Migrated from rainynight65@feddit.de, which now appears to be dead. Sadly lost my comment history in the process. Let’s start fresh.

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Joined 4 months ago
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Cake day: June 24th, 2024

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  • Thing is, I am actually Gen X. Early even. And I look at the Boomers and see the generation who kept pulling up the ladder. They got free education and privatised it to make it expensive for us. They got free healthcare and privatised it to make it expensive. They got into the housing market for cheap and started using it as an investment and speculation vehicle, making it harder for each subsequent generation to get into it. They were pretty much the last generation in which it was possible to raise a family on a single income. Climate change is front and center of mind in my generation, we’ve known for over 30 years what’s coming. When you look at those who most fervently oppose climate change action - all old fogeys, and I say that being very conscious of the fact that I am approaching ‘old fogey’ status from the perspective of Gen Z and Gen Alpha.

    I can only imagine how todays teenagers and young adults feel…




  • I don’t necessarily have a problem with it being an interest-free loan, if it serves to keep a business over water and saves jobs. To me that’s an appropriate use of taxpayer funds. I’m all for taxpayer subsidies if they are balance-positive to the taxpayer, i.e. jobs are preserved and the subsidies result in meaningful economic activity.

    What’s bad is when otherwise profitable businesses use threats of job cuts and closures to obtain taxpayer bailouts so they can keep paying big bonuses and shareholder dividends. A lot of that happened through COVID, and the taxpayer threw billions at big business for very little in return. So maybe restrictions on layoffs and such would need to be written into a system like that. The punitive aspects need to incentivise the intended behaviour and strongly disincentivise the wrong behaviour.



  • Big corporations begging taxpayer bailouts and then using them on bonuses and dividends. It’s a humongous waste of money that does nothing but enrich the wealthy. Most of the time it doesn’t even save jobs.

    If, as a large corporate, you want a bailout from the taxpayer, then the government/state will take a portion of your shares in escrow, equivalent in value to the amount of money you’re asking for or getting. Those shares (in case of publicly traded companies) are withdrawn from the stock market, become non-voting shares and are frozen at their price at that time. Within a to-be-determined time period (five years maybe) the corporation, if it gets profitable again, can buy back all or part of the shares from the government at that price per share - thus returning money to the taxpayer. Anything that’s left after five years, the government can do with as it sees fit - sell them at market price (thus recovering the spent money), or keep them use them to vote/control the company.

    There probably is a lot wrong with this proposal. But something needs to be done to discourage big business from hoovering up taxpayer money like it’s going out of fashion. Most of the time the taxpayer is getting absolutely no value from that spend.












  • Equally then, the nuclear disasters shouldn’t count, right?

    Deaths from an accident at an active nuclear power plant are not the same as deaths caused by a burst dam that was originally intended to produce electricity one day, but has never produced any. Especially if you call the statistic ‘Deaths per unit of electricity production’. At the time of the accident, it was just a dam, construction of any hydroelectric facilities was nowhere near beginning, so calling it a ‘hydropower accident’ is highly debatable (probably as at least as debatable as calling nuclear ‘conventional’). Without the inclusion of those deaths, hydro would be shown to be even safer than nuclear, given that it has produced nearly twice as much electricity in the time span covered by those statistics, while having caused a similar number of deaths (if you continue to ignore the increased miner mortality, otherwise nuclear will look way worse). The article also does not cite how they determined the number of 171000 deaths, given that estimates for the Banqian dam failure range between 26000 and 240000. The author mentions (but does not cite) a paper by Benjamin Sovacool from 2016, which analyzes the deaths caused by different forms of energy but, crucially, omits the Banqian dam death toll. I will try to get hold of that paper to see the reasoning, but I suspect it may align with mine.

    How do you assume it’s ignoring their increased mortality?

    The article makes zero mention of any such thing, and the section about how the deaths are calculated (footnote 3 in this section) only calls out the deaths from Chernobyl and Fukushima. Direct quote from the footnote:

    Nuclear = I have calculated these figures based on the assumption of 433 deaths from Chernobyl and 2,314 from Fukushima. These figures are based on the most recent estimates from UNSCEAR and the Government of Japan. In a related article, I detail where these figures come from.

    No mention at all of any other deaths or causes of death, nothing whatsoever. It’s the deaths from two nuclear accidents, that’s all. The figures from the cited study alone would multiply the number of nuclear deaths in this statistic. What’s worse, the author has published another article on nuclear energy which essentially comes to the exact same conclusions. But if you include deaths from a burst dam that has never produced electricity (but was planned to do so eventually), then you must include deaths among people who mine the material destined to produce electricity in a nuclear plant.

    To me it simply looks like the author of this article is highly biased towards nuclear, and has done very selective homework.