Originally posted by Kidicious
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Originally posted by Jon Miller View PostWhat you don't understand is that the 6% or 8% return on investment isn't given. That depends on world growth and events. With a climate catastrophe, the best return is likely to be very very negative (even worse than the Great Depression and for a continuing duration). Even without a catastrophe, there are solid arguments to be made the the post war (1946 to now) years have been highly abnormal and we are returning to normality where 2% should be usual instead of 6% pr 8%.
JM
We don't know what economic growth will be in the future. You are only speculating. We only know what we can get today. And we can typically get 8%. And for those that have to pay for this that don't invest in stocks it will cost whatever they would consume which is MORE valuable than stocks.
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Originally posted by Kidicious View PostWhat you guys don't understand is that taxpayers have to pay for this. I was being conservative with 6%. You can make 8% in financial markets. But people aren't just going to not invest in financial markets. They want to do other things like use it for consumption. In that case it's over 8%.
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Originally posted by Kidicious View PostIt's very simple. If we have $90b we can invest that money (private sector is best) and have $100t in 81 years if make 6%.
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He’s still applying cost of capital and inflation on the cost of addressing climate change, but not on the cost of not addressing climate change. Any damage that happens along the way is compounding as well. It’s not like everything is fine and dandy until we hit 2100.
And the damage continues to accrue and worsen for centuries or millenia (or until there’s nothing left to damage)
And of course his own source states it’s only considering a fraction of the total costs.
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What you don't understand is that the 6% or 8% return on investment isn't given. That depends on world growth and events. With a climate catastrophe, the best return is likely to be very very negative (even worse than the Great Depression and for a continuing duration). Even without a catastrophe, there are solid arguments to be made the the post war (1946 to now) years have been highly abnormal and we are returning to normality where 2% should be usual instead of 6% pr 8%.
JM
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What you guys don't understand is that taxpayers have to pay for this. I was being conservative with 6%. You can make 8% in financial markets. But people aren't just going to not invest in financial markets. They want to do other things like use it for consumption. In that case it's over 8%.
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It's very simple. If we have $90b we can invest that money (private sector is best) and have $100t in 81 years if make 6%.
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Originally posted by giblets View Post
It's ludicrous to assume the value of labor increases at a rate of 6% a year when total factor productivity in the USA has grown by less than 1% a year on average since 1970.
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Originally posted by Kidicious View Post
Labor has a different value in the future you stupid socialist.
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Originally posted by Aeson View Post
It’s worse when you read his article and find out he’s pricing the suffering of millions and deaths of hundreds of thousands of Americans and altogether ignoring the suffering of hundreds of millions and deaths of tens of millions around the world. And that is only a fraction of the effects in a relatively short timeframe.
I mean, I can understand a denier being unconcerned with it, as they just don’t understand the problem. But Kid takes Climate Change to a whole new level of genocidal accounting.
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Originally posted by giblets View Post
The sh!t believers in capitalist ideology say...
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