I think this is moreso the case of how economics works. Inflation is a one way street because deflation is so much worse. The Great Depression saw -7% deflation.
It's pretty funny- worth seeing. Definitely amps up the ridiculousness in a way that I don't remember Mean Girls being, but it's in the same ballpark. Honestly maybe closer to Superbad.
It's an estimate of premature deaths based on CO2 emissions.
"Pearce and Parncutt found the peer-reviewed literature on the human mortality costs of carbon emissions converged on the "1,000-ton rule," which is an estimate that one future premature death is caused every time approximately 1,000 tons of fossil carbon are burned.
"Energy numbers like megawatts mean something to energy engineers like me, but not to most people. Similarly, when climate scientists talk about parts per million of carbon dioxide, that doesn't mean anything to most people. A few degrees of average temperature rise are not intuitive either. Body count, however, is something we all understand," said Pearce, a Western Engineering and Ivey Business School professor.
"If you take the scientific consensus of the 1,000-ton rule seriously, and run the numbers, anthropogenic global warming equates to a billion premature dead bodies over the next century. Obviously, we have to act. And we have to act fast.""
Totally worthless with no actual analysis.
I'll save you a click: guy learns about compounding growth and extrapolates that in 10,000 years there aren't enough atoms to sustain the compounding growth.
It means it's not as simple as saying 1950 home = 2023 home and therefore any differences in price are due to inflation.
To be fair society benefited along with the companies. We should institute a carbon tax on all transactions - not just punish the energy companies.
Insurance rates should be higher in high risk areas. This is the most straight forward way to keep people from building in high risk areas. I really don't think we should subsidize Joe shmoe's insurance on the third rebuilding of his house.
Who are the companies then reselling the houses to?
OnionQuest
joined 2 years ago
It's embarrassing you're an accountant and yet indulge in conspiratorial thinking. I've worked in and audited small, medium and large companies. Public companies have the strictest controls around personal spending of company resources. All public companies have to comply with SOX. I've never seen a private company voluntarily comply with that standard.