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Re:Entire German bond yield curve back in sub-zero territory by toomuchtodo on Tuesday August 03, 2021 @09:56AM (#28049217)
I agree with increasing minimum wages and creating robust social services (universal healthcare, mental health support, the elimination of homelessness and enough food support no one goes hungry) in order to set a really solid floor for all. With regards to infrastructure, we have to be exceptionally mindful to not build for a future that doesn't use or need infrastructure that has a lifetime measured in decades (or, wishfully thinking, 100+ years). To see the peril, witness the rapid decline in need for commercial real estate with the very speedy transition to remote work, real estate which is very expensive to convert to other purposes. We don't want to be building "bridges to nowhere." for the sake of economic activity.

> Downside : it'll get a lot of very wealthy people seeing red and will scare upper middle classes who are more used to their security being provided by assets rather than social services.

Change is hard, but inevitable.

Re:Entire German bond yield curve back in sub-zero territory by jason0597 on Tuesday August 03, 2021 @11:04AM (#28050059)
> witness the rapid decline in need for commercial real estate with the very speedy transition to remote work

Is this actually happening? Feels like a tech only phenomenon, and tech workers are only a small slice of the US office labour force...

Re:Entire German bond yield curve back in sub-zero territory by toomuchtodo on Tuesday August 03, 2021 @11:46AM (#28050608)
Re:Entire German bond yield curve back in sub-zero territory by jason0597 on Thursday August 05, 2021 @08:01AM (#28072488)
Oh I didn't know this, hmm. Thanks for showing me it
Re:Entire German bond yield curve back in sub-zero territory by pydry on Tuesday August 03, 2021 @09:59AM (#28049256)
If you treat infrastructure as a special kind of investment that requires a guaranteed return you will likely end up with shitty infrastructure.
Re:Entire German bond yield curve back in sub-zero territory by toomuchtodo on Tuesday August 03, 2021 @10:07AM (#28049345)
I'm not suggesting traditional financial return on infrastructure, but genuine demonstrated need and use regardless of return. If you build an unprofitable but highly utilized HVDC transmission line to avoid CO2 emissions for somewhere than can't generate their own clean energy (ie the Faroe Islands, for example, which hovers constantly at ~40MW of electrical generation using oil with occasional reliance on pumped storage), that would be a win imho. Japan's rail infrastructure is another prime example (although profitable if I recall). Avoid boondoggles, avoid status seeking projects, avoid nepotism and corruption, but deliver value.

Edit: As someone else in thread pointed out, renewables should be invested in.