True, but reductio ad absurdum is a good way to make any argument look silly without actually considering nuance. Of course, there's some limit to what society will do to save an individual. If someone is lost at sea, we'll try to save them, but we won't spend $1T rerouting all of our available naval capabilities to do it. How much should we spend? The math isn't clear, and thus the economics aren't clear. But, where we should fall is somewhere on a gradient between "Every man for himself" and "Save every individual at all costs."
The question is, where do we fall on that gradient?
The question is, where do we fall on that gradient?