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nonexistence is bad
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by virtue of the opportunity costs that are involved.
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Famously, W.C. Fields on his tombstone says,
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"Personally, I'd rather be in Philadelphia."
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What's bad about being dead is you don't get to
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experience and enjoy any longer the various good things
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that life would offer us.
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So nonexistence does point to the key aspect about death.
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Why is death bad?
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Because when I'm dead I don't exist.
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But if we ask,
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why is and how can it be