artsrc (he / him)

> .. deficits .. are not an economic sin but an economic necessity. William Vickrey, awarded the 1996 Nobel Memorial Prize in Economic Sciences en.wikipedia.org/wiki/Deficit_s…

@B3ckrs @Lisa9Sophia @KosSamaras China's emissions have peaked and are now declining.

@Lisa9Sophia @KosSamaras 👆👆👆👆This is 100% spot on!👆👆 AI datacentres can't run on windmills! #auspol

Dig dig dig. One shovel at a time. I could laugh at the LNP’s antics on Net Zero, but it’s gone past comedy, this is politically brain-dead. They’re basically pitching to a 17% rump of the electorate. And let’s be clear: if Resolve stripped the boomers out of the sample, the numbers would look even more catastrophic. Self-sabotage dressed up as ‘ideals’ or strategy. These individual LNP politicians freelancing on policy are busy digging their own grave, one shovel at a time, and in the process locking their party out of government for an entire decade.

@SirRufio @BinManIan @Bruno9189427936 @Lisa9Sophia @KosSamaras Data centres can't tell if their electricity comes from the cheapest sources, solar and wind backed with batteries, or the most expensive, nuclear, or the ones that will destroy the climate we have depended on since the dawn of civilisation, coal and gas.

@BinManIan @Bruno9189427936 @Lisa9Sophia @KosSamaras Obviously you can't if you think you can run AI data centres on renewables 🤣

@mattsquair @saulkavonic @MayneReport New wind installations are massive: gwec.net/gwec-news/wind… Solar pv is even bigger: solarpowereurope.org/press-releases… Pumped hydro is mostly being outcompeted by battery storage.

Jeepers, Chris Uhlmann is giving fossil fuels a lot of credit. Would have though human ingenuity, the computer, medicine, the post 1945 world order, robotics and ag tech have been helpful as well.

@Gpmc862 @PoolsTracker @ben_nexhip @GrogsGamut I don’t have a problem with a couple deciding they want an income of $250K a year to be comfortable in retirement. We don’t need to be taxing working people with an income of $80K more to reduce the taxes on people with an income of $250K.

@art_src @PoolsTracker @ben_nexhip @GrogsGamut its funny that you can tell everyone what they need for a comfortable retirement. $750k wouldnt provide a couple with a comfortable retirement for everyone.

@PoolsTracker @ben_nexhip @GrogsGamut For what is it worth, the transfer balance cap, $1.9M. is a value that makes more sense than $3M. It is already a number that is indexed. And there is no reason to allow any super balance beyond that amount, it should simple be return to the owner.

@PoolsTracker @ben_nexhip @GrogsGamut rba.gov.au/calculator/ann… Inflation over the last 30 years caused a 2.3 times price increase. moneysmart.gov.au/glossary/asfa-… ASFA estimates a couple need $690,000 for comfortable retirement, $350,000 each. So you pay 30% tax on what is needed for comfortable retirement in ~70 years.

@saulkavonic @MayneReport Do you understand the logical difference between: “Were made with ..” and “Were not possible without ..” ?

@art_src @MayneReport

@PoolsTracker @ben_nexhip @GrogsGamut 30 years of inflation at 2.5% a year results in prices roughly doubling. So in 30 years for a comfortable retirement you would need about $1.5M. None of our taxes are indexed. There is plenty of time to address this if there is a problem.

@art_src @ben_nexhip @GrogsGamut The tax its not indexed. Everybody that is now 30 years from pension will need to have more than 3 millions due to inflation. The fact that it’s not indexed is crazy

@kristiesulliv Channel 9 is lying about the deliberate shooting of an Australian journalist. Is this a deliberate attempt to destroy their own reputation?

Looks a bit more than “caught in the crossfire” to me 🧐

@saulkavonic @MayneReport Electricity has always been possible without fossil fuels. Wind and pumped hydro have not needed any essential breakthroughs in a century.

You may find most of those things were not possible without fossil fuels throughout 20th century: Widespread electricity needed for computers (and robotics) Raw chemicals that are building block for pharmaceuticals fertiliser for Ag Not to mention fossil were (and still are) are essential ingredients for: cement steel plastics transport plastics

@ben_nexhip @GrogsGamut The purpose of super tax concessions is to help people have a comfortable retirement. With $2.5M she will have 3 times what she needs for comfortable retirement.

@GrogsGamut What happens when a GFC hits and Lucy goes from $3.5m to $2.5m?

@CSunvilla @gtconway3d The executive must defend the constitution, and faithfully execute the laws passed by the legislature.

@gtconway3d Judicial tyranny of compromised unethical judiciary

You are deeply unwell.

@chilloutpeoples @macsween_prue There are plenty of legitimate criticisms of the government so why present a list of .. rubbish? For example, ambulances are a state responsibility.

@macsween_prue This is what 34% of Australian idiots voted for, they deserve everything they are going to get

This image of the arrogant, ignorant, deluded Chris Bowen tells you everything about the man. Eating pasta in the front row of a Mass & Holy Communion, yet claiming he didn’t know it was a Mass. The fool doesn’t have a clue about anything.

🚨NEW: Bruce Springsteen calls out Trump: “The America I love - the America I've written about that has been a beacon of hope and liberty for 250 years - is currently in the hands of a corrupt, incompetent and treasonous administration" RETWEET if you stand with @Springsteen!

@JustinWolfers Is there a contrarian argument? Create a sense of risk about building factories outside of the USA, if you want to target the US market. But actually not have any substantial tariffs, and have largely free and open trade.

Probably more a debate than an interview, but a debate I'm happy to have: Will the Trump tariffs -- the actual Trump tariffs rather than some hypothetical he could have implemented -- will help bring jobs onshore?

@RodBamberry @strangerous10 Giving a credit rating to an entity that can issue the borrowed currency is inane. Australia can choose to never default on the nominal debt. If Australia was borrowing gold or Euros this would be different.

@strangerous10 We shouldn’t forget that S & P was a rating agency that gave a glaringly inappropriate rating to the subprime mortgages in America that contributed to the 2008 financial crash.

PM Albanese fires back at AAA credit-rating concerns saying “we’ve put our costings out there” while “the other side haven’t” “we’ve actually made the budget bottom line better” Chalmers says if ratings agencies are worried, it’s about the LNP’s “secret costs & savage cuts”🔥

@mattjcan The LNP don’t need to wait for the cause of the outage to be investigated, because facts are not important to them.

This is what Labor wants for Australia. Unreliable power. No future for manufacturing. Labor's all renewables strategy is a plan for the dark.

@Hayden227723 @KosSamaras If I trusted what I hear chatting the people the Greens would win. My electorate voted Yes to the voice. Your friends are not a random sample.

@Kazz5b @KosSamaras The polls are always "wrong". *How* wrong, and in which direction? We don't notice when polls are more "wrong", but the result is correct. People, vote differently than they currently intend. A systematic polling error of 2% is possible. Dutton could have a good week.

@KosSamaras Hey @KosSamaras could all the polls/media be wrong like the 2019 election that said bill shorten had it in the bag ?

@Lisa9Sophia @KosSamaras The decline in living standards was caused by costs rising faster than wages. The peak of the quarterly CPI in Australia, was March quarter 2022, 2.1%, before Labor was elected. Prices are not going down, the solution to the cost of living crisis is higher wages.

Apologies Kos. I just can’t see how a second term of Labor/Teals/Greens is in Australia’s best interests I’m incredibly concerned about how our rapidly deteriorating living standards are impacting the marginalized. You and I grew the same way, and kids that are disadvantaged today are worse off than ever before