patrick.net
An Antidote to Corporate Media
1,356,043 comments by 15,730 users - AD, FortWayneHatesRealtors, Misc, Tenpoundbass online now
Comments 1 - 2 of 2 Search these comments
2
Dan8267
2017 Sep 2, 3:44pm
Dan8267
2017 Sep 2, 3:44pm
Lousy speaker, but the point stands.
Harvey's current direct costs are currently estimated at $200 billion. That makes it the most expensive natural disaster in U.S. history. The indirect loss due to loss of productivity will exceed a trillion dollars. It will be amplified by the dollar velocity and positive feedback. Loss of productivity leads to loss of revenue leads to loss of jobs leads to loss of demand leads to loss of revenue, rinse and repeat.
Every climate change denier will pay more in taxes because of natural disaster relief, more in gas because of loss of productivity, more in food because of lower crop yields, more in everything because the costs will propagate throughout the economy. It won't be directly measurable. Instead, your cost of living will rise and your income will be lower.
That is how climate change will be paid for. Instead of paying a little to limit climate change by ending pollution, you will pay a lot for the consequences of climate change. However, on the bright side, those oil and coal executives will be able to buy that fourth megayacht they've been wanting, so it all evens out.
Harvey's current direct costs are currently estimated at $200 billion. That makes it the most expensive natural disaster in U.S. history. The indirect loss due to loss of productivity will exceed a trillion dollars. It will be amplified by the dollar velocity and positive feedback. Loss of productivity leads to loss of revenue leads to loss of jobs leads to loss of demand leads to loss of revenue, rinse and repeat.
Every climate change denier will pay more in taxes because of natural disaster relief, more in gas because of loss of productivity, more in food because of lower crop yields, more in everything because the costs will propagate throughout the economy. It won't be directly measurable. Instead, your cost of living will rise and your income will be lower.
That is how climate change will be paid for. Instead of paying a little to limit climate change by ending pollution, you will pay a lot for the consequences of climate change. However, on the bright side, those oil and coal executives will be able to buy that fourth megayacht they've been wanting, so it all evens out.
www.Zus0ICUvd1c