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Joined 11 months ago
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Cake day: July 28th, 2023

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  • The thing is, have you ever been to a coal mine. I am in the mining industry and have done multiple visits to coal mines, the magnitude of carbon they dig up, through underground or the cheaper dragline is jaw dropping if you realise that is going into the atmosphere. Like we have an exclusive club called a millionaires club for supervisors who in their section of the coal mine can extract more than a million tonnes in a year, they are greatly rewarded. This is excluding oil or petroleum products.

    To counter this you need to put the same or more carbon back into the ground, what technology do we have that can do it economically or even scalable, carbon capture is a gimmick in my opinion to give stupid people hope that there is an easy answer that is just around the corner. Maybe I have lost hope but my belief is that the carbon put into the atmosphere will not be extracted by humans, but will after 100s of years be absorbed into the ocean only if we stop our current emissions. Should we in the mean time lose our ice poles, glaciers and ocean currents, have heat destroy the fauna and flora while we do nothing. We have engineered this hot climate, can engineer it to be colder while we get our shit together.

    My country is the only developing country to be on target of meeting our Paris climate accord targets, how thanks to government corruption that led to the unavailability of our power stations where we have for years have rolling blackouts, or loadshedding as we call it. Fucks up our economy not having enough electricity, but great for the environment. I know there are green solutions to help alleviate our problems but our government has vested coal interests. So the best we can do is put solar power systems in our own homes








  • Well it seems I made wrong assumptions in my initial calculations. But they are using wealth, so yes house valuations and retirements plus investment. But here is the caveat, you have to minus dept. So if you have houses and cars worth let’s make this figure up, $15mil, maybe $1mil in retirement, savings, investment and loose cash you might be worth $16mil to the common people. But if you have let’s say $20mil in dept, then according to wealth valuations a homeless person has more wealth than you. Remember wealth estimates like this does not include income and earning potential




  • Ok hear me out. I just want to do quick maths. The world population is according to worldometer just over 8,1 billion people. So 81 million people make up the top 1%. So this article says they have now 44,6 trillion dollars. So $44600000000000/81000000 is equal to $550617.28 per person in the one percent. So that means if you have more than $550 000 in wealth, you are a one percenter.

    I am curious if the wealth of the top % as a value has grown or outpaced the rate of inflation and population growth added together.