|#SubscriberNotes have been updated on the website. The big move in bonds was tipped here first.|
Thursday, December 03, 2015
|Rockstar entrepreneur Elon Musk is right most of the time. But, he can certainly be wrong. We've written before that he's wrong about Lithium-ion battery technology as he's betting the future of Tesla on that obsolete technology. We will be proven correct in the long run and Musk may very well snap to the facts. The inventor of Lithium-ion battery technology agrees with us, by the way.
Today, we find that Musk thinks that we can only solve the Climate Change problem with a Carbon Tax. Well, there's another thing Musk is wrong about. What will solve the problem is technology. Strangely enough, we agree with Bill Gates on this point. We read in Fortune that:
This idea that government has to coerce the public into doing the right thing is where conservatives lose patience with environmentalists. We say let the market decide which is the best course of action. Let the technology force the outcome. And, we think the market is going to tell the fossil fuel industry to keep their polluting fuel in the ground. That's because we have an unlimited supply of clean green fuel for our energy coming from 93 million miles in the sky. We can take this free energy and store it in advanced batteries and have it available at any time in the future. We can create electric transportation and store that solar energy to put to use in transporting goods from place to place on the surface of this planet—and in the air as well. It's called solar+storage and it's now cheaper than burning polluting fossil fuel in many parts of the planet. Let the market decide, not government. Tell politicians to keep their greedy hands off the economy. You know that if the politicians pass a tax, they'll find a way to funnel some of those funds into the hands of their sponsors in industry. The public will pay higher taxes and receive no benefits from the tax while some gets funneled into corporate coffers that finds its way back into politicians' pockets.