Total yearly welfare spending in the usa is $700 billion [1]. This includes federal, state, and local spending. This is being spent on around 50 million people [2] (that's 1/6th of the population). So $14K/person. To get $200K/person you'd need there to be only 3 million poor people in the usa (1%) which is way to low.
This sounds like maybe 50% overhead, not 500% overhead.
I'd be really interested to hear what the Less Wrong community thinks of this. Don't spoil it by reading the comments first.
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