DrewsBag

DrewsBag t1_j2ezpn1 wrote

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.

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DrewsBag t1_j2duydg wrote

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.

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DrewsBag t1_ixcsn5n wrote

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.

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