X-Message-Number: 15280
From: "John de Rivaz" <>
Subject: Living beyond our means
Date: Sun, 7 Jan 2001 12:28:40 -0000

It has been suggested several times on Cryonet and elsewhere that humanity
is living beyond its means.

I wonder if this takes into consideration the growth of technology. Anyone
who read Mark Plus' links on economics would have seen how in the oil
industry technology growth has made many predictions laughable with
hindsight. Although oil could run out eventually (unless some as yet unknown
geological rather than biological process is making it inside the planet)
technology growth will enable mass transport to be achieved by other means I
am sure.

If someone has means (ie capital) that is growing at a greater percentage
than the funds they are withdrawing, then they are not living beyond their
means, even if they are withdrawing more than the  3% that everyone thinks
capital *ought* to make after taxation penalties on owning it.

--
Sincerely, John de Rivaz
my homepage links to Longevity Report, Fractal Report, music, Inventors'
report, an autobio and various other projects:
http://www.geocities.com/longevityrpt
http://www.autopsychoice.com - should you be able to chose autopsy?

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