Five Trillion dollars.

This comment was so good I wanted it up front and out there. So direct from Texas…

djbarrus says:

May 18, 2019 at 1:11 PM (Edit)

In America and around the globe governments have created a multi-billion dollar Climate Change Industrial Complex. A lot of people are getting really, really rich off of the climate change industry.

How big is the Climate Change Industrial Complex today? Surprisingly, no one seems to be keeping track of all the channels of funding. A few years ago Forbes magazine went through the federal budget and estimated about $150 billion in spending on climate change and green energy subsidies during Obuma’s first term.

That didn’t include the tax subsidies that provide a 30 percent tax credit for wind and solar power — so add to those numbers about $8 billion to $10 billion a year. Then add billions more in costs attributable to the 29 states with renewable energy mandates that require utilities to buy expensive “green” energy.

Worldwide the numbers are gargantuan. Around five years ago, a leftist group called the Climate Policy Initiative issued a study which found that “Global investment in climate change” reached $359 billion that year. Then to give you a sense of how money-hungry these planet-saviors are, the CPI moaned that this spending “falls far short of what’s needed” a number estimated at $5 trillion.

For $5 trillion we could feed everyone on the planet, end malaria, and provide clean water and reliable electricity to every remote village in Africa. And we would probably have enough money left over to find a cure for cancer and Alzheimers.

About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. New girlfriend at sixty-five. Tea Party supporter. Today a follower of the God-Emperor Donald. Do like to kayak, cook, take photos, bike, watch old movies and read.

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1 Response to Five Trillion dollars.

On the North River says:

May 19, 2019 at 11:02 AM

After a comment about how long you could feed everyone on the earth out of the Five Trillion dollars, we should clarify it’s not about taking everyone out to Denny’s. Rather with enough money irrigation systems could be build, water purification plants built and new dams constructed. Soils could be conserved and lost topsoil reclaimed. Every illiterate peasant with a hoe could be re-educated and equipped with tools that he’d actually know how to use.
About 11% of the land (and the earth is 75% water) grows all the food in the world. And 2% of the cultivated land is irrigated (doesn’t depend on chancy rainfall) and produces 40% of the food. More water storage, distribution and use in irrigation would create a huge increase in food production.
Actually we could be doing all that now, if not for politicians, ignorance and bad religions like ‘Environmentalism’.
Ever read my sidebar?

“Throughout history, poverty is the normal condition of man.”

Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as “bad luck.”

— Robert A. Heinlein