Sadly, most of us will not be here to see 2100. And that means that we will not be around to witness the dream for that year, set out by the Global Justice Project last week, turn into reality. In just 75 years, the average citizen of the world will have a monthly income of âŹ5,000 but work only a 19-hour week. Every child will have an education thatâs worth âŹ8,400 a year, and the health budget will be âŹ14,400 per capita. Women will be completely equal to men. And climate change will have been stopped at 1.8°C â under the IPCCâs arbitrary 2°C threshold.
âŹ5,000 a month (ÂŁ51,800 or $69,270 per year) is more than I earn now, and I work all the time, so why would I be looking for the catch in this programme for sustainable global equality? Yes, I might be a climate sceptic who bangs on about 'basic arithmetic' all the bloody time, but I surely ought to be tempted by these numbers, both selfishly and selflessly.
The Global Justice Project (GJP) combines the work of 45 direct contributors and a further 200 researchers around the world, with the project based at the World Inequality Lab at the Paris School of Economics (PSE). The PSE itself and the GJP were co-founded by former adviser to then Labour Party leader Jeremy Corbyn, professor of socialist economics, Thomas Piketty. And as one might expect for a project
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If he’s got any sense Elon will have constructed his base on Mars by then and can thumb his nose (other appendages are available) at the whole mess of them and taken his wealth off planet.
I wonder how their numbers stack up if he and his wealthy friends join him?
Just another example of a failed communist agenda. History tells us the people will reject a ideology that restricts their freedoms.
Does his mother know heâs escaped from inpatients?
Wealth does not exist in the wild, ready to be gathered up and shared around: it has to be created. If no wealth is created and what exists is gone, there is none to distribute.
This is the main flaw in the thinking of Socialists of whatever iteration and fancy name they give themselves.
The reason is none of them ever engage in productive wealth creating economic activity, as they are fully engaged in planning the distribution of what others are creating.
Get back to me when China, India and Russia sign up to this mental idea.
They may well say they sign up to it.
We’ve seen how the offer of free accommodation and a reasonable income has tempted thousands to move across the globe for the freebies, so if they began to receive this sixty thousand largesse, presumably they would no longer have to move! A few questions, which maybe these Global Justice morons haven’t considered. What will inspire people to work to generate the global income, or will it be basically half the world knackering themselves to keep a few tribesman sitting on their arses. Does everyone in the world have a bank account to receive these riches? How will oppressed Muslim women get their money or will the tribal leaders just collect it on their behalf, becoming fantastically wealthy while half the population continues in abject poverty. If they were still in the sixth form, I would grade this homework an E- with a lot more work to do.
Socialist economics never work. Isnât this the lesson of the past 100 years?
Not a prayer thank God.
When AI bites there will be violence against the elites which will make the Luddite violence look like a tea party.
And they know it will happen.
Do you really think the mismanagement of the West is just incompetence
All Empires fall and Elite/bankster tec will be no different
It would be nice to be around to see it.
When the tax-looting and investment funds produce below-expectation returns the elite who have access to the global bank accounts will see private property as theirs to distribute to those in need.
Mass starvation follows very quickly.
Could someone tell us how much money Pickett or Corbyn have made other than by sucking on the taxpayersâ teat. Can someone tell me a single case of economic success and/or personal freedom when the state controls the economy.
no. I thought the answers to all my questions was NONE
Musk was a PayPal millionaire who put $100m into Tesla and about the same again into SpaceX. So when both were in trouble he was nearly bankrupt. Under the plans in this article it sounds like he wouldn’t have been allowed to put the money he made from PayPal into creating wealth. You did say economists made these plans?
It is quite conceivable that economists made the plans – have you ever met one who had a sensible idea in his head? I’ve met a lot who haven’t.
Who funds the GJP?
Gates? Meta? Soros?
No. They are likely funding Pickett through tax sheltered trusts in the expectation of being on the World Politburo.
That will demotivate anyone thinking of taking the necessary risks to create wealth. Theyâll be collecting 90% of nothing, which, if my maths is correct, is nothing.
$839 billion maybe Musk’s wealth but it’s not stashed under his mattress. It represents the market value of the shares he owns in his companies. He’s deployed his assets so much more efficiently than any state enterprise ever could. In fact, no one ever has deployed their resources more effectively.
It’s much the same with the other billionaires, they employ people, pay wages, buy stuff, reinvest, borrow & invest. They multiply their wealth by increasing the velocity that that money is recirculated through society. By transferring this wealth to state actors not only do the billionaires lose out, so do the rest of us.
The Scientific and Engineering Entrepreneurs generally make money by creating something that didnât exist beforehand that others need or want and are prepared to pay for. And pioneers encourage competitors to do the same thing which is a driver for maintaining competitive price. Many advancements fail and startup enterprises demand an extraordinary effort, something the dead hand of the state seeks to criminalise through working time directives and the like. Without this innovative sector, surplus capital does not earn its keep. is By confiscating large proportions of wealth created, wealth creators might just as well consider criminal enterprises outside of the minutiae of State interference and control. I believe Richard Bransonâs school teacher of predicted he would become a multimillionaire or a successful criminal. A world controlled by Public Sector apparatchiks and sucking the life out of wrath creation, would stagnate without a balancing criminal counterpart.
Which of those options do you think Brandon achieved or did he do both and prove his teacher wrong.
If it were he’d be quite a bit closer to reaching Mars. đ
Now here’s a thought experiment… if the entire world population died overnight (you, me, Thomas Piketty and everyone else) what would the effect be on the climate?
You would have thought that a Zero Population model would be useful in setting a baseline. But I guess that is too radical for political ideologies to consider – they want a ‘fair share’ of your money, not no taxation at all.
Who would measure ‘the climate’ and report it; who would care?
AI weather stations.
Well correlated neighbouring ones?
Perhaps we ought to remind AI that without us their electricity will turn off.
If there was no one sentient there to observe and record, would the world actually exist.
There is no way to measure climate. Climate is a derived mean of historic atmospheric conditions – weather.
It does not exist as a tangible phenomenon, in the same way that average age, the average man, average weight, etc do not exist.
Would there be a climate if there was no-one around to experience it?
There would be a mass extinction of species around the World because so many have evolved around human management of the environment. With no farms there would be no farmland birds. Downland butterflies would disappear because the scrub would take over. Brambles will rules the World and snuff out all other plant life.
Actually that experiment has been run⊠in a way.
For over 4 billion years there were no Humans, yet severe changes in climate from Ice Ages to Tropical Ages back to Ice Ages were frequent, atmospheric concentrations of C02 ranged from 150ppm to 10 000ppm, sea levels rose and fell.
For 70% of the time there were no Polar ice caps, for less than 1% of the time have there been two – currently we are in a rare cold period.
So in summary: a different version of communism dressed up as climate action & social justice.
At both a societal and individual level, material wealth comes from a combination of hard work, innovation, emotionally intelligent habits and luck. It comes from human capital, and quite a lot of that is genetic. Give a country huge wealth and they will most likely end up losing it if their human capital is poor. Take away wealth from a country with exceptionally good human capital and that country will rebuild back to where they were before, eventually. This I believe is demonstrated by real world results throughout history. All this other bollocks that these people do is an attempt either to fleece us or some deluded attempt to avoid the uncomfortable truth that life is terribly unfair.
These idealists will never acknowledge that human beings have achieved wonderful things because they are competitive, and that equality is not a natural human condition.
Their attempts to impose their views on us shows that they want to rule over us not participate in a(n impossible) truly equal society.
The natural state of Humans IS equality – poverty.
A curious term. A centimillionaire would have 1/100th of a million. 10,000 otherwise known as ten grand. Lots of people have that much. I think they mean hectomillionaires 100,000,000 one hundred million or one tenth of a billion.
We can trust these guys, of course – they’re only four orders of magnitude out.
If the Far Left understood economics they would not be Far Left, which does leave you wondering how Mad Ed got a Masters in it.
It makes me wonder what a Masters in Economics is worth.
Inside work with no heavy lifting, it seems.
A leading US politician had her Economics degree revoked once she demonstrated her utter incompetence in the subject.
I don’t think Economics students study actual Economics today, is DEI purported instead?
Wealth taxes – a tax on assets – are by nature reductive. The assets have to be liquidated to provide the cash to pay the tax. That reduces the amount of wealth held in assets, therefore next tax period will yield less revenue, and this reduction will take place in each subsequent tax period until either the wealth held in assets drops below the threshold, or nobody is holding assets.
It is also the case that as assets are liquidated this surcharges the market thereby lowering asset prices, so more assets have to be liquidated to meet the tax liability. Then there is the question of who will buy if that increases their wealth tax liability. Assets then may go unsold. Where will the cash come from to pay the tax?
And finally: much of that wealth is invested in and lubricates the wheels of the market economy to create more wealth. Remove the lubricant and the machinery seizes up.
‘Global Justice’….nice name. Let me translate: New World Order Fascism. How many of these fascist groups with nice names abound? Illimitable it appears.
All of the actors in this group are making millions from writing illiterate reports, based on a totaltiarian-green fascist agenda that has no ‘correlation’ with reality, how weather/climate operates or the realities of the 0,04% trace chemical call plant food, necessary for life.
‘Science’ blah blah. Science died in the late 19th century when we moved from the mechanical to mathemagicianism and modellism.
Hydrocarbons are abiotic,renewable, clean burning, have nothing to do with rocks, dead dinos or devonian algae. Puerile.
“Sadly, most of us will not be here to see 2100.”
If I follow the family pattern, I’ll be checking out round about 2050.
Looking at the state of the country already, following 3 decades of mass immigration and the deliberate destruction of everything that was good about this country, I think that will be a blessing.
Totally argeeđ, I love life but I’m glad I’m in the departure lounge and not arrivals!
Towards the end of her life my mother would quip that nobody should wish her ‘many happy returns‘ on her birthday.
I’m beginning to wear out. I do not need another lifetime of this.
I’ll be out well before you RTSC but what about my grandchildren?