▲ 46 ▼ The Pedo Catholic Church Sex Victims to get 800 million (www.reuters.com) submitted 5 months ago by Lemmynated@lemmy.zip to c/world 8 comments fedilink hide all child comments
[–] youcantreadthis 4 points 5 months ago (4 children) What's that per victim like 5$? permalink fedilink source parent hideshow 4 child comments replies: [–] veekz@infosec.pub 2 points 5 months ago* (last edited 5 months ago) (3 children) $615,384.62, but likely low all things considered. The Catholic Church is worth >= $73 billion USD, so this payout was (rounding up) 1.1% of total wealth. On the road now but I’ll add some more to this comment later today. Edit: Some edits to the above. Didn’t really account for lawyer fees, so subtracting 33% (low end estimate) I’d get $430,769.23. Still a pretty substantial payout, but them lawyers do be taking a sizable chunk. Kinda hard to gauge the economic cost of sexual assault, but from some US workplace stats in 2024 it looks like: average loss per workplace injury: $1,120 average loss per medically consulted injury: $48,000 average loss per death: $1,540,000 Note that deaths include lost future wages too, over a much larger timeframe than non-fatal injuries. So adolescent sexual assault slots in between medical injuries and deaths, but roughly 9 times as financially devastating as a physical injury. Also somewhat crazy that the original ask by the claimants was $2B, which would have been 70% of a death’s payout per victim. permalink fedilink source parent hideshow 3 child comments replies: [–] SaveTheTuaHawk@lemmy.ca 1 point 5 months ago (1 child) 1.1% is nothing, slightly more than the taxes they don't pay. permalink fedilink source parent hideshow 1 child comment replies: [–] veekz@infosec.pub 1 point 5 months ago For the entire Catholic Church yes, but sounds like this could bankrupt the NY region if more than $800M was awarded. All lawyer speak to likely try and resist higher award totals… permalink fedilink source parent [–] youcantreadthis 1 point 5 months ago Known assets not counting secret assets priceless art etc permalink fedilink source parent
[–] veekz@infosec.pub 2 points 5 months ago* (last edited 5 months ago) (3 children) $615,384.62, but likely low all things considered. The Catholic Church is worth >= $73 billion USD, so this payout was (rounding up) 1.1% of total wealth. On the road now but I’ll add some more to this comment later today. Edit: Some edits to the above. Didn’t really account for lawyer fees, so subtracting 33% (low end estimate) I’d get $430,769.23. Still a pretty substantial payout, but them lawyers do be taking a sizable chunk. Kinda hard to gauge the economic cost of sexual assault, but from some US workplace stats in 2024 it looks like: average loss per workplace injury: $1,120 average loss per medically consulted injury: $48,000 average loss per death: $1,540,000 Note that deaths include lost future wages too, over a much larger timeframe than non-fatal injuries. So adolescent sexual assault slots in between medical injuries and deaths, but roughly 9 times as financially devastating as a physical injury. Also somewhat crazy that the original ask by the claimants was $2B, which would have been 70% of a death’s payout per victim. permalink fedilink source parent hideshow 3 child comments replies: [–] SaveTheTuaHawk@lemmy.ca 1 point 5 months ago (1 child) 1.1% is nothing, slightly more than the taxes they don't pay. permalink fedilink source parent hideshow 1 child comment replies: [–] veekz@infosec.pub 1 point 5 months ago For the entire Catholic Church yes, but sounds like this could bankrupt the NY region if more than $800M was awarded. All lawyer speak to likely try and resist higher award totals… permalink fedilink source parent [–] youcantreadthis 1 point 5 months ago Known assets not counting secret assets priceless art etc permalink fedilink source parent
[–] SaveTheTuaHawk@lemmy.ca 1 point 5 months ago (1 child) 1.1% is nothing, slightly more than the taxes they don't pay. permalink fedilink source parent hideshow 1 child comment replies: [–] veekz@infosec.pub 1 point 5 months ago For the entire Catholic Church yes, but sounds like this could bankrupt the NY region if more than $800M was awarded. All lawyer speak to likely try and resist higher award totals… permalink fedilink source parent
[–] veekz@infosec.pub 1 point 5 months ago For the entire Catholic Church yes, but sounds like this could bankrupt the NY region if more than $800M was awarded. All lawyer speak to likely try and resist higher award totals… permalink fedilink source parent
[–] youcantreadthis 1 point 5 months ago Known assets not counting secret assets priceless art etc permalink fedilink source parent