Posted on 04/22/2019 12:36:05 PM PDT by Oldeconomybuyer
Global warming may be making income inequality worse across the world.
This Earth Day, Stanford University researchers said gradual temperature increases over almost five decades have helped created financial disparities between poorer, typically warm countries and richer, typically cooler countries.
Without climate change, the divide between nations with the largest economic output per person and nations with the smallest output per person would be 25% smaller, says the new study.
Instead, climate change has been a drag on growth for many poorer countries and enriched many wealthy countries.
“Countries that are very warm tended to exhibit slower economic growth whereas on the cooler end of the range, cool countries have tended to experience faster economic growth,” climate scientist and study co-author Noah Diffenbaugh, a Stanford University professor and senior fellow, told MarketWatch.
Whatever climate change’s influence on the national economy, America is already grappling with its own income inequality problems. By one study’s count, America’s super rich haven’t held as much of the nation’s wealth since 1929, just before Wall Street’s crash brought on the Great Depression.
The new Stanford study says that globally, the missed-out economic output was akin to what the United States suffered through during the Great Depression.
“It’s a huge loss compared to where these countries would have been otherwise.”
(Excerpt) Read more at marketwatch.com ...
This is the real end game - Global Warming as the excuse for massive transfer payments leading to World Socialism.
Actually it’s more due to humming bird feeders running out of liquid.
Me too. People stupid enough to believe that scam are probably too impaired (and often also too entitled) to be worth anything in the market.
I thought it was the very high taxes that made people poor?
This important news comes literally from the same building Christine Blasey Ford works in.
That speaks volumes.
As if anybody didn’t know they were envirosocialist watermelons all along.
Stanford University researchers and alchemists have too much in common.
Global Warming today is the reason Kate Smith sang those racist songs in the 1930’s.
Stanford - Where tuition is what, $50,000 a year with endowments in the billions, is complaining about income inequality.
The link is leftist intent. They intend to use the fake global warming issue to try to rob the wealthy of their wealth. And, no, there is no intent to redistribute very much of it to the poor or to anyone other than to those in power.
News Alerts 1/1/2020:
Global warming has gotten so bad that over 80% on the Earth’s population has frozen to death.
Al Gore has been elected Earth’s Emperor by 80% of the Earth’s population based on absentee b.allots
Hillary Clinton will not seek to run for US President as she was part of the 80% that froze.
"Countries that are very warm tended to exhibit slower economic growth whereas on the cooler end of the range, cool countries have tended to experience faster economic growth,"
...y'know, ever since the world began. Thanks Oldeconomybuyer. From the ending of Herodotus' "Histories":
"...O Cyrus! come now, let us quit this land wherein we dwell -- for it is a scant land and a rugged -- and let us choose ourselves some other better country. Many such lie around us, some nearer, some further off: if we take one of these, men will admire us far more than they do now. Who that had the power would not so act? And when shall we have a fairer time than now, when we are lords of so many nations, and rule all Asia?" Then Cyrus, who did not greatly esteem the counsel, told them, -- "they might do so, if they liked -- but he warned them not to expect in that case to continue rulers, but to prepare for being ruled by others -- soft countries gave birth to soft men -- there was no region which produced very delightful fruits, and at the same time men of a warlike spirit." So the Persians departed with altered minds, confessing that Cyrus was wiser than they; and chose rather to dwell in a churlish land, and exercise lordship, than to cultivate plains, and be the slaves of others.
The Socialist Scammers get more and more preposterous.
Yep.
I’m sure the GOP-e will get right on this.
Never was their a bigger group of useless self-absorbed people than in the US Senate.
Groovy.
So Stanford has about a $28 billion endowment....why don’t they start passing it out to the income unequals?
THIS.
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