Quote:
Originally Posted by redpoint5
Where'd you get that "arithmetic"?
Taking the lowest estimate of the cost of GND puts the cost at $50T over 10 years. That's 5T per year. Spreading that cost over every citizen we're at $42/day. You're overpaying for your pop.
At the high end of the estimate, it's 100T over 10 years, and doubles the daily per capita cost to $84/day. I'm not sure if that factors in interest, but it certainly doesn't factor in opportunity cost.
https://www.factcheck.org/2019/03/ho...new-deal-cost/
William Nordhaus was awarded the Nobel Prize in economics in 2018 for his work on estimating the economic effects of global warming. He estimates a 2-4% economic loss by the end of the century (80 years from now). We're expected to have 300%+ GDP growth in those 80 years.
The maths suggest we'll be more capable to not only mitigate the effects of climate change 80 years from now, but we'll have more wealth and more advanced technology to possibly reduce CO2 concentrations, should we choose to do so.
|
1) In 2019, $8.206103295-trillion was the number they were kicking around.
2) Spread over 30-years.
3) I divided by 30 to get the annual contribution.
4) Divided that by 365 to get the daily contribution.
5) Then divided that by 325,719,178 US population to get the daily per capita contribution ( 126,247,743 'families' )
6) I may have refueled at a LOVES Truckstop recently, and purchased a 20-ounce Berkshire Hathaway product, remembering the out-the-door price of $2.30. ( I use the urinal at KROGER when I come to town, and pass Star Bucks, observing a line of customers queued up in line to spend $5 on a cup of Joe, so I may me underestimating 'painless' discretionary spending )