DrewsBag
DrewsBag t1_j2duydg wrote
Reply to comment by ChickenEnthusiast in ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast
Don’t listen to the commies on here. Yes, we do. The billionaires wealth is tied up in stock ownership. Usually, when their wealth goes up, it’s because the general stock market is gaining value. Those is us who have our retirements tied up in the same stock market, want the stock value to go up. Also, a growing market also indicates a good economy, which pushes wages and work opportunities. The bullshit about ‘fair share of taxes’ is a red herring.
DrewsBag t1_ixos6ps wrote
Reply to comment by Bubbagumpredditor in UK study suggests single dose of monkeypox vaccine is 78% effective by tonymmorley
It’s what happens when transmission requires human to human contact, not airborne.
DrewsBag t1_ixcsn5n wrote
Reply to comment by pete1901 in Is the future of carbon-capture technology electrochemistry? | Colorado Arts and Sciences Magazine | University of Colorado Boulder by ProFoxxxx
In scenarios where you are taking CO2 from flue gas, rather than atmospheric concentrations, it takes somewhere around 30% of the energy generated. Here is the fun part though, if you can capture waste heat from the combustion process to power the ccs equipment, it’s a really good deal.
DrewsBag t1_j2ezpn1 wrote
Reply to comment by KoastPhire in ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast
The red herring is the % that billionaires pay in taxes. As almost all of their wealth is held in stock, it’s not income. It can all go away tomorrow because it isn’t real until someone gives you cold hard cash for it. They still pay capital gains taxes on what they sell, sales tax on what they buy, and property taxes on their possessions. The us tax system is progressive and the wealthy already pay the vast majority of taxes.