To complete your argument, ‘and therefore the action has some deadweight loss associated with it, meaning its destroying value’.
But note that by the same logic, any economic activity destroys value, since you are also not homo economicus when you buy ice cream, and there will likely be smarter things you can do with your money, or better deals. Therefore buying ice cream, or doing anything else destroys value.
But that is absurd, and we clearly don’t have a so broad definition of “destroy value”. So your argument proves too much.
You might not value the destruction as much as others valued the thing you destroyed. In other words, you’re assuming homo economicus, I’m not.
To complete your argument, ‘and therefore the action has some deadweight loss associated with it, meaning its destroying value’.
But note that by the same logic, any economic activity destroys value, since you are also not homo economicus when you buy ice cream, and there will likely be smarter things you can do with your money, or better deals. Therefore buying ice cream, or doing anything else destroys value.
But that is absurd, and we clearly don’t have a so broad definition of “destroy value”. So your argument proves too much.