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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (46645)	1/24/2014 6:55:40 PM
From: Brumar89	Respond to of 86356

China's top individual income tax rate (45%) is a bit higher than the US top rate, but their corporate income tax rate (25%) is lower.

To: Wharf Rat who wrote (46645)	1/24/2014 7:36:24 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 86356

I'm up to thinking that CO2 could become a problem some time later this century, maybe, if we can get CO2 up to 800 ppm or 1500 ppm. But that seems unlikely given how much effort, time and easy oil and coal it took to get from 280 to 400 ppm. People are notably tightwad about spending money, especially on things like oil, if they can possibly find a way around it. Oil is not like taxes which people are obliged to pay. The oil industry can't arrest people and gaol them if they refuse to buy oil. So people in hordes are finding ways around buying oil, such as Eric and you in going off the grid with photovoltaics and refusing the blandishments of the hydrocarbon suppliers. With people like you, and everyone else, buying fuel efficient cars, and soon Halo-powered autocars, it's going to be tough to keep all the petrol stations open, and refineries. When Peak People occurs in 2037, the oil industry will be on a downward decline as people continue to avoid buying oil. In the 1970s, Big Oil and General Motors were big deals. Now, all those old industrial revolution giants are minnows compared with the Cyberspace industry. Just Apple is bigger than any of them. Throw in Microsoft, Oracle, Yahoo!, Facebook, Qualcomm, Intel, Samsung, Cisco, Vodafone, China Telecom, NTT and whatnot, and you'll been $trillion measuring sticks. <Why should it include China? They don't practice Raygunomics.> Because in my book, people in China are people too. They have been freed from a century of disaster and outright geopolitical ideological catastrophic calamity and are now free to work for a living in the wider world. So of course they are able to underbid the previously overpaid bottom 99% in the USA. I am very happy for my hard-earned money to go to people who really need the work and will work for lower pay. People who work for Apple are in the rich 1% and they employ hordes of Chinese to make iPhones, iPads and whatnot, so the Chinese are much better off than 20 years ago and the previously employed 99% Americans need to lower their prices. Huawei is booming as people around the world hire them to install fibre and Cyberspace mobile networks instead of Motorola. It's a great improvement for people overall. It should include China because Chinese are people too. Mqurice