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Comment Re:If you think renewables are expensive... (Score 1) 473

If we invest poorly, as Obama will have us do with his "Drill, baby! Drill!" energy plan... ...well, if we actually follow through with that, we're well and truly fucked.

Politicians are bound to make stupid decisions by only considering the here and now. Why? Because if they make wise decisions for long-term benefit, voters are going to be pissed because of the short-term inconveniences. Voters are dumb, selfish and can only see the drawbacks they are suffering right now. They lack the insight to see beyond the here and now, and fail to consider long-term consequences. As a result they will get a negative opinion about the politician and punish him in the next election. So what will politicians do? They will try to please the voters, because the system was simply designed to have the majority get what they want. Even if what they want will have very bad consequences later.

Comment Re:Squeezed for cash? (Score 1) 316

Not all money spent will 'create' jobs. What if the guy starts buying lots of land and hoards it? He can't profit from it (because of the income/profit cap) but he can start collecting it just in case he might need it later (converting it back to money if his fortune has dropped). All that land will be unavailable for others and the price for land in general will go up. Not a good thing for society.

Comment Re:Squeezed for cash? (Score 2) 316

Interesting. Someone who has hit the wealth ceiling would have to spend his money in order to get more. But then, isn't what he buys with that money also counted as wealth? I see the following difficulties here: one would have to keep track of ALL possessions in order to see when someone has hit the ceiling or not, sounds like a lot of bookkeeping and much room for abuse (wealthy people trying to hide their possessions). And the ones most affected by this scheme would do everything in their power to prevent it from ever being put into use.

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Doubt isn't the opposite of faith; it is an element of faith. - Paul Tillich, German theologian and historian

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