@larrybehrens Who got rich? Rate payers had a fixed PPA rate and it didn’t cover the costs, leaving equity holders out of the money. So curious, who exactly do you think “got rich” and how?
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Jesse Boyd
178 posts
Jesse Boyd
@jessemarkboyd
Electric Transmission Planner | 10 Years in the Energy Transition | Colorado Based | Solar, Wind & Batteries | Navigating Interconnection one upgrade at a time
Buena Vista, CO Beigetreten Mart 2026
63 Folgt7 Follower
Someone got rich, and it wasn't the taxpayers.
If renewable energy worked, then it would work.
Electroverse@Electroversenet
California's $2.2 billion solar plant is shutting down. Once hailed as a breakthrough, the Ivanpah Solar Facility in the Mojave Desert is now a case study in failed technology and environmental risk. Built with $1.6 billion in federal loans in 2014, the plant was hailed as a symbol of America's clean energy future. It used 173,000 mirrors to focus sunlight onto three massive towers heating fluid to drive steam turbines. Complicated. Expensive. And it never delivered on its promise. After just 11 years, the technology is now obsolete. On top of that, the facility became notorious for its environmental toll, with estimates of at least 6,000 birds incinerated each year by the concentrated beams. The promise was affordable, reliable, green power. The reality was high costs, technical failures and ecological damage.
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@AlexEpstein China also stopped incentives. EV purchases keep growing.
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Myth: EVs have achieved superiority over gas cars, as evidenced by their increasingly high adoption rates in China and Europe.
Truth: In both of those places, high EV adoption rates are the result of massive government subsidies of EVs and forced phaseouts of gas cars.
Whereas, in the US, since massive EV subsidies stopped in 2025, EV adoption rates have stalled.
EVs are not yet competitive with gas cars, and governments that force people to use EVs are making everyone's lives worse.
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@Hedgeye If this kind of approach were taken toward renewable projects, the headlines would be “9/10 renewable projects cancelled “. That’s just how it works.
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@criticalurban I don’t think you know what ‘efficiently’ means. You really like car transport, cool, but that doesn’t make it efficient.
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Cars move people, and nothing else moves people more efficiently than cars because nothing else can take people between unique locations on demand. Mass transit is limited by fixed locations and schedules. Bicycles are too slow and exposed to the elements. They're a joke.
Pablo Torres@Pableux
@criticalurban You should be thinking about how to move people, but instead, you're focused on how to move cars. Btw, cars are extremely inefficient: they are parked 95% of the time. Most of the fuel is consumed just to move the vehicle's own weight. Cars promote sedentarism. Your metrics:
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@TheMoonglowin @_Unknown_D_ Is that what stock buybacks do? How did we ever live without them (they of course used to be illegal back when we had these things called laws)
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@jessemarkboyd @_Unknown_D_ If we just stuck to evenly distributing the profit of every major corporation, so that they never had more than they needed to operate, every US citizen would only get 11K. Which is a drop in the bucket, and would also destroy the entire economy.
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So who in your ideal, anti-capitalist concept of life, performs the labour neccasery to keep you fed, housed, secure and entertained?
Your problem is not capitalism, your problem is that you want the benefits of labour without participating in it, in other words, laziness.
𐌁𐌉Ᏽ 𐌕𐌉𐌌𐌉@OrevaZSN
I just really, really hate the concept of capitalism. I don’t want to work my job every day. I want to make art. I want to be in my garden. I want to feel something.
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@MathewCarson11 @_Unknown_D_ So you think massive efficiency gains create more jobs?? Is that what AI will do? Is that what the Industrial Revolution did? Can I introduce you to a great author named Charles Dickens to relieve you of this delusion?
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@jessemarkboyd @_Unknown_D_ No, you reverse it through creating more jobs, which increases labor demand, which increases wages.
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@MathewCarson11 @_Unknown_D_ Dude you gotta get out of your Econ 101 text book.
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@jessemarkboyd @_Unknown_D_ … lowest price you can. If you want wages to go up, you have to reduce the supply of labor or increase the demand for labor.
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@MathewCarson11 @_Unknown_D_ No shit. That’s the point. Any efficiency gains go to the accumulation of wealth not wages. We only reverse it by redistribution.
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@jessemarkboyd @_Unknown_D_ Companies do not pay more just because they make more. They pay more because your labor is worth more. Why would they pay you more if they don’t have to? It’s no different than you paying more for an item because you think the producer deserves more. No, you’re going to pay the…
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@MathewCarson11 @_Unknown_D_ OF COURSE IT DOES! Are you serious??? A company gets profits and instead of increasing wages they do stock buybacks and you say that doesn’t impact the wage earners? You’re losing the argument due to boots on the ground reality. Good riddance to shills like you.
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@jessemarkboyd @_Unknown_D_ Wealth creation is still happening. Economics isn’t zero sum. Wealth creation costs you nothing.
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@MathewCarson11 @_Unknown_D_ My guy. If inflation is growing at 2-4% and their assets are growing in value at 9-11%, what do you believe is the problem? The 2-4% or the fact that that 2-4% is being accumulated at the top to inflate assets at 9-11%?
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@jessemarkboyd @_Unknown_D_ They aren’t lobbying for wasteful government spending that puts us in a deficit and creates inflation. Their assets aren’t increasing in value, they are increasing in price because of inflation. Their assets aren’t worth more, the dollars they are valued in are worth less.
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@MathewCarson11 @_Unknown_D_ No they don’t. Sometimes they drive inflation. Inflation expectations work in wage increases too.
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@jessemarkboyd @_Unknown_D_ You clearly do not have an understanding of economics. Wages always lag behind inflation, it’s one of the most damaging things about inflation. Then, people like you demand more spending to fix the problem, which creates more inflation.
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@MathewCarson11 @_Unknown_D_ When the wealthy use market power and political power to reduce our *real* wages that’s certainly a problem. It’s not strictly a government spending problem though, it’s unequal distribution. You agree?
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@jessemarkboyd @_Unknown_D_ They didn’t receive government spending. It’s a transfer of value from your wages to their assets through inflation. Corporate welfare is a separate, insidious, but more easily identifiable issue, but it’s nowhere near the size of problem inflationary spending policies are.
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@MathewCarson11 @_Unknown_D_ Oh yeah and the wealthy (who received all that government spending) can’t increase your wages? Why not? Quit buying their lies and quit voting in their buddies.
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@jessemarkboyd @_Unknown_D_ The politicians aren’t going to say, “Oh, shit! We effed up, guys! We created inflation that destroyed the value of your wages and made the rich richer because it inflated asset prices.” No, they are going to blame someone else, or you won’t vote for them.
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@MathewCarson11 @_Unknown_D_ Blame government spending in general? No offense, but that is stupid. Inflation of 2-4% is not our problem. It’s that the wealthy are successfully getting poor people to blame poorer people while they accumulate MASSIVE amounts of wealth.
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@jessemarkboyd @_Unknown_D_ Which is why everything is more expensive and you can’t afford as much as you could before. Inflated asset prices making the rich richer isn’t the cause, it’s a symptom, and you’ve bought the propaganda that it’s the fault of the rich, rather than the politicians.
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@MathewCarson11 @_Unknown_D_ Why would that impact me? It only impacts me because the money the government prints is going to the top instead of improving my quality of life
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@jessemarkboyd @_Unknown_D_ No they aren’t, the government is inflating you out of it with deficit spending of money created out of thin air. It isn’t the billionaires destroying your purchasing power, it’s the politicians.
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@copacetic_cat @_Unknown_D_ No, that would be innocent. They invest in things that get them market power and addict the populace. Thats the ROI.
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@jessemarkboyd @_Unknown_D_ You caught me. I'm one of those wannabe hoarders that bury my pennies in the back yard while I toil for the man in the coal shafts. Woe is me Jesse, what more wisdom can you share with us po'folk?
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@MathewCarson11 @_Unknown_D_ You’ve got to be kidding me. Someone gives you some line and you just buy it? No Scrooge would be doing less damage, just reducing M2 lol. These guys are investing you out of land, resources, and freedom.
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@jessemarkboyd @_Unknown_D_ Wealth isn’t hoarded. This is a child’s conception of wealth. Billionaires aren’t Scrooge McDuck swimming in vaults of cash. Wealth is in the economy. It’s in banks or venture capital being loaned to or invested in new companies or expanding existing ones, creating new jobs…
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@KyleCryptoLand @_Unknown_D_ Read what he says again. He doesn’t want to work every day. Why would you be blind to that? What’s your bias?
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@jessemarkboyd @_Unknown_D_ Again, what does that have to do with the issue at hand?
If you want to argue degrees of productivity, have workers received a fair share of gains, totally fair.
But the point at hand is someone who simply doesn’t want to work at all and presumably enjoy the same std of living
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@WildSentences if I were a student I would've missed the exam and I would've said 'dang I'll really have to ace that midterm'.
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Sam Altman’s home vs Elon’s…
I think this tells you everything you need to know.
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