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Joined 3 years ago
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Cake day: June 14th, 2023

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  • Most of the current plans for wealth taxes start in the region of $5-$50 million, taxing wealth above that bracket (like other progressive taxes). Do you expect to save $5 million, let alone $50 million? If not, you won’t pay any wealth tax.

    Many plans also exclude your ‘family house’ from that, so you could have a $3m house and $4m in the bank and still pay no wealth tax - you’re rich, but not filthy rich.

    Most of the seriously proposed tax rates are also in the 1-3% range, maybe 5% on the very high end. Again, of wealth above that threshold.

    There is also some argument about hoarding that $200k (again, more like $20m) you saved rather than using it. If you spend it eating out, drinking, getting your house renovated, flying somewhere - then you end up paying tax and spending money and there’s some trickle down. If it sits in a bank account or in stocks or real estate, less so.






  • Cost-to-benefit analysis, sure. But you still need a realistic comparison of the costs side of the equation to do that.

    People were whining about the energy costs of regular data centers long before AI came along.

    That invites a lot of questions like is it lower carbon to have a zoom call than fly out for a meeting? Do the travel emissions of an imported tomato offset the heating emissions for a local out-of-season hothouse tomato? If I’m going to make one personal sacrifice, is it more effective to give up red meat, bike to work, or make my next holiday less far away?

    Intentionally ignoring evidence is just dumb; decisions made purely on vibes are often going to be wrong.




  • Anaerobic bacteria produce methane. When oxygen is present, the aerobic pathway outcompetes anaerobic because more energy is available, producing CO2 instead.

    GHG are usually measured in tonnes of CO2 equivalent (GWP) where methane is about 80x as much warming as the same mass of CO2 over a 20 year period, or about 25x as much warming over a 100 year period.

    This is also what’s going on in the steady replacement of various refrigerants with lower-GWP alternatives.