North Cove is more than 200 miles (320km) from the coast, in the mountains, and about 500 miles (800km) from where Helene made landfall.
North Cove is more than 200 miles (320km) from the coast, in the mountains, and about 500 miles (800km) from where Helene made landfall.
Any idiot can build a bridge that stands. It takes an engineer to design a bridge that barely stands.
This whole thread has way too many people who see the price as some kind of made up number that dictates how people behave, rather than recognizing that the price is a signal about the availability of useful real-world resources.
Even if the prices were strictly mandated by a centrally planned tariff that kept the same price throughout the day, every day, we’d still have the engineering challenge of how to match the energy fed into the grid versus taken out of the grid.
The prices are just a reflection of that technical issue, so solving it still needs to be done.
But some who has earned a penny in interest has spent time as both worker and owner.
I’m not talking about people who only make a small amount of interest or investment return over the course of their lifetimes. I’m talking about people who are already unambiguously middle class (between 25th and 75th percentile incomes), who end up relying on investment income to provide most of their retirement expenses.
I’m talking about people with half million dollar 401(k)s that return hundreds of thousands over the course of a retirement. Some of it is principal but most of it is gains/return/interest.
Basically if you’re able to retire in America, you’re an “owner” for those decades. Yes, there are people in America who can’t afford to retire, but most people in the middle class can.
Also, its not the conventional way. You 100% made that up and what you’re describing is petite bougouise.
Defining the middle class as middle incomes is pretty conventional. I think you’ve misunderstood my description of the middle class (people who fit the definition generally have income from both work and from investment) as a definition.
So let me be perfectly clear:
And hey, I was gonna let it go but it’s clear your autocorrect has now adopted it as a new word it will happily let you spell wrong repeatedly: it’s spelled petit bourgeois, or petit bourgeoisie for plural.
I don’t see rental bikes on a daily rate as a primary mode of transportation. Plenty of people only come into the city on certain days, or visit cities they don’t live in, or otherwise just need to get around a single place they would’ve walked. They need the ability to start and stop in arbitrary places, and not bring something with them.
There’s also really tight coordination between sight and proprioception, as our visual processing seamlessly stitches together visual information into a three dimensional model of reality, even if we’re moving while taking in that visual information, through stereoscopic signals from two eyes.
The median net worth of a 65-year-old in the United States is about $390k, so the income it produces is generally a modest supplement to social security. At the 75th percentile, which is also generally considered middle class, net worth is about $1.1 million and easily enough to provide a comfortable retirement lifestyle.
The idea that someone is middle class because they’ve earned a penny in bank interest is absurd.
No, the idea is that the middle class (defined in the conventional way) spends time in both the “worker” category and the “owner” category.
The ordinary middle class pathway is to work for 30-50 years and then retire on their savings (or a defined contribution retirement plan) or to rely on a defined benefit pension fund that is itself invested in securities, aka capital. This is the baseline expectation of retirement planning for the middle class in the U.S.: the investments/savings provide the cash to live on, while ownership of the primary residence shields the retiree from certain housing costs, or can provide cash flow through a reverse mortgage.
Through the power of compounding, a 40+ year savings plan generally increases its value over time so that the vast majority of the value comes from return on investment rather than invested principal.
If you want specific calculations, we can do that to show that the typical middle class path takes in more than “a very small amount” in their retirement savings/investments.
Or are you planning on coming back with a load of caveats
These details are obvious from my first comment in this thread, that the middle class in the United States works its way into an “ownership class” in time for retirement, through savings/investment. That’s exactly what I meant in that comment, and spelling it out makes it pretty clear what I meant at that time, and that I haven’t shifted my position in this thread.
Its not my definition. Its a different school of thought that has stood up to scrutiny. It is different to what a lot of people would refer to as middle class and, of course, different again from what you, personally describe middle class to be.
I’m specifically pointing out the problem with the “how they earn income” definition, that it seemingly assumes that the two categories are mutually exclusive, to try to argue that there’s no such thing as a middle class They’re not. Most people who are in what most would recognize as “middle class” under the traditional definition get income through both methods, especially over the course of their lifetimes.
So even under that definition, which attempts to pretend there isn’t a middle class, there is still a middle class: those who have income through both methods, or even hybrid methods (ownership of an actively managed business that allows them to earn money while working but wouldn’t earn money without their own labor).
why don’t they just charge enough
Because who would pay 10 cents per kilowatt hour when there’s someone else who will pay someone to take that energy off their hands?
The problem is caused when the market clearing price is lower than the cost it took to produce it, and some of those costs are in the past.
It’s like getting a boat and going fishing. If you pay $10,000 for the cost of the trip, and bring back $8,000 worth of fish, you can’t just force people buy them from you for a 25% markup.
Pin it to a carbon atom.
Where’s the carbon going to come from? If it’s anywhere but the CO2 in the atmosphere (or at least sequestered on its way to the atmosphere), your energy solution isn’t carbon neutral anymore. And if it is from the atmosphere, then there are efficiency challenges there at concentrating CO2 to be useful for synthetic processes.
Most syngas today comes from biological and fossil feedstocks, so it’s not really a solution to atmospheric CO2 concentrations.
I have doubts that hydrogen will ever work in any industry, but it definitely won’t work for cars. The storage and distribution challenges are never going to make it cost competitive with just regular lithium batteries on a marginal per-joule basis. Even if the energy itself is free, the other stuff will still be more expensive than just charging car batteries off the existing grid.
Current EV batteries are
And just like that you’ve shown that gravity batteries aren’t feasible.
Storage is going to be a big part of the solution going forward. But it’s going to be chemical batteries and thermal batteries, not gravity batteries.
Middle class generally means people whose incomes are in the middle half (ranging from 40th to 60th percentile to the 20th to 80th).
If you want to pull out your own new definition based on whether their income comes from work or from return on investments, then I’d still point out there’s a large number of people who do both, especially when compared across the entire life cycle including retirement. So if you insist on this alternative definition, you still have to account for the big chunk of the population who do both.
Are they working alone, or do you envision groups who can stop, collaborate, and listen?
Dammit for the last time you can’t wear an NBA jersey and shorts here, this is a doctor’s office.
If you work for your money, you’re part of the struggle. If you own for your money, you’re part of the problem.
But the middle class is those who are able to leverage working for their money to accumulate capital to where they can live off of the proceeds of that owned capital. If you’re able to retire, you eventually become part of the ownership class.
There is a shrinking middle class but the actual people in it are those who split their adult lives into eventually retiring on their wealth, accumulated through working.
I agree. Stated another way, imagine the trolley is headed towards 5 people, and you have the power to pull the lever to divert it to a path where there are no people. Even if someone tied those 5 to the tracks with the intent to kill, your failure to save their lives (at no additional cost to others) is widely regarded by most systems of ethics/morality as a moral failing. Yes, the person who tied the tracks bears blame, but so does the person who could’ve easily saved them but chose to let them die.
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On first skim of this comment I thought these were details about trains and I was very concerned about how weaponized trains had become.