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Joined 1 year ago
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Cake day: June 14th, 2023

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  • Are you saying you disagree with the Biden’s Green Power expansion

    I disagree with his fossil fuel expansion. The green power plan is being promoted, first and foremost, by market dynamics as wind/solar drop below coal/oil and the demand for AI continuous power reignites nuclear.

    But our actual carbon emissions aren’t falling. We’re producing more carbon today than when Biden took office. And the demand for electricity means even more fossil fuel consumption into the future.




  • Biden was a good president.

    Counterpoint: No he wasn’t.

    He didn’t do everything I wanted

    He signed off on a handful of bills that reinflated a depressed economy one more time, while the quality of life in the US continued to decay. Then he threw vast fortunes away on Silicon Valley boondoggles and foreign military interventions, while climate change ravaged the interior of the country. Finally, he cemented a swath of Trump Era policy on immigration, Latin American foreign policy, abortion, and voting rights through a combination of continued reinforcement and inaction.

    And to top it all off, he insisted on running in a virtually uncontested primary, then fumbled the nomination to his woefully unprepared VP a few months before the election.

    One final point. If you look at states that have increased their reliance on revenue from fossil fuel extraction and you look at states that trended more conservative during the last eight years, you’ll find a troubling trend. O&G money has been powering the GOP since Reagan. But every subsequent Democrat in office has worked to make the industry more lucrative for businesses that conspire towards their ouster. Its been a recipe for defeat for a generation. Also, not terrible good for ecological conditions or foreign policy.


  • you being able to only get one internet service provider at that apartment, despite that being illegal now

    Your option is the Mediocre Internet everyone uses or the Shit Internet that exists pretty much exclusively to fulfill this requirement. Fuck Windstream, somehow managed to be worse than Comcast.




  • UnderpantsWeevil@lemmy.worldto196@lemmy.blahaj.zoneREMOVED
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    22 days ago

    multiplying $5,000 a day by so many years is a silly comparison

    Sure.

    it ignores the dominating factors to building wealth

    It ignores the existence of wealth by focusing on income. And it neglects where income comes from.

    Billionaires shouldn’t exist but also they don’t exist because they stuff X dollars under their mattress every day.

    Something of a joke about the modern billionaire is how much debt they’re carrying around. You don’t become a billionaire by having a high salary. You become a billionaire by getting access to enormous volumes of low interest credit, in order to monopolize a limited stock of productive capital. It isn’t like being an employee with a sky-high salary so much as it is a member of an elite club with access to amenities nobody else is allowed to use.


  • UnderpantsWeevil@lemmy.worldto196@lemmy.blahaj.zoneREMOVED
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    23 days ago

    Gradually inflating the currency

    Gradual inflation that happens under the national growth rate is fine. You need more currency moving at a faster rate in an expanding economy.

    Gradual inflation in a contracting national growth rate is a huge problem.

    Thomas Picketty lays this all out mathematically in “Capitalism in the 21st Century”, and builds a strong economic case for a high graduated tax rate as a means of tying inflation back to real economic growth.



  • UnderpantsWeevil@lemmy.worldto196@lemmy.blahaj.zoneREMOVED
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    23 days ago

    Nevermind dollars. What about inflation? $5000/day in 1900 would be worth $187,000 today. That’s $68M/year.

    You’d need, what? 15 years to get a billion at that rate. You’d also be accusing money faster than Rockefeller.

    I have to wonder where all that wealth would even be coming from.