support so that there is no loss in wellbeing? This would change the balance of the cost-benefit analysis considerably (and maybe saving lives is worth the money).
So how much would this cost then? In Appendix 2 [1c], they calculate that £750,000 of lost income is worth 7.5 wellbeing-years (one year of a persons life at the average wellbeing of 7.5/10). This implies that a single wellbeing-year is worth £100,000 of lost income. Looking at Table 4, lifting the lockdown in September instead of May would cause reductions in income equivalent to (48+66+86+103)10,000 = 303,000 wellbeing-years. That represents £100,000 303,000 = £30.3 billion in lost income we'd need to make up.
Luckily, the 6 wealthiest people in the UK are worth a combined £39.4 billion [2]. Repatriating that wealth and distributing it as income relief would completely remove the negative impact of lost income. Doing so would tip the balance in favour of extending lockdown to 1st September. This is important because lifting the lockdown in September rather than May would result in 145,000 fewer COVID-19 deaths [1d].
Using that papers analysis to justify ending the UKs lockdown early is akin to saying: I value preserving the private wealth of 6 people over the lives of 145,000 others.
[0]: https://www.ryankemper.io/post/2020-04-29-the_case_for_endin...
[1a]: http://cep.lse.ac.uk/pubs/download/occasional/op049.pdf
[1b]: Results, Table 4, http://cep.lse.ac.uk/pubs/download/occasional/op049.pdf#page...
[1c]: Appendix 2, "The monetary value of Life-Years", http://cep.lse.ac.uk/pubs/download/occasional/op049.pdf#page...
[1d]: Section 3.6, "COVID-19 Deaths", http://cep.lse.ac.uk/pubs/download/occasional/op049.pdf#page...
[2]: https://www.theguardian.com/news/2019/dec/03/uk-six-richest-...: https://www.theguardian.com/news/2019/dec/03/uk-six-richest-...