Ken, your comment may have been tongue in cheek, but it was 100% correct. You CAN just use a strong magnet, but it's very hard to get a complete and clean degauss and you always miss spots.
I used to work for a government organization that will remain nameless. Because of security concerns, ALL tapes were required to be degaussed when a certain date had been reached, when it was to be reused, or when a tape was being decomissioned. With a degaussing machine, you can clean a tape in just several seconds without having to mount it, issue commands, and dismount it. That's several seconds verses several minutes. It's well worth it when you have a couple hundred tapes to erase and they MUST be clean.
Plus, if you're really the paranoid type, there are certain TLAs (Three Letter Agencies) that supposedly can read data that's been overwritten with rubbish, or new data. Since different tape drives' write heads line up differently, they can sometimes pick up an earlier write along the edges of the recording path.
So, it all gets back to WHY you need to erase the tapes and how critical it is to not be able to read the old data. Also how many to you need to clean. It's a business decision. Cost/Benefit at it's finest.
Hope this helps.