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December 4th, 2012
08:54 PM ET
OutTake: The annual cost of Santa's Christmas operation
Tonight's OutTake: the "true" cost of Santa's Christmas operation.
It's an interesting question – how much would North Pole toy production and distribution really add up to each year? Well, the U.S. accounting firm ParenteBeard ran the hypothetical numbers and came up with around $42.3 billion.
The largest cost was gift production, of course, but elf salaries, health benefits, utilities, and reindeer maintenance also factored into the total. How accurate are these numbers? OutFront tonight is Reihan Salam, writer for the National Review, with his take on the result.
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Truth be told, we can afford a hundred Santas for every George Bailey left in America.
I don't think a defined benefit plan is gonna work with an average length of employment of 190 years.
And Santa needs other streams of revenue, whether that means more mall appearances or that licensing deal w. Roc-A-Wear for that red baggy sweatsuit w. the white fur trim.