antr

That's possible, but it's still an argument about Apollo's incentives rather than the thesis itself. By all means scrutinize anyone talking their book, but then show where the analysis is wrong. Otherwise we've moved from “Apollo is conflicted” to “Apollo must be wrong because it invested,” which is not much of an argument.

So Apollo believes in the thesis strongly enough to put billions of its own capital behind it. That sounds more like putting their money where their mouth is than a rebuttal.

I’ll say something unpopular, but the best VPP alternative out there is the transmission system operator (doing its job well).

VPPs are a great way for utilities and other companies to get customers hooked into long-term contracts and milk for more fees.

Because the 0.1% all live in Dhaka, Bangladesh[1].

[1] https://www.iqair.com/world-air-quality-ranking

If you scratch the surface of the article you will realise that the biggest loser is Chile. This draconian law, if anything, will make investing in lithium production unattractive, regardless where in the value chain one invests.

1% change in revenue can result in a material deviation in net income and cash flow

Putting aside the absurd attack labeling my argument as pro-car (don't own one by the way), I'll I'm saying is that public transport ain't cheap nor free, and has a cost. You can cover your eyes, be against x or y, but that won't stop things from being different.

The problem with "free or extremely cheap transportation" is that it's neither free nor cheap. It's expensive and paid for by tax payers through constant budget deficits and debt issuance that will indebt future generations.

Article from 2018

Page 45 of the Financial Stability Review, May 2022:

Market volatility also expanded into crypto-asset markets. Bitcoin lost 50% of its value (versus the US dollar), and stresses emerged in markets for stablecoins. While a number of stablecoins lost their peg against the US dollar, broader financial stability risks remain limited. At the same time, the implications of stresses on stablecoin Tether could be significant for the crypto-asset ecosystem. A failure of Tether may pose a threat to the stability of crypto-asset markets, as it provides a substantial amount of trading liquidity for buying and selling of other crypto-assets. A run on Tether could disrupt trading and price discovery in crypto-asset markets, which could turn disorderly. Contagion effects for the broader financial system arising from a potential “crypto crash” still seem limited, although individual investors may suffer significant losses.

> ... consent of its executives...

*sigh*

Attacking the author instead of attacking the argument?

    >> If it is income, wealth tax, capital or some new form, the outcome has been clear.

In 1980 the US Govt collected $517 billion in taxes ($1.68 trillion in 2020 terms). In 2020 this number was $3.71 trillion. So then, the US Govt is collecting over 2.2x in taxes and inequality keeps getting worst.

How can it be that with more tax revenues, people are worst off?

It's disappointing to see how these sort of articles mix "wealth growth" (i.e. a paper gain such as the increase in the value of your house), with income tax. How easy it is to mislead people to take a side on the rich vs poor politically-driven fight.

Indeed, the Catalan referendum was fake.

Among the main irregular procedures include:

  1. there are opaque ballot boxes,
  2. there are no official ballots or envelopes, 
  3. the electoral census is hosted on online servers, 
  4. there is no electoral board, and
  5. there is no counting system.

Definition of coup.

I'm afraid that what you call "vote" was a staged and manipulated process, without a voter census, and no oversight by any Election Authority.

This is the point, it was staged as a democratic event, but it was quite the contrary.

I'm failing to see how those genuine matters relate to a coup perpetrated by a minority of (privileged) citizens.