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I've seen it bandied about in various media outlets and such that it would cost about $700 billion for the U.S. to buy Greenland.
Poppycock, I say!
Greenland's land area is about 500 million acres. The cheapest land in the U.S. is about $200/acre (in New Mexico). Greenland is much more isolated, barren, inhospitable, and sparsely populated than the land in NM. I figure $100/acre is a more than fair price. That brings us to...500 million acres * $100/acre = $50 billion.
Denmark's government debt is about $35 billion. We give them the money to pay it all off in one fell swoop.
Denmark subsidizes Greenland to the tune of $600 million/year. We take that over => their budget benefits.
The aforementioned subsidy amounts to about...$600 million/year for 57,000 Greenlanders = $10,000 per capita. Let's double it to $20,000/capita. That translates to about $1.1 billion/year/capita. Easy, peasy. Ending Somali fraud in Minnesota, all by itself, covers that.
Summary:
Total upfront purchase cost: $85 billion, or just 12% of that aforementioned ridiculous $700 billion number.
Ongoing fixed expense: $1.1 billion/year, adjusted for inflation.
That's it.
IMPORTANT CONDITION: Denmark and Greenland get busy with whatever legislative work is necessary to complete the process by the end of this, our republic's 250th anniversary year. By Labor Day would be nice.
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Discussion (23)
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Americans have become so used to the $ billions/trillions thrown around by our government that they have no sense of perspective. How would the defense contractors, politicians, enemy agents, drug cartels, social services, healthcare companies, and the rest hope to make money on a deal like this?
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Each year, on the anniversary of the Big Beautiful Greenland Deal, we do a Nuuk flyover and drop $1 billion's worth of $100 bills on it. Let all those people scramble and fight over it.
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Whatever Denmark gets, the EU will bully them into sinking it into project Ukraine.
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Two problems - 1) It's not for sale, so you have a willing buyer but an unwilling seller, so that means the price will be higher than its fair market price. 2) There are a lot of minerals under the surface, so we will have to pay more than we would for barren surface land.
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Greenland is not for sale. We get everything that we need from a security perspective from our relationship with Denmark, a great NATO ally. This whole attempt to take Greenland is absolute nonsense.
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