50 years of failed eco predictions

[Into the Night]

But you got none of it, I got none of it, most people got none of it.

I got quite a bit of of it. I started my instrumentation company back then. I've been creating wealth since.

So wealth was created, but not for everyone.

The only things stopping you from creating wealth is the government and you.

 

[Into the Night]

No they aren't cheaper to make..

Cars are a LOT cheaper to make than when they were first made. Computers are a LOT cheaper to make than those old mainframes too. Currently, memory, particularly electro-mechanical (discs) is VERY cheap.

they might be cheaper to buy, but only if consumers have no demand for it.

If an product is cheaper, more consumers will buy it. See Walmart for details.

Otherwise, if there is demand for it, the price will never decline...it will only go up.

Nope. Incentive increases to increase production and to make the product even cheaper to produce. I guess you don't get the idea of competition, do you? You are operating under some weird model of a closed economic system.

And demand comes from wages, not from supply.

It comes from both. Increased economic activity means wages (more jobs) and more opportunities to start your own business.

This is your free Macroeconomics lesson for the day...any other lessons will require a fee.

You are clueless. Government is not economics.

 

[Into the Night]

It's truly insane how the IPCC allows government apparatchiks and politicians to change the reports. Do you need any further proof that the IPCC is first and foremost a political animal then here it is.



https://www.nsstc.uah.edu/climate/2021/july2021/202107_Bar.png

https://www.nsstc.uah.edu/climate/

https://notalotofpeopleknowthat.wor...port-will-highlight-stark-reality-of-warming/

You do understand a lot about the Church of Global Warming, but there is one weakness in your argument.

It is not possible to measure the temperature of the Earth. We don't know if it's warming, cooling, or just staying the same.

 

[Into the Night]

It's not good for anyone to have deflation...deflation is worse than inflation and much, much worse than stagflation.

So you LIKE paying more for your computers than before, do you? You think you should pay half a million for one, like the old mainframes, eh?

Deflation caused by productivity is GOOD. Personal computers are so cheap now almost every home has several of them. You can get a computer now for as little as $40. Just plug in your screen and keyboard and have fun!

 

[Into the Night]

Not when that wealth created is hoarded by a few people.

It's not being hoarded.

 

[Into the Night]

When has it worked?

RQAA

 

[cancel2 2022]

You do understand a lot about the Church of Global Warming, but there is one weakness in your argument.

It is not possible to measure the temperature of the Earth. We don't know if it's warming, cooling, or just staying the same.

We've been through this many times.

 

[Into the Night]

No they do not.

So the car industry was never created, eh? You still ride a horse to work? Oh, that's right...you seem to not want to work!
So the personal computer industry was never created, eh? WTF are YOU typing on?

 

[LV426]

They don't hoard it. They put it into their businesses to improve their businesses. This allows them, among other things, to hire more people. That's wages, dude.

They do not put it into their businesses to improve their business, and we have the last 3 years of a corporate tax cut that shows business investment DECLINED when taxes were cut:

A Decline in Capital Investment Reveals the False Promise of Drumpf’s Tax Bill
https://www.newyorker.com/news/our-...-reveals-the-false-promise-of-trumps-tax-bill

Drumpf handed big business a massive tax cut, and all he got in return was embarrassment
https://www.businessinsider.com/trump-gop-tax-cuts-economic-gdp-business-investment-failure-2020-1

The Effect of the 2017 Tax Reform on Investment
The average quarterly growth rate of business investment was 2.8 percent in 2018–2019, lower than the rates in 2016–2017 (4.0 percent), 2013–2017 (3.9 percent), or 2010–2017 (5.5 percent).
https://www.clevelandfed.org/en/new...ect-of-the-2017-tax-reform-on-investment.aspx

So your theory is disproved by the last 3 years of empirical economic data.

 

[Stringfellow Hawk]

Oil and oil products do not come from fossils. Fossils don't burn.

Yeah, I know. The idiot school you went to taught that oil comes from dinosaurs. It's wrong. Oil is actually a renewable energy source. The Germans and the Russians showed why.

During WW2, the world was putting to the screws to Germany to try to shut down it's war machine, including blocking the import of oil, needed to make fuel for their tanks and other military equipment. So the Germans took their chemical industry (the best in the world at the time) and had a go at making their own oil synthetically. They succeeded. It's called the Fischer-Tropsche process. All you do is take hydrogen, carbon dioxide or carbon monoxide, put it under heat and pressure in the presence of an iron catalyst. Out comes light sweet crude, and methane...hydrocarbons.

These are exactly the conditions found underground. The Earth is a giant Fischer-Tropsche reactor. If you drill deep enough, you WILL find oil. Oil comes closest to the surface at tectonic plate edges, particular where spreading or shearing action is taking place: The Mideast; the north slopes of Alaska; the North Sea; the Caribbean and all the way up into Texas and Pennsylvania; off the shores of California and down into Baja. All of these are on plate edges where shearing or spreading action is taking place.

The Russians once drilled a hole right through the Antarctic ice sheet. They developed the technology to drill a hole deeper than anyone had ever done before. They used that technology to drill in the middle of Siberia, away from any plate edge. Sure enough, they found oil.

Methane is also typically found along with the oil. Methane can also come from bacteria or the action of sunlight on an atmosphere containing hydrogen and carbon dioxide. It's pretty easy to make. Just shove energy into making this chemical bond, and you can release it as fuel.

This explains why, for example, that you can pump a Texas oil well dry, cap it, and it's full again after a bit of time has past. It is NOT seeping in from other wells, they were also pumped dry.

The Earth is continuously making oil. There is enough and to spare. The ONLY thing making oil products expensive is government regulations and taxes.

Over 6,000 items are made from petroleum waste by-products, including: fertilizer, flooring (floor covering), perfume, insecticide, petroleum jelly, soap, vitamins and some essential amino acids.

https://en.wikipedia.org/wiki/Petroleum_product

Now go fuck yourself, damn you are worse than than the two idiots on ignore

 

[LV426]

Taxes are theft of wealth. Reducing theft of wealth means better economic activity.

Taxes are not theft, and it's juvenile to think they are.

Grow up.

And lower taxes doesn't lead to increased economic activity, and we know that because we just fucking lived through it. One year after the Russia Tax Cut, manufacturing entered into a recession:

U.S. manufacturing was in a mild recession during 2019, a sore spot for the economy
https://www.washingtonpost.com/busi...mild-recession-during-2019-sore-spot-economy/

And the rest of the economy followed a year later, before any COVID lockdowns started:

It's official: Recession began in February, ending longest U.S. expansion ever
https://www.cbsnews.com/news/united-states-recession-started-february/

And the tax cut didn't even create more jobs, like you pretended it would:

Obama’s Last Three Years Of Job Growth All Beat Trump’s Best Year
https://www.forbes.com/sites/chuckj...th-all-beat-trumps-best-year/?sh=574408ff6ba6

 

[Into the Night]

They do not put it into their businesses to improve their business,

Yes they do. There is no reason to hoard cash. It works against you, due to inflation.

and we have the last 3 years of a corporate tax cut that shows business investment DECLINED when taxes were cut:

WRONG. Taxes were cut across the board, not just corporate taxes. Business boomed. So did economic activity. It all ended when DEMOCRATS shut down the economy by shuttering businesses due to the Church of Covid.

 

[LV426]

B Deficits are caused by the government borrowing too much

Wrong.

Deficits are caused when revenue doesn't exceed spending, and the only reason it does that is because revenue is depressed by tax cuts.

Near the end of Clinton's term, he achieved budget surpluses, proving that you can raise taxes, eliminate the deficit, increase spending (which grew 33% over Clinton's 8 years), and grow your economy.

Bush said "surpluses mean we're being overtaxed", and then passed his Bush Tax Cuts which took a $236B budget surplus in 2000 and turned it into a $157B deficit by 2002.

That was all thanks to the tax cuts.

 

[LV426]

The government spends too much.

On what? What spending would you cut? Be specific.

Because if you completely cut all discretionary spending from the budget, you're still running a trillion dollar deficit, dipshit.

And more importantly, government spending is a major component of our economy. So if you reduce government spending by $1T, that's 4% of GDP you reduced that you didn't make up for.

Every amount of spending you cut needs to be made up somewhere else, otherwise you contract your economy.

And what does contracting your economy mean? A recession.

Spending cuts are a sure fire way to speed up a recession.

 

[Monad Portal]

Wrong.

Deficits are caused when revenue doesn't exceed spending, and the only reason it does that is because revenue is depressed by tax cuts.

Near the end of Clinton's term, he achieved budget surpluses, proving that you can raise taxes, eliminate the deficit, increase spending (which grew 33% over Clinton's 8 years), and grow your economy.

Bush said "surpluses mean we're being overtaxed", and then passed his Bush Tax Cuts which took a $236B budget surplus in 2000 and turned it into a $157B deficit by 2002.

That was all thanks to the tax cuts.

spending is part of the equation, idiot.

 

[Monad Portal]

On what? What spending would you cut? Be specific.

Because if you completely cut all discretionary spending from the budget, you're still running a trillion dollar deficit, dipshit.

black military budget.

 

[Into the Night]

Over 6,000 items are made from petroleum waste by-products, including: fertilizer, flooring (floor covering), perfume, insecticide, petroleum jelly, soap, vitamins and some essential amino acids.

Yup. Oil products are everywhere, especially plastics. Fertilizer, however, are nitrates, and do not come from oil products. See the Haber-Bosche and related processes.

https://en.wikipedia.org/wiki/Petroleum_product

Wikipedia is not a valid source of anything. You can't use it as a reference with me.

Now go fuck yourself, damn you are worse than than the two idiots on ignore

??? You actually believe that fossils burn???

Go try it sometime. Get a fossil and try to burn it!
Oil is not a fossil. It's a liquid. Methane is not a fossil. It's a gas.

 

[LV426]

The government spends too much. That is the cause of ALL of it's problems, fiscally.

Nope...the problems come from revenue declines via tax cuts.

Because we achieved a budget surplus before without cutting spending.

 

[LV426]

Tax cuts do not create deficits

Yes they do.

Bush cut taxes in 2001 and that turned a $236B surplus into a $157B deficit by 2002.

Communism is unconstitutional.

Well, good thing no one here is calling for Communism, then. So you don't need to wad your panties all up into a bunch about something completely and totally imaginary.

 

[LV426]

Tax cuts ARE conventional legislation.

Here's what your buddy Lee Atwater had to say about tax cuts:

You start out in 1954 by saying, “N*gger, n*gger, n*gger.” By 1968 you can’t say “n*gger”—that hurts you, backfires. So you say stuff like, uh, forced busing, states’ rights, and all that stuff, and you’re getting so abstract. Now, you’re talking about cutting taxes, and all these things you’re talking about are totally economic things and a byproduct of them is, blacks get hurt worse than whites.… “We want to cut this,” is much more abstract than even the busing thing, uh, and a hell of a lot more abstract than “N*gger, n*gger.”
https://www.thenation.com/article/a...rs-infamous-1981-interview-southern-strategy/