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Comment Re:Doomed to fail... (Score 1) 99

Nuclear submarine reactors work great and they are not particularly expensive. However, they run on weapons-grade enriched uranium. Apart from the obvious security implications, enriching uranium to that level is very energy intensive and therefore expensive.

That is why submarine reactors aren't dominating the energy market.

There is considerable interest in running submarines on low enriched uranium. Some say that the Rolls Royce SMR project is mostly a civilian front for that military effort.

Comment Re:Simplifying assumptions (Score 1) 182

He's content to be the dictator of a has-been nation.

Russia has always been a has-been nation. I don't get why, but any form of modernization has always passed them by over the last thousand years.

This has been true whether any particular ruler encouraged modernization or resisted it.

It is bewildering.

Comment Re: Cell service seems to be working well (Score 1) 128

Normal people pay taxes on their net worth going up. (Worse than that, since they do not get to deduct much in the way of expenses.)

Superrich people get to claim that their net worth going up isn't due to income, it just magically happens and shouldn't be taxed.

"Unrealized gains" is the worst tax loophole in existence.

Comment Re:What? (Score 1) 456

Do these politicians really think that they are going to burn less natural gas if they burn it in power plants, transport the resulting electricity, and then use that electricity to heat houses?

Yes, those politicians think that because that is how it works in the first world. You generate electricity, and you use the electricity in a heat pump. You get more heat out than you put fuel in. Third world countries cannot afford heat pumps, but apparently the New York politicians have aspirations to join Western civilization. They will be welcomed.

Comment Re: So sell the whole lot? (Score 1) 132

You are technically correct, which is the best kind of correct.

You can do free SEPA transfers to Denmark, but they are generally useless, because the person you transfer to won't have a Euro account and therefore the transfer will not be free.

In theory, SEPA covers all the countries you mention. In practice, SEPA is only useful in the Eurozone.

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