About my post below, this is something that sounds intelligent to dumbasses:

AOC and her supporters think billionaires have billions of dollars in liquid assets

They dont

Selling assets is complicated, value is complicated, net worth is complicated
and actually sometimes a bit nebulous

So for the most part no, no one *has* a billion dollars https://t.co/kzQsb0vyzV

— Tim Pool (@Timcast) October 2, 2019

But then you have to think, if Jeffy B. doesn’t actually have billions of dollars just laying around, how does he buy yachts and dachas and ranches and shit on the regular?

HMMM it’s a mystery. No one could ever solve this huge conundrum. Never.

Ok, well, really it’s solved all the time. First, billionaires borrow money against stock. Maybe not ideal for paying taxes, but perhaps. Second, staggered selling is a thing. No one but a fucking dipshit doofus dingbat sells a billon of stock in a single day. What you do is sell it over a few weeks or months. This is done all the time by the very rich or their viziers.

Something else that is likely to occur is that a wealth tax will change how compensation looks over time. Which, you know, is the whole point, really.

So this insoluble problem is actually solved all the time, and easily.

And! No one with more than a little bit of money has it all, anyway. I have quite a lot of money “in” the bank. Do you think if I strolled down the branch they’d let me have it all? No they would not. Don’t believe me, try it and see.

Another and! Stocks are the very definition of liquid assets, unlike what Timmy “Shallow” Pool here writes. You can sell stocks in fractions of seconds. I know because I do it all the time.

Last and! Jeffy B. once sold $1.8 billion of Amazon stock over a three-day period, proving Timmy “Pissed-in” Pool wrong quite directly.

It’s easy, once again, to seem smart to many while being an utter simpleton, but it’s harder knowing your ass from a hole in the ground.

Which Timmy “Get a Better Gene” Pool does fucking not.

Grumpy young man, but worth following. https://t.co/eSoG2oxlUd

— David Andolfatto (@dandolfa) October 2, 2019

Want grumpy, come visit my blog. He’s not even trying. I was born grumpy, and things went downhill from there. I was more grumpy by three years old than he’s ever been in his entire life added together.

Did he spend his time as a toddler running around biting those who displeased him hard enough to leave scars? No he did not.

I did. If there is ever a grumpy president, I’m a shoo-in. As the t-shirt says, though, this grump is still killing it and complaining all day long.

Urban trivia. In 1725 the working class areas of Tokyo had a population density of 68,807/km². Virtually not a single building over two floors. In the US, the most densely populated incorporated municipality is Guttenberg, New Jersey at 22,052/km². High rises aren't efficient. pic.twitter.com/wJjdhUhvzf

— Wrath Of Gnon (@wrathofgnon) October 3, 2019

No, high-rises are not. And they are very, very, very, very, very expensive to build and maintain. Something like an order of magnitude more (even comparing floor-by-floor) than low-rise buildings, and it goes up a lot (forgot how much) as the height increases. Almost all of them are vanity projects that will not survive climate change. Anything over 10 floors in almost all places is likely doomed, especially if it’s built with a glass exterior.

Climate change risk scenarios are fat-tailed, so people drastically misunderstand the chances of terrible and apocalyptic outcomes.

That’s ok, though, Their children will understand. The ones who live, anyway.

Green New Deal: How About A “Low Tech New Deal”?

Fuck, this article is ludicrously stupid. Ignores nuclear altogether, for one. You think, given the choice, people are going to choose to live like medieval peasants or go with nuke plants? I tell you, we won’t be out in the fields with scythes and building cathedrals for our lords.

The entire power capacity of the entire world could be met by fewer than 5,000 nuclear plants. With breeder and other types of reactors that already exist, we wouldn’t run out of fuel for something like 200,000 years.

The article is terrible in other ways. It ignores that solar panels can be placed where much already exists, such as on roofs, in parking lots, where crappy old coal plants already are, etc.

It’s not even that I am against what this article is discussing, though I am. It’s more that I am staunchly opposed to shoddy thinking in the service of an agenda, and a stupid-ass agenda at that.