Disagreeing with "overstating" part. You pls have a look into the success of all authoritarian regimes across globe for at least 100 years or so. Majority supported them through most of their tenure, even though they suffered alot. Feeling of "Others" suffering more, might enable them for this.

Have another theory. The majority of human beings are inherently submissive. The more affection to the most aggressor.

These are notional losses. Notional losses are not actual until they file for bankruptcy. We should rather focus on the actual loss of state exchequer through banks and other means.